Zhejiang Shibao Co (HKSE:01057) ROCE % : 10.15% (As of Sep. 2024)

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What is Zhejiang Shibao 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. Zhejiang Shibao Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.15%.

Zhejiang Shibao Co ROCE % Historical Data

The historical data trend for Zhejiang Shibao 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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Zhejiang Shibao Co ROCE % Chart

Zhejiang Shibao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.60

3.09

2.37

1.60

6.07

Zhejiang Shibao Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.91	12.02	6.32	10.29	10.15

Zhejiang Shibao Co ROCE % Calculation

Zhejiang Shibao 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 )
	=	99.837	/	( ( (2668.371 - 1048.445)	+	(2899.257 - 1228.57) )	/ 2 )
	=	99.837	/	( (1619.926	+	1670.687)	/ 2 )
	=	99.837	/	1645.3065
	=	6.07 %

Zhejiang Shibao Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	212.828	/	( ( (2978.611 - 921.524)	+	(3275.41 - 1139.497) )	/ 2 )
	=	212.828	/	( ( 2057.087	+	2135.913 )	/ 2 )
	=	212.828	/	2096.5
	=	10.15 %

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

Zhejiang Shibao Co (HKSE:01057) 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.

Zhejiang Shibao Co ROCE % Related Terms

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Zhejiang Shibao Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Shibao Co Ltd (HKSE:01057) » Definitions » ROCE %

Traded in Other Exchanges

ZHHJY:USA W4K1:Germany 002703:China

Address

228 Queen’s Road East, Unit C, 5th Floor, Jonsim Place, Wanchai, Hong Kong, HKG

Website

http://www.zjshibao.com

Zhejiang Shibao Co Ltd is into the research and development of automotive steering gear products and is mainly engaged in the development, design, manufacture, and sales of automotive steering gears and other key components and parts of the steering system. Company have five production sites in Hangzhou, Yiwu, Siping and Wuhu, as well as a group research institute in Hangzhou and an automotive intelligent technology research and development center in Beijing. The Company is capable to provide all kinds of steering products for commercial cars, passenger cars and new energy cars. The company derives a majority of its revenue domestically from China.

Executives

Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you

Zhejiang Shibao Co Headlines

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