ZTO Express (Cayman) (HKSE:02057) ROCE % : 22.26% (As of Dec. 2024)

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What is ZTO Express (Cayman) 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. ZTO Express (Cayman)'s annualized ROCE % for the quarter that ended in Dec. 2024 was 22.26%.

ZTO Express (Cayman) ROCE % Historical Data

The historical data trend for ZTO Express (Cayman)'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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ZTO Express (Cayman) ROCE % Chart

ZTO Express (Cayman) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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11.70

11.97

14.53

16.66

17.91

ZTO Express (Cayman) Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															17.49	12.29	19.91	18.39	22.26

ZTO Express (Cayman) ROCE % Calculation

ZTO Express (Cayman)'s annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	12826.441	/	( ( (96761.391 - 21942.499)	+	(98589.191 - 30186.543) )	/ 2 )
	=	12826.441	/	( (74818.892	+	68402.648)	/ 2 )
	=	12826.441	/	71610.77
	=	17.91 %

ZTO Express (Cayman)'s ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	15216.548	/	( ( (102749.629 - 34443.784)	+	(98589.191 - 30186.543) )	/ 2 )
	=	15216.548	/	( ( 68305.845	+	68402.648 )	/ 2 )
	=	15216.548	/	68354.2465
	=	22.26 %

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

ZTO Express (Cayman) (HKSE:02057) 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.

ZTO Express (Cayman) ROCE % Related Terms

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ZTO Express (Cayman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (HKSE:02057) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZTO:USA ZTO N:Mexico 0A33:UK ZTOA:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

https://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.

Executives

Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Scts Capital Pte. Ltd.	2306 Nominee for another person
Standard Chartered Trust (singapore) Limited	2301 Trustee
Zto Wjl Holding Limited	2101 Beneficial owner
Wjl Holding Limited	2201 Interest of corporation controlled by you
Wang Jilei	2101 Beneficial owner
Invesco Advisers, Inc.	2102 Investment manager
Invesco Developing Markets Fund	2106 Person having a security interest in shares
Ljfa Holding Limited	2201 Interest of corporation controlled by you
Zto Ljf Holding Limited	2101 Beneficial owner
Lai Jianfa	2501 Other
Taobao China Holding Limited	2201 Interest of corporation controlled by you
Taobao Holding Limited	2201 Interest of corporation controlled by you
Alibaba Zt Investment Limited	2101 Beneficial owner

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