Costar Group Co (SZSE:002189) ROCE % : -2.10% (As of Mar. 2024)

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What is Costar 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. Costar Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.10%.

Costar Group Co ROCE % Historical Data

The historical data trend for Costar 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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Costar Group Co ROCE % Chart

Costar Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.44

9.77

10.66

-9.90

-20.01

Costar 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															-17.17	-5.19	-10.36	-47.89	-2.10

Costar Group Co ROCE % Calculation

Costar 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 )
	=	-273.889	/	( ( (3638.178 - 2126.114)	+	(3131.68 - 1905.798) )	/ 2 )
	=	-273.889	/	( (1512.064	+	1225.882)	/ 2 )
	=	-273.889	/	1368.973
	=	-20.01 %

Costar 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 )
	=	-25.612	/	( ( (3131.68 - 1905.798)	+	(3076.993 - 1864.371) )	/ 2 )
	=	-25.612	/	( ( 1225.882	+	1212.622 )	/ 2 )
	=	-25.612	/	1219.252
	=	-2.10 %

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

Costar Group Co (SZSE:002189) 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.

Costar Group Co ROCE % Related Terms

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Costar Group Co (SZSE:002189) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Costar Group Co Ltd (SZSE:002189) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 254, Zhongzhou road, Henan, Nanyang, CHN

Website

http://www.cccme.org.cn

Costar Group Co Ltd is an optical manufacturer based in China. The company primarily focuses on the developing, manufacturing, sale of an optical component, optical coating product, lens assembly, light engine, optical auxiliary material and optical instrument. Its products are mainly used in a digital projector, large screen projection, digital camera, digital optical disc and high precision optical system. The company's products are exported to Japan, the United States of America, Germany, South Korea, Hong Kong and Taiwan.

Executives

Wang Shi Xian	Executives
Wang Teng Jiao	Independent director
Xiao Lian Feng	Director
Yang Tai Li	Supervisors
Wang Lin	Independent director

Costar Group Co (SZSE:002189) Headlines

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