Beijing Competitor Sports Science Technology Joint Stock Co (BJSE:833429) ROCE % : 6.89% (As of Mar. 2024)

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What is Beijing Competitor Sports Science Technology Joint Stock 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 Competitor Sports Science Technology Joint Stock Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.89%.

Beijing Competitor Sports Science Technology Joint Stock Co ROCE % Historical Data

The historical data trend for Beijing Competitor Sports Science Technology Joint Stock 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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Beijing Competitor Sports Science Technology Joint Stock Co ROCE % Chart

Beijing Competitor Sports Science Technology Joint Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.00

3.77

9.33

10.11

13.39

Beijing Competitor Sports Science Technology Joint Stock Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.10	17.31	12.97	14.11	6.89

Beijing Competitor Sports Science Technology Joint Stock Co ROCE % Calculation

Beijing Competitor Sports Science Technology Joint Stock 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 )
	=	108.798	/	( ( (997.469 - 202.081)	+	(1068.961 - 239.245) )	/ 2 )
	=	108.798	/	( (795.388	+	829.716)	/ 2 )
	=	108.798	/	812.552
	=	13.39 %

Beijing Competitor Sports Science Technology Joint Stock 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 )
	=	57.348	/	( ( (1068.961 - 239.245)	+	(1043.763 - 207.838) )	/ 2 )
	=	57.348	/	( ( 829.716	+	835.925 )	/ 2 )
	=	57.348	/	832.8205
	=	6.89 %

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

Beijing Competitor Sports Science Technology Joint Stock Co (BJSE:833429) 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.

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Beijing Competitor Sports Science Technology Joint Stock Co (BJSE:833429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beijing Competitor Sports Science Technology Joint Stock Co Ltd (BJSE:833429) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 5 Lixiang Road,, Science and Technology Park, Changping District, Beijing, CHN, 102200

Website

http://www.chinacpt.com

Beijing Competitor Sports Science Technology Joint Stock Co Ltd manufactures sports nutrition foods. It mainly focuses on Sports nutrition, research and development and manufacturing of healthy and nutritious food, digital sports technology service.

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