Recon Technology (FRA:HRC) ROCE % : -12.50% (As of Jun. 2023)

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What is Recon 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. Recon Technology's annualized ROCE % for the quarter that ended in Jun. 2023 was -12.50%.

Recon Technology ROCE % Historical Data

The historical data trend for Recon 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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Recon Technology ROCE % Chart

Recon Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-22.26

-14.90

-7.86

21.50

-12.41

Recon Technology Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-9.75	49.54	-7.75	-13.21	-12.50

Recon Technology ROCE % Calculation

Recon 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 )
	=	-7.597	/	( ( (69.269 - 7.471)	+	(68.544 - 7.866) )	/ 2 )
	=	-7.597	/	( (61.798	+	60.678)	/ 2 )
	=	-7.597	/	61.238
	=	-12.41 %

Recon 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 )
	=	-7.54	/	( ( (66.92 - 6.981)	+	(68.544 - 7.866) )	/ 2 )
	=	-7.54	/	( ( 59.939	+	60.678 )	/ 2 )
	=	-7.54	/	60.3085
	=	-12.50 %

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

Recon Technology (FRA:HRC) 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.

Recon Technology ROCE % Related Terms

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Recon Technology (FRA:HRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (FRA:HRC) » Definitions » ROCE %

Comparable Companies

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RCON:USA

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.