Beijing Forever Technology Co (SZSE:300365) ROCE % : 0.59% (As of Mar. 2024)

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What is Beijing Forever 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. Beijing Forever Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.59%.

Beijing Forever Technology Co ROCE % Historical Data

The historical data trend for Beijing Forever 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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Beijing Forever Technology Co ROCE % Chart

Beijing Forever Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.11

4.49

3.10

-11.05

0.78

Beijing Forever 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															0.47	1.19	1.55	-0.13	0.59

Beijing Forever Technology Co ROCE % Calculation

Beijing Forever 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 )
	=	16.003	/	( ( (2402.479 - 363.903)	+	(2511.977 - 439.237) )	/ 2 )
	=	16.003	/	( (2038.576	+	2072.74)	/ 2 )
	=	16.003	/	2055.658
	=	0.78 %

Beijing Forever 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 )
	=	12.184	/	( ( (2511.977 - 439.237)	+	(2413.063 - 335.348) )	/ 2 )
	=	12.184	/	( ( 2072.74	+	2077.715 )	/ 2 )
	=	12.184	/	2075.2275
	=	0.59 %

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

Beijing Forever Technology Co (SZSE:300365) 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 Forever Technology Co ROCE % Related Terms

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Beijing Forever Technology Co (SZSE:300365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Forever Technology Co Ltd (SZSE:300365) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.138 Andingmenwai Street, 12th Floor, Tower A, Huangcheng International Center, Dongcheng District, Beijing, CHN, 100011

Website

http://www.ieforever.com

Beijing Forever Technology Co Ltd is a Chinese high-tech company engaged in providing smart grid solutions and services. It offers full life cycle informatization solutions, power engineering consultation, power investigation and surveying and EPC for power transmission and transformation. In addition, the company also provides solutions for the businesses of new energy, smart transportation, electricity sales service, hydropower, environmental protection, and others. The company also provides support to overseas business by offering electric power and power grid engineering design, construction, new energy design and development, and informatization construction in related industries.

Executives

Luo Xin Wei	Directors, executives
Meng Ling Jun	Directors, executives
Hu Bao Liang	Supervisors
Jiang Chun Hua	Director

Beijing Forever Technology Co (SZSE:300365) Headlines

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