Zhejiang Whyis Technology Co (SZSE:301218) ROCE % : -1.12% (As of Mar. 2024)

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What is Zhejiang Whyis 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. Zhejiang Whyis Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.12%.

Zhejiang Whyis Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Whyis 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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Zhejiang Whyis Technology Co ROCE % Chart

Zhejiang Whyis Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.84

23.17

22.66

6.17

4.30

Zhejiang Whyis Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-5.58	2.81	-2.38	22.19	-1.12

Zhejiang Whyis Technology Co ROCE % Calculation

Zhejiang Whyis 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 )
	=	41.057	/	( ( (1286.609 - 359.679)	+	(1465.412 - 484.22) )	/ 2 )
	=	41.057	/	( (926.93	+	981.192)	/ 2 )
	=	41.057	/	954.061
	=	4.30 %

Zhejiang Whyis 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 )
	=	-11.132	/	( ( (1465.412 - 484.22)	+	(1427.141 - 416.197) )	/ 2 )
	=	-11.132	/	( ( 981.192	+	1010.944 )	/ 2 )
	=	-11.132	/	996.068
	=	-1.12 %

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

Zhejiang Whyis Technology Co (SZSE:301218) 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.

Zhejiang Whyis Technology Co ROCE % Related Terms

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Zhejiang Whyis Technology Co (SZSE:301218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zhejiang Whyis Technology Co Ltd (SZSE:301218) » Definitions » ROCE %

Comparable Companies

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N/A

Address

No. 16, Jiaqi Road, Xianlin Street, 1st Floor, Building, Yuhang District, Zhejiang Province, Hangzhou City, CHN, 311122

Website

http://www.zjwhyis.com

Zhejiang Whyis Technology Co Ltd is engaged in providing one-stop comprehensive solutions for project design, information system development, software and hardware procurement, system integration and operation and maintenance services.

Executives

Wen Zhi Wei

Directors, executives

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