Talkweb Information System Co (SZSE:002261) ROCE % : 2.22% (As of Mar. 2024)

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What is Talkweb Information System Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Talkweb Information System Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.22%.

Talkweb Information System Co ROCE % Historical Data

The historical data trend for Talkweb Information System Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Talkweb Information System Co ROCE % Chart

Talkweb Information System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.55

2.09

3.70

-29.10

3.07

Talkweb Information System Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.07	2.42	2.02	1.24	2.22

Talkweb Information System Co ROCE % Calculation

Talkweb Information System Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	95.447	/	( ( (4497.97 - 1475.999)	+	(5287.13 - 2085.752) )	/ 2 )
	=	95.447	/	( (3021.971	+	3201.378)	/ 2 )
	=	95.447	/	3111.6745
	=	3.07 %

Talkweb Information System Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	70.992	/	( ( (5287.13 - 2085.752)	+	(5332.554 - 2125.568) )	/ 2 )
	=	70.992	/	( ( 3201.378	+	3206.986 )	/ 2 )
	=	70.992	/	3204.182
	=	2.22 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Talkweb Information System Co (SZSE:002261) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Talkweb Information System Co ROCE % Related Terms

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Talkweb Information System Co (SZSE:002261) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Talkweb Information System Co Ltd (SZSE:002261) » Definitions » ROCE %

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N/A

Address

No. 298, Tonglupo West Road, Yuelu District, Hunan province, Changsha, CHN, 410205

Website

http://www.talkweb.com.cn

Talkweb Information System Co Ltd is a provider of software and hardware integrated products and solutions in China. It offers software cloud services, intelligent computing, Hongmeng ecology, and mobile games. The company provides services to approx. 31 provincial-level administrative regions across the country and more than 10 overseas countries. It focuses on key areas and industries such as digital government, intelligent manufacturing, intelligent transportation, intelligent education, and intelligent parks.

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