Beijing Join-Cheer Software Co (SZSE:002279) ROCE % : -30.08% (As of Mar. 2024)

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What is Beijing Join-Cheer Software 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. Beijing Join-Cheer Software Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -30.08%.

Beijing Join-Cheer Software Co ROCE % Historical Data

The historical data trend for Beijing Join-Cheer Software 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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Beijing Join-Cheer Software Co ROCE % Chart

Beijing Join-Cheer Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.57

6.10

-5.02

5.33

-7.94

Beijing Join-Cheer Software 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															-11.85	-6.99	-3.91	-9.16	-30.08

Beijing Join-Cheer Software Co ROCE % Calculation

Beijing Join-Cheer Software 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 )
	=	-143.25	/	( ( (2771.248 - 897.722)	+	(2959.302 - 1226.195) )	/ 2 )
	=	-143.25	/	( (1873.526	+	1733.107)	/ 2 )
	=	-143.25	/	1803.3165
	=	-7.94 %

Beijing Join-Cheer Software 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 )
	=	-495.68	/	( ( (2959.302 - 1226.195)	+	(2456.202 - 893.78) )	/ 2 )
	=	-495.68	/	( ( 1733.107	+	1562.422 )	/ 2 )
	=	-495.68	/	1647.7645
	=	-30.08 %

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

Beijing Join-Cheer Software Co (SZSE:002279) 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.

Beijing Join-Cheer Software Co ROCE % Related Terms

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Beijing Join-Cheer Software Co (SZSE:002279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Join-Cheer Software Co Ltd (SZSE:002279) » Definitions » ROCE %

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Address

No. 5 Da Hui Si Road, Building 3, 3F, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.jiuqi.com.cn

Beijing Join-Cheer Software Co Ltd is a management software provider that focuses on providing big data integrated services. The solutions provided by the company include government management and services, long time big data, long time report, and longtime DNA.

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