Shenzhen Zecheng Electronics Co (BJSE:837821) ROCE % : 5.02% (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Shenzhen Zecheng Electronics 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. Shenzhen Zecheng Electronics Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.02%.

Shenzhen Zecheng Electronics Co ROCE % Historical Data

The historical data trend for Shenzhen Zecheng Electronics 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.

* Premium members only.

Shenzhen Zecheng Electronics Co ROCE % Chart

Shenzhen Zecheng Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

23.66

16.76

11.38

7.01

5.17

Shenzhen Zecheng Electronics Co Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															2.69	8.75	4.15	3.04	5.02

Shenzhen Zecheng Electronics Co ROCE % Calculation

Shenzhen Zecheng Electronics 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 )
	=	29.062	/	( ( (776.079 - 213.558)	+	(730.944 - 168.833) )	/ 2 )
	=	29.062	/	( (562.521	+	562.111)	/ 2 )
	=	29.062	/	562.316
	=	5.17 %

Shenzhen Zecheng Electronics Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	27.92	/	( ( (722.21 - 162.634)	+	(735.454 - 182.112) )	/ 2 )
	=	27.92	/	( ( 559.576	+	553.342 )	/ 2 )
	=	27.92	/	556.459
	=	5.02 %

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

Shenzhen Zecheng Electronics Co (BJSE:837821) 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.

Shenzhen Zecheng Electronics Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shenzhen Zecheng Electronics Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Zecheng Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Zecheng Electronics Co Ltd (BJSE:837821) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48, Kangzheng Road, Danzhutou Community, Nanwan Street, Floors 301 and 4, Building 5 and 6, Longgang District, Guangdong, Shenzhen, CHN, 518114

Website

https://www.intflex.cn

Shenzhen Zecheng Electronics Co Ltd is engaged in the research and development, production, and sales of customized intelligent control module products based on flexible applications. It has three basic businesses of smart module modules, electronic assembly, and circuit boards. Its product offering comprises Automobile EPS steering gear module, Automobile EPS steering gear module, Car rear camera module, Automotive interior lighting module, Series Eye Treatment Apparatus, Braces pressure tester, Spirometer, VR and touch module, Headphone smart touch module, Biological fingerprint recognition and sensor module, Biological fingerprint recognition and sensor module, Communication module AX series, among others.

Shenzhen Zecheng Electronics Co Headlines

No Headlines