Wave Sync (Wave Sync) ROCE % : -2.55% (As of Mar. 2022)

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What is Wave Sync 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. Wave Sync's annualized ROCE % for the quarter that ended in Mar. 2022 was -2.55%.

Wave Sync ROCE % Historical Data

The historical data trend for Wave Sync'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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Wave Sync ROCE % Chart

Wave Sync Annual Data

Trend

Jun09

Jun10

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-423.99

-654.26

-13.01

Wave Sync Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
ROCE %	Get a 7-Day Free Trial															-	-30.32	-279.71	-7.58	-2.55

Wave Sync ROCE % Calculation

Wave Sync's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-1.467	/	( ( (0 - 0.072)	+	(25.3 - 2.673) )	/ 2 )
	=	-1.467	/	( (-0.072	+	22.627)	/ 2 )
	=	-1.467	/	11.2775
	=	-13.01 %

Wave Sync's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	-0.576	/	( ( (25.3 - 2.673)	+	(25.112 - 2.613) )	/ 2 )
	=	-0.576	/	( ( 22.627	+	22.499 )	/ 2 )
	=	-0.576	/	22.563
	=	-2.55 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

Wave Sync (OTCPK:WAYS) 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.

Wave Sync ROCE % Related Terms

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Wave Sync (Wave Sync) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Wave Sync Corp (OTCPK:WAYS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 West 44th Street, Suite 1001, New York, NY, USA, 10036

Website

Wave Sync Corp is a shell company.

Executives

Xinfeng Nie	director, 10 percent owner	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Bin Zhou	director	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Zhibin Jin	officer: Secretary	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Jianjun Xu	director	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Mingyong Hu	director	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Jingmei Weng	director, officer: Chief Financial Officer	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Sanfu Huang	director, 10 percent owner, officer: Chief Executive Officer	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Fulun Su	director	PUDONG BUILDING, 2ND FLOOR, JUILONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU CITY FUIJAN PROVINCE F4 363000
Nie Xinfeng Co.,ltd.	10 percent owner	P.O.BOX 957, OFFSHORE INCORPORATIONS CTR, ROAD TOWN, TORTOLA D8 000000
Gaomin Huang	10 percent owner	PUDONG BUILDING, 2ND FLOOR, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Sanfu Holding Co.,ltd	10 percent owner	PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Xiaoshuang Chen	director	RM 502 HUA TENG BUILDING NO 302, JINGSONG 3RD DISTRICT CHAOYANG DISTRICT, BEIJING F4 100021
Yong Bian	director	C/O CHINA INSONLINE CORP., 4F HENRY HOUSE, 10 ICEHOUSE ST., CENTRAL HONG KONG F4 00000
Renbin Yu	director	RM 502 HUA TENG BUILDING NO 302, JINGSONG 3RD DISTRICT CHAOYANG DISTRICT, BEIJING F4 100021
Edith Kamying Ho	director	800 5TH AVENUE, SUITE 4100, SEATTLE WA 98104