Net263 (SZSE:002467) ROCE % : 7.33% (As of Mar. 2024)

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What is Net263 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. Net263's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.33%.

Net263 ROCE % Historical Data

The historical data trend for Net263'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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Net263 ROCE % Chart

Net263 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.43

17.45

-0.57

1.31

-12.71

Net263 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															4.13	5.40	5.43	-68.56	7.33

Net263 ROCE % Calculation

Net263'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 )
	=	-279.777	/	( ( (2802.594 - 368.704)	+	(2323.257 - 355.433) )	/ 2 )
	=	-279.777	/	( (2433.89	+	1967.824)	/ 2 )
	=	-279.777	/	2200.857
	=	-12.71 %

Net263'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 )
	=	145.272	/	( ( (2323.257 - 355.433)	+	(2365.608 - 368.253) )	/ 2 )
	=	145.272	/	( ( 1967.824	+	1997.355 )	/ 2 )
	=	145.272	/	1982.5895
	=	7.33 %

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

Net263 (SZSE:002467) 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.

Net263 ROCE % Related Terms

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Net263 (SZSE:002467) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Net263 Ltd (SZSE:002467) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

13 East Chaoqian Road, Changping District, Beijing, CHN, 100013

Website

http://www.263.net.cn

Net263 Ltd provides value-added data and voice communication services in China.

Executives

Xin Wei Min	Directors, executives
Yang Ping Yong	Directors, executives
Wu Yi Bin	Supervisors
Liang Jing	Executives
	Directors, executives
Lu Bing	Director
Xiao Yuan	Executives
Zhang Ke	Independent director
Li Xiao Long	Director
Wang Xue Si	Supervisors
Yang Dan	Executives
Huang Ming Sheng	Director
Dong Gui Ying	Executives
Liu Jiang Tao	Directors, executives
Li Yu Jie	Executives

Net263 (SZSE:002467) Headlines

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