China United Network Communications (SHSE:600050) ROCE % : 7.52% (As of Mar. 2024)

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What is China United Network Communications 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. China United Network Communications's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.52%.

China United Network Communications ROCE % Historical Data

The historical data trend for China United Network Communications'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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China United Network Communications ROCE % Chart

China United Network Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.64

4.85

5.30

5.65

6.14

China United Network Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.76	9.46	6.44	1.85	7.52

China United Network Communications ROCE % Calculation

China United Network Communications'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 )
	=	24555.645	/	( ( (644687.028 - 247983.988)	+	(662844.797 - 260285.599) )	/ 2 )
	=	24555.645	/	( (396703.04	+	402559.198)	/ 2 )
	=	24555.645	/	399631.119
	=	6.14 %

China United Network Communications'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 )
	=	30407.588	/	( ( (662844.797 - 260285.599)	+	(665855.422 - 259393.055) )	/ 2 )
	=	30407.588	/	( ( 402559.198	+	406462.367 )	/ 2 )
	=	30407.588	/	404510.7825
	=	7.52 %

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

China United Network Communications (SHSE:600050) 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.

China United Network Communications ROCE % Related Terms

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China United Network Communications (SHSE:600050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China United Network Communications Ltd (SHSE:600050) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 21, Financial Street, 4th Floor, Xicheng District, Beijing, CHN, 100033

Website

http://www.chinaunicom-a.com

China United Network Communications Ltd is a Chinese telecom operator. It operates fixed and mobile communications service, domestic and international communications facilities, satellite IPLC service, data communications service, network access service, value-added telecom services and system integration service related to information and communications services. The Company provides its products to personal & residential customers, small & medium business, VIP customer and international customer.

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