China Bester Group Telecom Co (SHSE:603220) ROCE % : 10.36% (As of Mar. 2024)

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What is China Bester Group Telecom 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. China Bester Group Telecom Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.36%.

China Bester Group Telecom Co ROCE % Historical Data

The historical data trend for China Bester Group Telecom 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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China Bester Group Telecom Co ROCE % Chart

China Bester Group Telecom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.56

4.75

12.94

7.44

8.47

China Bester Group Telecom Co 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															6.55	10.79	9.84	11.77	10.36

China Bester Group Telecom Co ROCE % Calculation

China Bester Group Telecom 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 )
	=	199.433	/	( ( (4631.532 - 2648.711)	+	(6139.943 - 3413.303) )	/ 2 )
	=	199.433	/	( (1982.821	+	2726.64)	/ 2 )
	=	199.433	/	2354.7305
	=	8.47 %

China Bester Group Telecom 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 )
	=	294.088	/	( ( (6139.943 - 3413.303)	+	(6103.826 - 3152.02) )	/ 2 )
	=	294.088	/	( ( 2726.64	+	2951.806 )	/ 2 )
	=	294.088	/	2839.223
	=	10.36 %

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

China Bester Group Telecom Co (SHSE:603220) 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 Bester Group Telecom Co ROCE % Related Terms

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China Bester Group Telecom Co (SHSE:603220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Bester Group Telecom Co Ltd (SHSE:603220) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 25, Jiangxing Road, Building C, Jianghan Economic Development Zone, Wuhan, Hubei, CHN, 430023

Website

http://www.whbester.com

China Bester Group Telecom Co Ltd formerly known as Wuhan Bester Group Telecom Co Ltd is specialized in communications network technology services. It is engaged in planning, design, construction, maintenance, and optimization of communications networks for telecom operators in China. It offers full-service information solutions for governments, industries and enterprises. Further it offers personalized information services to the public.

Executives

Feng Gang	Director
Yu Shi Liang	senior management
Li Yun	Directors, senior managers
Li Liu Bing	Directors, senior managers
Li Wei Jian	senior management
Tang Hai Bin	Supervisors
Wu Yan Qin	Director
Rao You Gen	senior management
Cheng De Song	senior management

China Bester Group Telecom Co (SHSE:603220) Headlines

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