Zhixin Group Holding (HKSE:02187) ROCE % : 3.11% (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Zhixin Group Holding 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. Zhixin Group Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.11%.

Zhixin Group Holding ROCE % Historical Data

The historical data trend for Zhixin Group Holding'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.

* Premium members only.

Zhixin Group Holding ROCE % Chart

Zhixin Group Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

47.45

41.39

11.59

1.75

4.65

Zhixin Group Holding Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial							2.83	0.91	7.08	2.40	3.11

Zhixin Group Holding ROCE % Calculation

Zhixin Group Holding'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 )
	=	32.76	/	( ( (1546.76 - 831.579)	+	(1479.059 - 784.819) )	/ 2 )
	=	32.76	/	( (715.181	+	694.24)	/ 2 )
	=	32.76	/	704.7105
	=	4.65 %

Zhixin Group Holding'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 )
	=	21.334	/	( ( (1479.059 - 784.819)	+	(1367.907 - 690.859) )	/ 2 )
	=	21.334	/	( ( 694.24	+	677.048 )	/ 2 )
	=	21.334	/	685.644
	=	3.11 %

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

Zhixin Group Holding (HKSE:02187) 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.

Zhixin Group Holding ROCE % Related Terms

Thank you for viewing the detailed overview of Zhixin Group Holding's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhixin Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Zhixin Group Holding Ltd (HKSE:02187) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1.No. 55, Guankou Avenue, Jimei District, Fujian Province, Xiamen, CHN

Website

http://www.xiamenzhixin.com

Zhixin Group Holding Ltd is a manufacturer and supplier of concrete-based building materials. The principal products of the company are ready-mixed concrete and precast concrete components. In addition, the Group is also engaged in solid waste processing and sales of eco-friendly construction materials. The company's operating segments are (i) Ready-mixed concrete, (ii) Precast concrete components, and (iii) Tailings recycling and bricks. The majority of revenue is from the Ready-mixed concrete segment.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Yeung Man	2101 Beneficial owner
Lai Yiyang	2101 Beneficial owner
Hong Wei	2202 Interest of your spouse
Ye Zhijie	2201 Interest of corporation controlled by you
Zhixin Investment Holding Limited	2101 Beneficial owner
Huang Wengui	2201 Interest of corporation controlled by you
Lin Lingling	2202 Interest of your spouse
Yaohe Holding Limited	2101 Beneficial owner

Zhixin Group Holding Headlines

No Headlines