Shanghai Suochen Information Technology Co (SHSE:688507) ROCE % : -2.99% (As of Mar. 2024)

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What is Shanghai Suochen Information 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. Shanghai Suochen Information Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.99%.

Shanghai Suochen Information Technology Co ROCE % Historical Data

The historical data trend for Shanghai Suochen Information 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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Shanghai Suochen Information Technology Co ROCE % Chart

Shanghai Suochen Information Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-5.16

12.58

14.40

11.14

3.29

Shanghai Suochen Information Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-16.84	-3.69	-1.20	14.59	-2.99

Shanghai Suochen Information Technology Co ROCE % Calculation

Shanghai Suochen Information 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 )
	=	57.395	/	( ( (724.98 - 161.212)	+	(3087.416 - 157.211) )	/ 2 )
	=	57.395	/	( (563.768	+	2930.205)	/ 2 )
	=	57.395	/	1746.9865
	=	3.29 %

Shanghai Suochen Information Technology 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 )
	=	-86.748	/	( ( (3087.416 - 157.211)	+	(2999.207 - 119.033) )	/ 2 )
	=	-86.748	/	( ( 2930.205	+	2880.174 )	/ 2 )
	=	-86.748	/	2905.1895
	=	-2.99 %

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

Shanghai Suochen Information Technology Co (SHSE:688507) 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.

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Shanghai Suochen Information Technology Co (SHSE:688507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Suochen Information Technology Co Ltd (SHSE:688507) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Xinjinqiao Road, 2F, Building No. 13, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201206

Website

http://www.demxs.com

Shanghai Suochen Information Technology Co Ltd takes simulation to lead the future, achieve customer innovation as its corporate vision, and develops engineering simulation software and related solutions independently. Suochen Technology is a high-tech enterprise focusing on CAE software R&D, sales and service. Computer Aided Engineering (CAE) refers to the use of computer software to simulate the working status and behavior of products/engineering projects based on physical models in the product/engineering design stage to predict their functional availability, reliability, efficiency and safety. performance, etc., to achieve product/engineering design optimization, to ensure that the product/project achieves the expected function and meets various performance indicators.

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