Shanghai Baosight Software Co (SHSE:900926) ROCE % : 26.58% (As of Jun. 2024)

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What is Shanghai Baosight Software 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 Baosight Software Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 26.58%.

Shanghai Baosight Software Co ROCE % Historical Data

The historical data trend for Shanghai Baosight Software 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 Baosight Software Co ROCE % Chart

Shanghai Baosight Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.57

20.72

21.75

21.98

23.38

Shanghai Baosight Software Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															26.40	24.96	23.92	19.65	26.58

Shanghai Baosight Software Co ROCE % Calculation

Shanghai Baosight Software 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 )
	=	398.786	/	( ( (2808.645 - 1216.683)	+	(3064.716 - 1245.454) )	/ 2 )
	=	398.786	/	( (1591.962	+	1819.262)	/ 2 )
	=	398.786	/	1705.612
	=	23.38 %

Shanghai Baosight Software Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	480.344	/	( ( (3135.655 - 1202.872)	+	(2813.2 - 1131.568) )	/ 2 )
	=	480.344	/	( ( 1932.783	+	1681.632 )	/ 2 )
	=	480.344	/	1807.2075
	=	26.58 %

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

Shanghai Baosight Software Co (SHSE:900926) 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.

Shanghai Baosight Software Co ROCE % Related Terms

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Shanghai Baosight Software Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Baosight Software Co Ltd (SHSE:900926) » Definitions » ROCE %

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600845:China

Address

No. 515 Guoshoujing Road, Zhangjiang New and High-Technology Park, Pudong, Shanghai, CHN, 201203

Website

http://www.baosight.com

Shanghai Baosight Software Co Ltd is the IT software business unit of Baosteel. It offers products and services in sectors such as the iron and steel, transportation, service outsourcing, mining and extracting, nonferrous, and petrochemical industries. its product includes Metallurgical Industry Information System Architecture Integrating Intelligent, Robots, unmanned and other intelligent equipment, highly automated control software and systems, and agile, flexible, intelligent MOM solution.

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