U-BX Technology (U-BX Technology) ROCE % : -23.08% (As of Jun. 2023)

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What is U-BX Technology 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. U-BX Technology's annualized ROCE % for the quarter that ended in Jun. 2023 was -23.08%.

U-BX Technology ROCE % Historical Data

The historical data trend for U-BX Technology'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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U-BX Technology ROCE % Chart

U-BX Technology Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-23.09

53.49

45.39

24.72

U-BX Technology Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			200.00	-	336.94	74.21	-23.08

U-BX Technology ROCE % Calculation

U-BX Technology's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	0.245	/	( ( (22.904 - 21.993)	+	(4.854 - 3.783) )	/ 2 )
	=	0.245	/	( (0.911	+	1.071)	/ 2 )
	=	0.245	/	0.991
	=	24.72 %

U-BX Technology's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.248	/	( ( (12.051 - 10.973)	+	(4.854 - 3.783) )	/ 2 )
	=	-0.248	/	( ( 1.078	+	1.071 )	/ 2 )
	=	-0.248	/	1.0745
	=	-23.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

U-BX Technology (NAS:UBXG) 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.

U-BX Technology ROCE % Related Terms

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U-BX Technology (U-BX Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » U-BX Technology Ltd (NAS:UBXG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Linkong Er Road, Shunyi District, Zhongguan Science and Technology Park, Beijing, CHN

Website

U-BX Technology Ltd is focused on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. It helps institutional clients obtain visibility on various social media platforms and generate revenue based on consumers' clicks, views, or its clients' promotion time through those channels. The company has also developed an algorithm named Magic Mirror to calculate payout risks for insurance carriers to underwrite auto insurance coverage.

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