Beijing eGova Co (SZSE:300075) ROCE % : 6.17% (As of Mar. 2024)

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What is Beijing eGova 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 eGova Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.17%.

Beijing eGova Co ROCE % Historical Data

The historical data trend for Beijing eGova 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 eGova Co ROCE % Chart

Beijing eGova Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.54

6.43

6.97

7.64

3.52

Beijing eGova 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															5.75	8.89	4.70	-5.10	6.17

Beijing eGova Co ROCE % Calculation

Beijing eGova 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 )
	=	143.767	/	( ( (4748.362 - 786.685)	+	(4877.067 - 676.51) )	/ 2 )
	=	143.767	/	( (3961.677	+	4200.557)	/ 2 )
	=	143.767	/	4081.117
	=	3.52 %

Beijing eGova 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 )
	=	260.576	/	( ( (4877.067 - 676.51)	+	(4922.045 - 669.271) )	/ 2 )
	=	260.576	/	( ( 4200.557	+	4252.774 )	/ 2 )
	=	260.576	/	4226.6655
	=	6.17 %

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

Beijing eGova Co (SZSE:300075) 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.

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Beijing eGova Co (SZSE:300075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing eGova Co Ltd (SZSE:300075) » Definitions » ROCE %

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Address

No 42 Xizhimen Energy Building North Street, 8th Floor Block A, Haidian, Beijing, CHN, 100082

Website

http://www.egova.com.cn

Beijing eGova Co Ltd is a high-tech software company. It provides solutions in the digital city management, innovation and social management, intelligent transportation, and safe city fields in China. The company offers digital city management software and a grid of social service management systems; digital law enforcement management software and systems; three-dimensional imaging and mobile road measurement systems.

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