Fujian Zhangzhou Development Co (SZSE:000753) ROCE % : 5.48% (As of Mar. 2024)

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What is Fujian Zhangzhou Development 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. Fujian Zhangzhou Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.48%.

Fujian Zhangzhou Development Co ROCE % Historical Data

The historical data trend for Fujian Zhangzhou Development 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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Fujian Zhangzhou Development Co ROCE % Chart

Fujian Zhangzhou Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.70

6.84

7.40

5.55

5.14

Fujian Zhangzhou Development 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															5.75	6.32	5.20	3.01	5.48

Fujian Zhangzhou Development Co ROCE % Calculation

Fujian Zhangzhou Development 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 )
	=	288.584	/	( ( (8949.808 - 3626.495)	+	(9980.994 - 4084.41) )	/ 2 )
	=	288.584	/	( (5323.313	+	5896.584)	/ 2 )
	=	288.584	/	5609.9485
	=	5.14 %

Fujian Zhangzhou Development 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 )
	=	325.516	/	( ( (9980.994 - 4084.41)	+	(10053.817 - 4063.736) )	/ 2 )
	=	325.516	/	( ( 5896.584	+	5990.081 )	/ 2 )
	=	325.516	/	5943.3325
	=	5.48 %

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

Fujian Zhangzhou Development Co (SZSE:000753) 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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Fujian Zhangzhou Development Co (SZSE:000753) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fujian Zhangzhou Development Co Ltd (SZSE:000753) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenli East Road, Zhangzhou Development Square, Fujian Province, Zhangzhou, CHN, 363000

Website

http://www.zzdc.com.cn

Fujian Zhangzhou Development Co Ltd is engaged in the automobile trading business in China. Further, it is engaged in urban water supply services, construction of urban infrastructure, investment, and development of highways, real estate development, and automotive trade in China's domestic market.

Executives

Huang Jian Peng	Director
Han Jin Peng	Secretary, Director
Xu Hao Rong	Executives
Wang Xiao Yi	Supervisors
Zhuang Zong Ming	Director

Fujian Zhangzhou Development Co (SZSE:000753) Headlines

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