CITIC Guoan Information Industry Co (SZSE:000839) ROCE % : 13.38% (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is CITIC Guoan Information Industry 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. CITIC Guoan Information Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.38%.

CITIC Guoan Information Industry Co ROCE % Historical Data

The historical data trend for CITIC Guoan Information Industry 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.

CITIC Guoan Information Industry Co ROCE % Chart

CITIC Guoan Information Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

2.83

-32.06

-32.76

-62.22

5.08

CITIC Guoan Information Industry 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															17.15	5.05	-1.06	-6.50	13.38

CITIC Guoan Information Industry Co ROCE % Calculation

CITIC Guoan Information Industry 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 )
	=	102.637	/	( ( (5917.968 - 4307.362)	+	(6218.564 - 3791.372) )	/ 2 )
	=	102.637	/	( (1610.606	+	2427.192)	/ 2 )
	=	102.637	/	2018.899
	=	5.08 %

CITIC Guoan Information Industry 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 )
	=	347.476	/	( ( (6218.564 - 3791.372)	+	(6051.262 - 3284.625) )	/ 2 )
	=	347.476	/	( ( 2427.192	+	2766.637 )	/ 2 )
	=	347.476	/	2596.9145
	=	13.38 %

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

CITIC Guoan Information Industry Co (SZSE:000839) 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.

CITIC Guoan Information Industry Co ROCE % Related Terms

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

CITIC Guoan Information Industry Co (SZSE:000839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CITIC Guoan Information Industry Co Ltd (SZSE:000839) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Guan Dong Dian North Street, Guo An Plaza, 5F, Chaoyang District, Beijing, Beijing, CHN, 100020

Website

http://www.citicguoaninfo.com

CITIC Guoan Information Industry Co Ltd is the provider of cable TV network. The company has invested in 17 cable television projects, covering the major part of China. The company also engages in cathode materials for lithium-ion batteries, real estate development, value-added telecom services and other information industries.

Executives

Liu Jing	Independent director
Zhuang Yu	Director
Qin Yong Zhong	Director
Zhao Xu Dong	Independent director
Chen Peng Jing	Independent director
Liao Xiao Tong	Secretary, Director
Sun Ya Lei	Director
Li Shi Lin	Director
Liu Guo Jian	Executives
Lei Xue Ling	Supervisors

CITIC Guoan Information Industry Co (SZSE:000839) Headlines

No Headlines