Market Cap : 1.47 M | Enterprise Value : 1.47 M | PE Ratio : At Loss | PB Ratio : |
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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. Shenzhen-ZhongRong Morgan Investment Holding Group Co's annualized ROCE % for the quarter that ended in Mar. 2017 was 0.00%.
The historical data trend for Shenzhen-ZhongRong Morgan Investment Holding 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.
Shenzhen-ZhongRong Morgan Investment Holding Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2016 ) | (A: Dec. 2015 ) | (A: Dec. 2016 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2016 ) | (A: Dec. 2015 ) | (A: Dec. 2016 ) | |||||
= | -0.004 | / | ( ( (0.001 - 0.002) | + | (0 - 0.005) ) | / 2 ) | |
= | -0.004 | / | ( (-0.001 | + | -0.005) | / 2 ) | |
= | -0.004 | / | -0.003 | ||||
= | 133.33 % |
Shenzhen-ZhongRong Morgan Investment Holding Group Co's ROCE % of for the quarter that ended in Mar. 2017 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2017 ) | (Q: Dec. 2016 ) | (Q: Mar. 2017 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2017 ) | (Q: Dec. 2016 ) | (Q: Mar. 2017 ) | |||||
= | 0 | / | ( ( (0 - 0.005) | + | (0 - 0.005) ) | / 2 ) | |
= | 0 | / | ( ( -0.005 | + | -0.005 ) | / 2 ) | |
= | 0 | / | -0.005 | ||||
= | 0 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.
* 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.
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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