ZYfire Hose (BJSE:871694) ROCE % : 7.52% (As of Mar. 2024)

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What is ZYfire Hose 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. ZYfire Hose's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.52%.

ZYfire Hose ROCE % Historical Data

The historical data trend for ZYfire Hose'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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ZYfire Hose ROCE % Chart

ZYfire Hose Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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42.83

26.60

24.22

35.47

26.94

ZYfire Hose Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															38.31	20.53	27.72	21.63	7.52

ZYfire Hose ROCE % Calculation

ZYfire Hose'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 )
	=	149.757	/	( ( (628.04 - 277.384)	+	(1054.38 - 293.235) )	/ 2 )
	=	149.757	/	( (350.656	+	761.145)	/ 2 )
	=	149.757	/	555.9005
	=	26.94 %

ZYfire Hose'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 )
	=	57.868	/	( ( (1054.38 - 293.235)	+	(1079.63 - 301.725) )	/ 2 )
	=	57.868	/	( ( 761.145	+	777.905 )	/ 2 )
	=	57.868	/	769.525
	=	7.52 %

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

ZYfire Hose (BJSE:871694) 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.

ZYfire Hose ROCE % Related Terms

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ZYfire Hose (BJSE:871694) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ZYfire Hose Corp (BJSE:871694) » Definitions » ROCE %

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N/A

Address

No. 88, Kaiyang Road, Jiangyan Economic Development Zone, Jiangsu Province, Taizhou, CHN, 225500

Website

https://www.zyfire.com

ZYfire Hose Corp is engaged in the production and sales of polymer material hoses for fluid transmission.

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