Beijing Tricolor Technology Co (SHSE:603516) ROCE % : 3.44% (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Beijing Tricolor Technology 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. Beijing Tricolor Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.44%.

Beijing Tricolor Technology Co ROCE % Historical Data

The historical data trend for Beijing Tricolor Technology 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.

* Premium members only.

Beijing Tricolor Technology Co ROCE % Chart

Beijing Tricolor Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.14

12.71

8.99

4.38

2.66

Beijing Tricolor Technology 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															-1.87	7.10	2.56	2.82	3.44

Beijing Tricolor Technology Co ROCE % Calculation

Beijing Tricolor Technology 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 )
	=	35.51	/	( ( (1405.862 - 103.348)	+	(1544.002 - 181.432) )	/ 2 )
	=	35.51	/	( (1302.514	+	1362.57)	/ 2 )
	=	35.51	/	1332.542
	=	2.66 %

Beijing Tricolor Technology 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 )
	=	46.948	/	( ( (1544.002 - 181.432)	+	(1503.679 - 139.594) )	/ 2 )
	=	46.948	/	( ( 1362.57	+	1364.085 )	/ 2 )
	=	46.948	/	1363.3275
	=	3.44 %

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

Beijing Tricolor Technology Co (SHSE:603516) 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.

Beijing Tricolor Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Beijing Tricolor Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Beijing Tricolor Technology Co (SHSE:603516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Tricolor Technology Co Ltd (SHSE:603516) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard No.4, Life Science Park, Beiqing Road, 6th Floor, Building No.6, Changping District, Beijing, CHN, 102206

Website

http://www.chinargb.com.cn

Beijing Tricolor Technology Co Ltd supplies professional audio and video surveillance products and solutions. The company offers video wall processors, edge blending systems, and multi-viewers; matrix switchers; platform products, such as digital security integrated platform, industry custom audio system, professional high-definition network codec, and visual control products.

Executives

Huang Xiu Yu	Director
Zhang Jun Feng	Director
Fu Guo Yi	Director
Hu Chen	Director
Wang Zhi Tao	Director
He Shi Da	Director
Cheng Rui	senior management
Kong Ling Shu	Supervisors
Fu Lei Ming	Supervisors
Sun Chao	Supervisors

Beijing Tricolor Technology Co (SHSE:603516) Headlines

No Headlines