Shanghai Golden Bridge InfoTech Co (SHSE:603918) ROCE % : -12.74% (As of Mar. 2024)

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What is Shanghai Golden Bridge InfoTech 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. Shanghai Golden Bridge InfoTech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.74%.

Shanghai Golden Bridge InfoTech Co ROCE % Historical Data

The historical data trend for Shanghai Golden Bridge InfoTech 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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Shanghai Golden Bridge InfoTech Co ROCE % Chart

Shanghai Golden Bridge InfoTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.25

15.02

11.45

1.50

2.56

Shanghai Golden Bridge InfoTech 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															1.94	6.54	-0.62	2.44	-12.74

Shanghai Golden Bridge InfoTech Co ROCE % Calculation

Shanghai Golden Bridge InfoTech 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 )
	=	28.352	/	( ( (1668.018 - 582.012)	+	(1656.658 - 531.524) )	/ 2 )
	=	28.352	/	( (1086.006	+	1125.134)	/ 2 )
	=	28.352	/	1105.57
	=	2.56 %

Shanghai Golden Bridge InfoTech 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 )
	=	-141.272	/	( ( (1656.658 - 531.524)	+	(1560.797 - 468.918) )	/ 2 )
	=	-141.272	/	( ( 1125.134	+	1091.879 )	/ 2 )
	=	-141.272	/	1108.5065
	=	-12.74 %

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

Shanghai Golden Bridge InfoTech Co (SHSE:603918) 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.

Shanghai Golden Bridge InfoTech Co ROCE % Related Terms

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Shanghai Golden Bridge InfoTech Co (SHSE:603918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Golden Bridge InfoTech Co Ltd (SHSE:603918) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gem park, 487 Tianlin Road, Building 25, 24th Floor, Xuhui District, Shanghai, CHN, 200233

Website

http://www.shgbit.com

Shanghai Golden Bridge InfoTech Co Ltd is a China-based provider of multimedia information systems industry application solutions and services. The Company's products include multimedia conferencing systems, emergency command centers, science, and technology court system.

Executives

Yang Jia Hua	senior management
Wang Feng	senior management
Qian Hui Ping	senior management
Wang Kun	Director
Wang Hao Ying	Supervisors
Shou Zou	Director
Jin Shi Ping	Director
Liu Yang	Directors, senior managers
Gao Dong Dong	senior management
Yan Zhen Fang	Directors, senior managers
Wu Zhi Xiong	Director
Zhang Bing Ye	Supervisors
Shen Ying Hua	Director
Li Zhi Ming	senior management
Zhou Zhe	Director

Shanghai Golden Bridge InfoTech Co (SHSE:603918) Headlines

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