Zhongshen Jianye Holding (HKSE:02503) ROCE % : 1.86% (As of Jun. 2024)

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What is Zhongshen Jianye 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. Zhongshen Jianye Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.86%.

Zhongshen Jianye Holding ROCE % Historical Data

The historical data trend for Zhongshen Jianye 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.

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Zhongshen Jianye Holding ROCE % Chart

Zhongshen Jianye Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

19.43

33.53

16.20

13.28

Zhongshen Jianye Holding Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-6.40	26.40	9.89	17.40	1.86

Zhongshen Jianye Holding ROCE % Calculation

Zhongshen Jianye 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 )
	=	53.281	/	( ( (1685.354 - 1318.836)	+	(1840.519 - 1404.326) )	/ 2 )
	=	53.281	/	( (366.518	+	436.193)	/ 2 )
	=	53.281	/	401.3555
	=	13.28 %

Zhongshen Jianye 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 )
	=	9.038	/	( ( (1840.519 - 1404.326)	+	(1652.869 - 1115.459) )	/ 2 )
	=	9.038	/	( ( 436.193	+	537.41 )	/ 2 )
	=	9.038	/	486.8015
	=	1.86 %

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

Zhongshen Jianye Holding (HKSE:02503) 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.

Zhongshen Jianye Holding ROCE % Related Terms

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Zhongshen Jianye Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhongshen Jianye Holding Ltd (HKSE:02503) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

the southeast side of the intersection of Guangming Avenue and Dongchang Road, Nos. 615–616, Block 2, Nam Tai Inno Park, Guangming, Guangdong, Shenzhen, CHN

Website

Zhongshen Jianye Holding Ltd is a growing private general contracting construction enterprise in the PRC and has been granted first-grade construction contracting qualifications, including the first-grade qualification in building construction general contracting; the first-grade qualification in municipal and public construction general construction; the first-grade qualification in foundation construction specialized contracting; the first-grade qualification in building electrical & mechanical installation and engineering specialized contracting; and the first-grade qualification in building renovation and decoration construction specialized contracting. It has strategically focused and placed efforts on municipal and public construction works in Guangdong.

Executives

Sang Xianfeng	2201 Interest of corporation controlled by you
Zhong Shen Heng Tai Zi Ben You Xian Gong Si	2101 Beneficial owner
Jin Wei	2202 Interest of your spouse
Xian Yurong	2201 Interest of corporation controlled by you
Zhong Shen Chi Tai Zi Ben You Xian Gong Si	2101 Beneficial owner
Hou Ling	2201 Interest of corporation controlled by you
Wang Jing	2202 Interest of your spouse
Xin Yao Tou Zi You Xian Gong Si	2101 Beneficial owner

Zhongshen Jianye Holding Headlines

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