Zhonggan Communication (Group) Holdings (HKSE:02545) ROCE % : 25.37% (As of Jun. 2024)

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What is Zhonggan Communication (Group) Holdings 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. Zhonggan Communication (Group) Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 25.37%.

Zhonggan Communication (Group) Holdings ROCE % Historical Data

The historical data trend for Zhonggan Communication (Group) Holdings'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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Zhonggan Communication (Group) Holdings ROCE % Chart

Zhonggan Communication (Group) Holdings Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

41.06

32.98

53.63

Zhonggan Communication (Group) Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	31.56	86.36	25.37

Zhonggan Communication (Group) Holdings ROCE % Calculation

Zhonggan Communication (Group) Holdings'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 )
	=	94.822	/	( ( (1155.258 - 944.005)	+	(1270.264 - 1127.872) )	/ 2 )
	=	94.822	/	( (211.253	+	142.392)	/ 2 )
	=	94.822	/	176.8225
	=	53.63 %

Zhonggan Communication (Group) Holdings'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 )
	=	55.802	/	( ( (1270.264 - 1127.872)	+	(1277.611 - 980.058) )	/ 2 )
	=	55.802	/	( ( 142.392	+	297.553 )	/ 2 )
	=	55.802	/	219.9725
	=	25.37 %

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

Zhonggan Communication (Group) Holdings (HKSE:02545) 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.

Zhonggan Communication (Group) Holdings ROCE % Related Terms

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Zhonggan Communication (Group) Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhonggan Communication (Group) Holdings Ltd (HKSE:02545) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2799 Tianxiang Avenue, Room 101, Block 99, Nanchang Jiahai Industrial Park, Jiangxi Province, Nanchang High-tech Industrial Development Zone, Nanchang, CHN

Website

http://www.gantongjt.com

Zhonggan Communication (Group) Holdings Ltd is a integrated service provider and software developer in China. It focuses on the provision of Telecommunications Infrastructure Services and Digitalisation Solution Services. Telecommunications Infrastructure Services comprises of infrastructure Construction Services and Infrastructure Maintenance Services. Digitalisation Solution Services comprise of Integrated Solution Services, System Maintenance Services and - Software Solution Services. Key revenue is generated from Telecommunications Infrastructure Services.

Executives

Gt & Yangtze Limited	2101 Beneficial owner
Liu Haoqiong	2201 Interest of corporation controlled by you
Tao Xiulan	2201 Interest of corporation controlled by you
Liu Dingyi	2201 Interest of corporation controlled by you
Octuple Hills Limited	2101 Beneficial owner
Huat Huat Limited	2101 Beneficial owner
Liu Dingli	2201 Interest of corporation controlled by you

Zhonggan Communication (Group) Holdings Headlines

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