Zhong An Group (FRA:35Z) ROCE % : 2.25% (As of Dec. 2023)

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What is Zhong An Group 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. Zhong An Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.25%.

Zhong An Group ROCE % Historical Data

The historical data trend for Zhong An Group'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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Zhong An Group ROCE % Chart

Zhong An Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.33

9.30

1.86

5.90

2.66

Zhong An Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															0.81	9.13	2.21	2.99	2.25

Zhong An Group ROCE % Calculation

Zhong An Group'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 )
	=	74.523	/	( ( (8001.983 - 4941.954)	+	(6237.707 - 3690.096) )	/ 2 )
	=	74.523	/	( (3060.029	+	2547.611)	/ 2 )
	=	74.523	/	2803.82
	=	2.66 %

Zhong An Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	60.8	/	( ( (7520.873 - 4666.391)	+	(6237.707 - 3690.096) )	/ 2 )
	=	60.8	/	( ( 2854.482	+	2547.611 )	/ 2 )
	=	60.8	/	2701.0465
	=	2.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Zhong An Group (FRA:35Z) 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.

Zhong An Group ROCE % Related Terms

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Zhong An Group (FRA:35Z) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong An Group Ltd (FRA:35Z) » Definitions » ROCE %

Traded in Other Exchanges

00672:Hong Kong

Address

No. 996, Xiaoshao Road, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311201

Website

http://www.zafc.com

Zhong An Group Ltd is an investment holding. The principal activities of the group are property development, leasing and hotel operations. The operating segments of the group are the Residential segment which develops and sells residential properties, and provides property management services, project management services and other services to residential properties in Mainland China and Canada; and the Commercial segment which develops and sells commercial properties, leases investment properties, owns and operates hotels and provides property management services, project management services and other services to commercial properties in Mainland China, Japan and United Kingdom.

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