Zengame Technology Holding (HKSE:02660) ROCE % : 38.80% (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Zengame Technology Holding 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. Zengame Technology Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 38.80%.

Zengame Technology Holding ROCE % Historical Data

The historical data trend for Zengame Technology Holding'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.

* Premium members only.

Zengame Technology Holding ROCE % Chart

Zengame Technology Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

40.88

34.77

59.25

48.20

42.32

Zengame Technology Holding Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									78.47	36.57	60.66	48.42	38.80

Zengame Technology Holding ROCE % Calculation

Zengame Technology Holding'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 )
	=	966.547	/	( ( (2289.998 - 293.358)	+	(2888.112 - 317.332) )	/ 2 )
	=	966.547	/	( (1996.64	+	2570.78)	/ 2 )
	=	966.547	/	2283.71
	=	42.32 %

Zengame Technology Holding's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	921.7	/	( ( (2688.751 - 508.06)	+	(2888.112 - 317.332) )	/ 2 )
	=	921.7	/	( ( 2180.691	+	2570.78 )	/ 2 )
	=	921.7	/	2375.7355
	=	38.80 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Zengame Technology Holding (HKSE:02660) 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.

Zengame Technology Holding ROCE % Related Terms

Thank you for viewing the detailed overview of Zengame Technology Holding's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zengame Technology Holding (HKSE:02660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Zengame Technology Holding Ltd (HKSE:02660) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keji South 12 Road, Rooms 1304-06, Changhong Science and Technology Mansion, Science and Technology Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.zen-game.com

Zengame Technology Holding Ltd is a mobile game developer. The company operates self-developed and third-party-developed games. The company's games include card games, board games, other casual games, and hardcore games, including Fight the Landlord, Sichuan Mahjong, Hunan Run Fast, Tiantian Love Chinese Chess, Happy Mengmengxiao and Kuaishou Fishing. It is also engaged in the investment business.

Zengame Technology Holding (HKSE:02660) Headlines

No Headlines