Anhui Wantong Technology Co (SZSE:002331) ROCE % : -1.40% (As of Mar. 2024)

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What is Anhui Wantong Technology 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. Anhui Wantong Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.40%.

Anhui Wantong Technology Co ROCE % Historical Data

The historical data trend for Anhui Wantong Technology 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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Anhui Wantong Technology Co ROCE % Chart

Anhui Wantong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.56

-8.36

-4.43

-5.16

-3.52

Anhui Wantong Technology 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															-7.44	-7.03	-0.11	0.67	-1.40

Anhui Wantong Technology Co ROCE % Calculation

Anhui Wantong Technology 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 )
	=	-65.952	/	( ( (2668.658 - 822.851)	+	(2893.837 - 989.908) )	/ 2 )
	=	-65.952	/	( (1845.807	+	1903.929)	/ 2 )
	=	-65.952	/	1874.868
	=	-3.52 %

Anhui Wantong Technology 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 )
	=	-26.568	/	( ( (2893.837 - 989.908)	+	(2806.685 - 913.381) )	/ 2 )
	=	-26.568	/	( ( 1903.929	+	1893.304 )	/ 2 )
	=	-26.568	/	1898.6165
	=	-1.40 %

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

Anhui Wantong Technology Co (SZSE:002331) 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.

Anhui Wantong Technology Co ROCE % Related Terms

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Anhui Wantong Technology Co (SZSE:002331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Anhui Wantong Technology Co Ltd (SZSE:002331) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 589, Lishui Road, High-tech Zone, Hefei, Anhui, CHN, 230088

Website

http://www.wantong-tech.net

Anhui Wantong Technology Co Ltd is a high-tech enterprise specializing in system integration, application software development, operation and maintenance services in the field of traffic information construction. It offers system integration solution that combines professionalism and applicability and applies it to highways, port terminals, urban intelligent transportation, trunk roads, logistics tracking, and judicial, tax, education, and others.

Executives

Sun Sheng	Executives
Kong Mei	Executives
Pan Da Sheng	Executives
Lu Yu Ping	Executives
Ma Jing Jing	Supervisors
Chen Xin	Director
Yang Shi Ning	Directors, executives
Yang Xin Zi	Directors, executives
Wang Zhong Sheng	Director
Wang Xi Zhong	Director
Zheng Huai	Directors, executives
Wang Zhi Jie	Director
Zhang Ting	Supervisors
Ji Shi Guang	Director

Anhui Wantong Technology Co (SZSE:002331) Headlines

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