Zhuzhou CRRC Times Electric Co (FRA:ZTX) ROCE % : 8.18% (As of Jun. 2024)

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What is Zhuzhou CRRC Times Electric 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. Zhuzhou CRRC Times Electric Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.18%.

Zhuzhou CRRC Times Electric Co ROCE % Historical Data

The historical data trend for Zhuzhou CRRC Times Electric 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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Zhuzhou CRRC Times Electric Co ROCE % Chart

Zhuzhou CRRC Times Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.20

11.39

7.33

8.15

8.65

Zhuzhou CRRC Times Electric Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															5.78	10.66	6.54	11.15	8.18

Zhuzhou CRRC Times Electric Co ROCE % Calculation

Zhuzhou CRRC Times Electric 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 )
	=	437.525	/	( ( (6568.415 - 1584.492)	+	(6858.666 - 1725.061) )	/ 2 )
	=	437.525	/	( (4983.923	+	5133.605)	/ 2 )
	=	437.525	/	5058.764
	=	8.65 %

Zhuzhou CRRC Times Electric 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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	444.004	/	( ( (6858.666 - 1725.061)	+	(7931.233 - 2215.592) )	/ 2 )
	=	444.004	/	( ( 5133.605	+	5715.641 )	/ 2 )
	=	444.004	/	5424.623
	=	8.18 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Zhuzhou CRRC Times Electric Co (FRA:ZTX) 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.

Zhuzhou CRRC Times Electric Co ROCE % Related Terms

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Zhuzhou CRRC Times Electric Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhuzhou CRRC Times Electric Co Ltd (FRA:ZTX) » Definitions » ROCE %

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03898:Hong Kong 688187:China

Address

No. 169 Times Road, Shifeng District, Hunan Province, Zhuzhou, CHN, 412001

Website

https://www.tec.crrczic.cc

Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, and communication signal systems. Meanwhile, the Company actively expands to industries other than rail transit, and conducts business in the fields of power semiconductor devices, industrial converter products, electric drive systems for new energy vehicles, sensor devices, and marine equipment, The Company operates in the domestic market and overseas markets.

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