AsiaInfo Technologies (HKSE:01675) ROCE % : 11.95% (As of Dec. 2023)

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What is AsiaInfo Technologies 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. AsiaInfo Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.95%.

AsiaInfo Technologies ROCE % Historical Data

The historical data trend for AsiaInfo Technologies'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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AsiaInfo Technologies ROCE % Chart

AsiaInfo Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.47

16.30

15.44

13.47

9.10

AsiaInfo Technologies Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											20.13	6.68	21.09	6.35	11.95

AsiaInfo Technologies ROCE % Calculation

AsiaInfo Technologies'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 )
	=	711.571	/	( ( (11651.202 - 3665.849)	+	(12342.783 - 4692.119) )	/ 2 )
	=	711.571	/	( (7985.353	+	7650.664)	/ 2 )
	=	711.571	/	7818.0085
	=	9.10 %

AsiaInfo Technologies's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	922.374	/	( ( (11011.339 - 3218.776)	+	(12342.783 - 4692.119) )	/ 2 )
	=	922.374	/	( ( 7792.563	+	7650.664 )	/ 2 )
	=	922.374	/	7721.6135
	=	11.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

AsiaInfo Technologies (HKSE:01675) 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.

AsiaInfo Technologies ROCE % Related Terms

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AsiaInfo Technologies (HKSE:01675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AsiaInfo Technologies Ltd (HKSE:01675) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

51N:Germany

Address

Northwest Wang East Road, No.10 East, Yaxin Building, East District, Zhongguancun Software Park Phase II, Hai Dian District, Beijing, CHN, 100193

Website

https://www.asiainfo.com

AsiaInfo Technologies Ltd is a provider of telecom software products and related service. The company's product portfolio currently consists of CRM, charging & billing, and big data products to IoT and intelligent network products. Its software products are deployed using an on-premises, project-based delivery model, and are accompanied by end-to-end, professional deployment services. It operates in two segments: Software business segment that comprises software products and related services; data-driven operation services; and others, including sale of third-party hardware and software, system integration services, business consulting services and corporate trainings. The Network security business segment engages in the provision of network security-related software products and services.

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