Beijing In To Digital Technology Stock Co (BJSE:835508) ROCE % : -2.46% (As of Mar. 2024)

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What is Beijing In To Digital Technology 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 In To Digital Technology Stock Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.46%.

Beijing In To Digital Technology Stock Co ROCE % Historical Data

The historical data trend for Beijing In To Digital Technology 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 In To Digital Technology Stock Co ROCE % Chart

Beijing In To Digital Technology Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.84

9.57

3.81

2.99

1.23

Beijing In To Digital Technology Stock 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															-3.03	0.96	-0.56	7.93	-2.46

Beijing In To Digital Technology Stock Co ROCE % Calculation

Beijing In To Digital Technology 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 )
	=	2.671	/	( ( (269.736 - 47.333)	+	(256.57 - 45.799) )	/ 2 )
	=	2.671	/	( (222.403	+	210.771)	/ 2 )
	=	2.671	/	216.587
	=	1.23 %

Beijing In To Digital Technology 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 )
	=	-5.164	/	( ( (256.57 - 45.799)	+	(245.065 - 35.713) )	/ 2 )
	=	-5.164	/	( ( 210.771	+	209.352 )	/ 2 )
	=	-5.164	/	210.0615
	=	-2.46 %

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

Beijing In To Digital Technology Stock Co (BJSE:835508) 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 In To Digital Technology Stock Co ROCE % Related Terms

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Beijing In To Digital Technology Stock Co (BJSE:835508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing In To Digital Technology Stock Co Ltd (BJSE:835508) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anning North Road, Changping Road, No. 1101, 1st Floor, Lin 831-Inner 1, Haidian District, Beijing, CHN, 100085

Website

http://www.intodigit.com

Beijing In To Digital Technology Stock Co Ltd engages in the design, development, and sales of remote integrated monitoring systems for power substations. The company's main business includes system integration business, technical service and consulting sales of system-supporting equipment, and software development and sales.

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