Zhongtian Construction (Hunan) Group (HKSE:02433) ROCE % : 0.00% (As of Jun. 2023)

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What is Zhongtian Construction (Hunan) Group 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. Zhongtian Construction (Hunan) Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Zhongtian Construction (Hunan) Group ROCE % Historical Data

The historical data trend for Zhongtian Construction (Hunan) Group'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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Zhongtian Construction (Hunan) Group ROCE % Chart

Zhongtian Construction (Hunan) Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

37.98

32.29

29.12

23.67

13.61

Zhongtian Construction (Hunan) Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-	38.45	19.56	-	-

Zhongtian Construction (Hunan) Group ROCE % Calculation

Zhongtian Construction (Hunan) Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	90.609	/	( ( (2306.473 - 1946.274)	+	(1974.064 - 1568.522) )	/ 2 )
	=	90.609	/	( (360.199	+	405.542)	/ 2 )
	=	90.609	/	382.8705
	=	23.67 %

Zhongtian Construction (Hunan) Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0	/	( ( (1974.064 - 1568.522)	+	(2089.996 - 1556.385) )	/ 2 )
	=	0	/	( ( 405.542	+	533.611 )	/ 2 )
	=	0	/	469.5765
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

Zhongtian Construction (Hunan) Group (HKSE:02433) 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.

Zhongtian Construction (Hunan) Group ROCE % Related Terms

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Zhongtian Construction (Hunan) Group (HKSE:02433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhongtian Construction (Hunan) Group Ltd (HKSE:02433) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1197, East Xinhua Road, Hetang District, Hunan Province, Zhuzhou, CHN, 412008

Website

http://www.ztcon.com

Zhongtian Construction (Hunan) Group Ltd is engaged in general contracting construction in the PRC.

Executives

Zt (a) Limited	2101 Beneficial owner
Zt (m) Limited	2101 Beneficial owner

Zhongtian Construction (Hunan) Group (HKSE:02433) Headlines

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