Beijing Shiji Information Technology Co (SZSE:002153) ROCE % : 0.73% (As of Mar. 2024)

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What is Beijing Shiji 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. Beijing Shiji Information Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.73%.

Beijing Shiji Information Technology Co ROCE % Historical Data

The historical data trend for Beijing Shiji 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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Beijing Shiji Information Technology Co ROCE % Chart

Beijing Shiji Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.43

0.70

-3.82

-8.29

-0.18

Beijing Shiji Information 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															0.58	1.46	0.73	-3.49	0.73

Beijing Shiji Information Technology Co ROCE % Calculation

Beijing Shiji 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 )
	=	-14.659	/	( ( (9591.087 - 1338.633)	+	(9692.401 - 1476.836) )	/ 2 )
	=	-14.659	/	( (8252.454	+	8215.565)	/ 2 )
	=	-14.659	/	8234.0095
	=	-0.18 %

Beijing Shiji 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 )
	=	59.952	/	( ( (9692.401 - 1476.836)	+	(9643.717 - 1393.941) )	/ 2 )
	=	59.952	/	( ( 8215.565	+	8249.776 )	/ 2 )
	=	59.952	/	8232.6705
	=	0.73 %

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

Beijing Shiji Information Technology Co (SZSE:002153) 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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Beijing Shiji Information Technology Co (SZSE:002153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Shiji Information Technology Co Ltd (SZSE:002153) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15F, Beijing INN, No.5 East Shui, Jing Hu Tong, Chao Yang Men Nei, Dongcheng District, Beijing, CHN, 100036

Website

http://www.shijigroup.com

Beijing Shiji Information Technology Co Ltd is an information technology company based in China. It is engaged in the development of software solutions serving mainly hotel, food and beverage, retail, and leisure and entertainment sectors. Shiji provides branded chain stores with complete management solutions and department store solutions which include investment management system, ERP, CRM, visual counter system, mobile POS and cloud platform. In addition, Shiji provides installation, certifications and after-sales service for a variety of hardware including servers, point of sale equipment and printers.

Executives

Li Dian Kun	Director
Zhao Wen Yu	Securities Affairs Representative
Yan Li Ming	Independent director
Guan Dong Yu	Executives
Wang Min Min	Executives

Beijing Shiji Information Technology Co (SZSE:002153) Headlines

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