Montnets Cloud Technology Group Co (SZSE:002123) ROCE % : 5.29% (As of Mar. 2024)

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What is Montnets Cloud Technology Group 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. Montnets Cloud Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.29%.

Montnets Cloud Technology Group Co ROCE % Historical Data

The historical data trend for Montnets Cloud Technology Group 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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Montnets Cloud Technology Group Co ROCE % Chart

Montnets Cloud Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.87

3.26

-4.51

-17.04

-64.79

Montnets Cloud Technology Group 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															2.98	4.63	-2.08	-266.62	5.29

Montnets Cloud Technology Group Co ROCE % Calculation

Montnets Cloud Technology Group 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 )
	=	-1777.001	/	( ( (6287.069 - 2638.64)	+	(4349.652 - 2512.25) )	/ 2 )
	=	-1777.001	/	( (3648.429	+	1837.402)	/ 2 )
	=	-1777.001	/	2742.9155
	=	-64.79 %

Montnets Cloud Technology Group 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 )
	=	97.456	/	( ( (4349.652 - 2512.25)	+	(3775.216 - 1926.661) )	/ 2 )
	=	97.456	/	( ( 1837.402	+	1848.555 )	/ 2 )
	=	97.456	/	1842.9785
	=	5.29 %

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

Montnets Cloud Technology Group Co (SZSE:002123) 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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Montnets Cloud Technology Group Co (SZSE:002123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Montnets Cloud Technology Group Co Ltd (SZSE:002123) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

High-tech Middle Road, Longtaili Building, No. 30, Nanshan District, Shenzhen, CHN

Website

https://www.montnets.com

Montnets Cloud Technology Group Co Ltd is a cloud communication service provider in China. The company has constructed four-in-one enterprise cloud communication service ecosystem, namely IM cloud, MVaaS, Terminal cloud, IoT cloud to provide comprehensive cloud communication services for enterprises.

Executives

Tian Fei Chong	Directors, executives
Yu Wen Sheng	Director
Wen Li	Executives
Li Ju Chun	Executives
Jin Yong	Executives
Zhu Wen Wen	Directors, executives
Huang Yong Gang	Directors, executives
Li Ji Wen	Directors, executives
Shi Yong Qi	Supervisors
Zuo Qiang	Directors, executives
Chen Xin	Directors, executives
Zhao Dian Bo	Directors, executives
Wang Dai Yan	Executives
Ma Cheng Jia	Director
Jiao Dong Liang	Executives

Montnets Cloud Technology Group Co (SZSE:002123) Headlines

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