Weimob (HKSE:02013) ROCE % : -12.57% (As of Dec. 2023)

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What is Weimob 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. Weimob's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.57%.

Weimob ROCE % Historical Data

The historical data trend for Weimob'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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Weimob ROCE % Chart

Weimob Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.20

-40.56

-14.07

-31.61

-14.83

Weimob 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											-4.66	-18.70	-46.71	-18.47	-12.57

Weimob ROCE % Calculation

Weimob'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 )
	=	-629.069	/	( ( (8901.016 - 4186.35)	+	(8605.957 - 4839.395) )	/ 2 )
	=	-629.069	/	( (4714.666	+	3766.562)	/ 2 )
	=	-629.069	/	4240.614
	=	-14.83 %

Weimob'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 )
	=	-473.978	/	( ( (8848.57 - 5073.532)	+	(8605.957 - 4839.395) )	/ 2 )
	=	-473.978	/	( ( 3775.038	+	3766.562 )	/ 2 )
	=	-473.978	/	3770.8
	=	-12.57 %

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

Weimob (HKSE:02013) 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.

Weimob ROCE % Related Terms

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Weimob (HKSE:02013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Weimob Inc (HKSE:02013) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

36W:Germany

Address

258 Changjiang Road, Weimob Building, Baoshan District, Shanghai, CHN

Website

https://www.weimob.com

Weimob Inc is a provider of cloud business and marketing solutions for small and medium-sized enterprises in China. The company operates in three segments: Subscription solutions, Merchant solutions, and Digital media. It provides SaaS and other software in its Subscription Solutions segment for e-commerce, Retail, catering, hotel, local life, and other industries, enabling merchants to carry out private traffic management. The company helps merchants obtain public domain traffic and support them to achieve digital upgrade with full chain services and operations through its Merchant Solutions segment. Digital Media mainly comprises its advertisement placement services offered to certain merchants.

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