Sichuan Joyou Digital Technologies Co (SZSE:301172) ROCE % : 2.97% (As of Mar. 2024)

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What is Sichuan Joyou Digital Technologies 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. Sichuan Joyou Digital Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.97%.

Sichuan Joyou Digital Technologies Co ROCE % Historical Data

The historical data trend for Sichuan Joyou Digital Technologies 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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Sichuan Joyou Digital Technologies Co ROCE % Chart

Sichuan Joyou Digital Technologies Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.62

24.09

17.93

16.93

7.32

Sichuan Joyou Digital Technologies Co Quarterly Data
	Dec14	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.29	29.85	6.04	6.32	2.97

Sichuan Joyou Digital Technologies Co ROCE % Calculation

Sichuan Joyou Digital Technologies 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 )
	=	72.422	/	( ( (917.112 - 390.293)	+	(1786.084 - 334.334) )	/ 2 )
	=	72.422	/	( (526.819	+	1451.75)	/ 2 )
	=	72.422	/	989.2845
	=	7.32 %

Sichuan Joyou Digital Technologies 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 )
	=	43.204	/	( ( (1786.084 - 334.334)	+	(1762.215 - 302.269) )	/ 2 )
	=	43.204	/	( ( 1451.75	+	1459.946 )	/ 2 )
	=	43.204	/	1455.848
	=	2.97 %

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

Sichuan Joyou Digital Technologies Co (SZSE:301172) 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.

Sichuan Joyou Digital Technologies Co ROCE % Related Terms

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Sichuan Joyou Digital Technologies Co (SZSE:301172) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Sichuan Joyou Digital Technologies Co Ltd (SZSE:301172) » Definitions » ROCE %

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Address

No. 288, Tianfu 3rd Street, Chengdu High-tech Zone, No. 2-7, 12th Floor, 13th Floor, Building 1, China (Sichuan) Pilot Free Trade Zone, Chengdu, CHN, 610094

Website

http://www.joyoudigital.com

Sichuan Joyou Digital Technologies Co Ltd is a professional smart city comprehensive solution provider. Its main business is to provide products and services such as system integration services, operation and maintenance services, and self-developed product sales for customers in the smart city field. The company mainly adopts new-generation information application technologies such as the Internet of Things, cloud computing, big data, artificial intelligence, and BIM to provide customers with a smart city industry that integrates application software customization development and intelligent and information system integration services Comprehensive solutions.

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