Zhongshe Engineering Consulting (Chongqing) Co (BJSE:833873) ROCE % : -26.47% (As of Sep. 2024)

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What is Zhongshe Engineering Consulting (Chongqing) 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. Zhongshe Engineering Consulting (Chongqing) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -26.47%.

Zhongshe Engineering Consulting (Chongqing) Co ROCE % Historical Data

The historical data trend for Zhongshe Engineering Consulting (Chongqing) 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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Zhongshe Engineering Consulting (Chongqing) Co ROCE % Chart

Zhongshe Engineering Consulting (Chongqing) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.49

11.00

8.44

-7.66

-2.15

Zhongshe Engineering Consulting (Chongqing) Co Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.04	6.33	-14.14	-26.96	-26.47

Zhongshe Engineering Consulting (Chongqing) Co ROCE % Calculation

Zhongshe Engineering Consulting (Chongqing) 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 )
	=	-9.246	/	( ( (525.245 - 93.069)	+	(542.687 - 114.102) )	/ 2 )
	=	-9.246	/	( (432.176	+	428.585)	/ 2 )
	=	-9.246	/	430.3805
	=	-2.15 %

Zhongshe Engineering Consulting (Chongqing) Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-99.528	/	( ( (483.008 - 94.97)	+	(457.976 - 94.056) )	/ 2 )
	=	-99.528	/	( ( 388.038	+	363.92 )	/ 2 )
	=	-99.528	/	375.979
	=	-26.47 %

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

Zhongshe Engineering Consulting (Chongqing) Co (BJSE:833873) 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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Zhongshe Engineering Consulting (Chongqing) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhongshe Engineering Consulting (Chongqing) Co Ltd (BJSE:833873) » Definitions » ROCE %

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Address

No. 2, Gang'an 2nd Road,, 3-1, Building 2, Jiangbei District, Chongqing, CHN, 400025

Website

http://www.zscbd.com

Zhongshe Engineering Consulting (Chongqing) Co Ltd engages in engineering consulting services. It offers engineering survey and design, engineering testing, and other related engineering consulting services.

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