Newland Digital Technology Co (SZSE:000997) ROCE % : 17.55% (As of Mar. 2024)

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What is Newland Digital 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. Newland Digital Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.55%.

Newland Digital Technology Co ROCE % Historical Data

The historical data trend for Newland Digital 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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Newland Digital Technology Co ROCE % Chart

Newland Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.18

8.71

12.92

-5.40

17.96

Newland Digital Technology 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															22.40	17.25	17.86	14.69	17.55

Newland Digital Technology Co ROCE % Calculation

Newland Digital 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 )
	=	1145.387	/	( ( (11586.999 - 5710.313)	+	(13199.752 - 6320.845) )	/ 2 )
	=	1145.387	/	( (5876.686	+	6878.907)	/ 2 )
	=	1145.387	/	6377.7965
	=	17.96 %

Newland Digital 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 )
	=	1231.2	/	( ( (13199.752 - 6320.845)	+	(12262.413 - 5106.951) )	/ 2 )
	=	1231.2	/	( ( 6878.907	+	7155.462 )	/ 2 )
	=	1231.2	/	7017.1845
	=	17.55 %

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

Newland Digital Technology Co (SZSE:000997) 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.

Newland Digital Technology Co ROCE % Related Terms

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Newland Digital Technology Co (SZSE:000997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Newland Digital Technology Co Ltd (SZSE:000997) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Rujiang West Road, New World Science and Technology Park, Mawei District, Fujian Province, Fuzhou, CHN, 350015

Website

http://www.newlandcomputer.com

Newland Digital Technology Co Ltd, formerly Fujian Newland Computer Co Ltd is an IT products and services provider in China. It provides solutions for barcode recognition, financial payment, mobile and other communications, traffic information and internet finance activities. The company offers barcode recognition technology, POS machines for electronic financial payment, intelligent transportation solutions, cloud computing and big data services, online to offline two-dimensional code marketing services and other solutions. In addition, it provides solutions which integrates software development, hardware manufacturing and system integration in the field of food safety.

Executives

Wang Jing	Director
Liu Qing Tao	Executives
Chen Ji Sheng	Supervisors
Lin Jian	Directors, executives
Lin Jian Ping	Securities Affairs Representative
Wang Xian Fu	Supervisors
Xu Cheng Jian	Supervisors
Hu Gang	Director
Lin Xue Jie	Director
Lin Zheng Rong	Supervisors
Qi Hong	Executives
Sun Ya Li	Directors, executives
Zhang Tie Jun	Director
Xu Zhi Ling	Executives
Chen Xiang Jie	Executives

Newland Digital Technology Co (SZSE:000997) Headlines

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