OneConnect Financial Technology Co (OneConnect Financial Technology Co) ROCE % : -9.22% (As of Dec. 2023)

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What is OneConnect Financial Technology 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. OneConnect Financial Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.22%.

OneConnect Financial Technology Co ROCE % Historical Data

The historical data trend for OneConnect Financial Technology 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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OneConnect Financial Technology Co ROCE % Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-34.09

-27.04

-28.06

-23.85

-10.51

OneConnect Financial Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-22.40	-13.03	-8.77	-11.05	-9.22

OneConnect Financial Technology Co ROCE % Calculation

OneConnect Financial Technology 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 )
	=	-47.923	/	( ( (1274.063 - 781.204)	+	(1129.99 - 710.495) )	/ 2 )
	=	-47.923	/	( (492.859	+	419.495)	/ 2 )
	=	-47.923	/	456.177
	=	-10.51 %

OneConnect Financial Technology Co'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-39.448	/	( ( (1155.563 - 719.426)	+	(1129.99 - 710.495) )	/ 2 )
	=	-39.448	/	( ( 436.137	+	419.495 )	/ 2 )
	=	-39.448	/	427.816
	=	-9.22 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

OneConnect Financial Technology Co (NYSE:OCFT) 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.

OneConnect Financial Technology Co ROCE % Related Terms

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OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » ROCE %

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06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.