Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) ROCE % : 4.98% (As of Mar. 2024)

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What is Xuzhou Zm-Besta Heavy Steel Structure 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. Xuzhou Zm-Besta Heavy Steel Structure Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.98%.

Xuzhou Zm-Besta Heavy Steel Structure Co ROCE % Historical Data

The historical data trend for Xuzhou Zm-Besta Heavy Steel Structure 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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Xuzhou Zm-Besta Heavy Steel Structure Co ROCE % Chart

Xuzhou Zm-Besta Heavy Steel Structure Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.08

18.79

13.95

11.00

7.60

Xuzhou Zm-Besta Heavy Steel Structure Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.91	7.04	6.17	5.33	4.98

Xuzhou Zm-Besta Heavy Steel Structure Co ROCE % Calculation

Xuzhou Zm-Besta Heavy Steel Structure 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 )
	=	57.638	/	( ( (1444.164 - 771.242)	+	(1593.007 - 748.523) )	/ 2 )
	=	57.638	/	( (672.922	+	844.484)	/ 2 )
	=	57.638	/	758.703
	=	7.60 %

Xuzhou Zm-Besta Heavy Steel Structure 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 )
	=	41.8	/	( ( (1593.007 - 748.523)	+	(1575.783 - 742.132) )	/ 2 )
	=	41.8	/	( ( 844.484	+	833.651 )	/ 2 )
	=	41.8	/	839.0675
	=	4.98 %

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

Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) 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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Xuzhou Zm-Besta Heavy Steel Structure Co (BJSE:835857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Xuzhou Zm-Besta Heavy Steel Structure Co Ltd (BJSE:835857) » Definitions » ROCE %

Traded in Other Exchanges

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Address

North of Huanghe Road and west of Beizong 1st Road, In the Third Industrial Park, Tongshan New District, Jiangsu Province, Xuzhou City, CHN, 221116

Website

http://www.zmbesta.com

Xuzhou Zm-Besta Heavy Steel Structure Co Ltd engages in the manufacture and processing of steel structure products such as heavy steel structures, light steel structures, steel grid frames, steel trusses, non-standard equipment, PC components, and lightweight high-strength new interior and exterior wall panels for prefabricated steel structure buildings, and provide customers with integrated solutions for industrial steel structure buildings and prefabricated steel structure.

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