Zhejiang Chang'an Renheng Technology Co (HKSE:08139) ROCE % : 0.00% (As of Jun. 2024)

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What is Zhejiang Chang'an Renheng Technology 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 Chang'an Renheng Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Zhejiang Chang'an Renheng Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Chang'an Renheng Technology 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 Chang'an Renheng Technology Co ROCE % Chart

Zhejiang Chang'an Renheng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.37

6.43

12.24

5.95

6.48

Zhejiang Chang'an Renheng Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															4.85	13.88	9.65	-6.89	-

Zhejiang Chang'an Renheng Technology Co ROCE % Calculation

Zhejiang Chang'an Renheng Technology 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 )
	=	10.353	/	( ( (310.616 - 148.015)	+	(320.312 - 163.317) )	/ 2 )
	=	10.353	/	( (162.601	+	156.995)	/ 2 )
	=	10.353	/	159.798
	=	6.48 %

Zhejiang Chang'an Renheng Technology Co'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 )
	=	0	/	( ( (320.312 - 163.317)	+	(332.548 - 174.881) )	/ 2 )
	=	0	/	( ( 156.995	+	157.667 )	/ 2 )
	=	0	/	157.331
	=	0.00 %

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

Zhejiang Chang'an Renheng Technology Co (HKSE:08139) 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 Chang'an Renheng Technology Co ROCE % Related Terms

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Zhejiang Chang'an Renheng Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Chang'an Renheng Technology Co Ltd (HKSE:08139) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Laoya Tang, Si’an Town, Zhejiang Province, Changxing, CHN

Website

http://www.renheng.com

Zhejiang Chang'an Renheng Technology Co Ltd is principally engaged in the business of development, production, and sale of bentonite fine chemicals in China. It uses bentonite as its basic raw material to manufacture paper chemicals, organic bentonite, inorganic gel, bentonite for metallurgy pellets, quality calcium-bentonite, and other products. The majority of its revenue comes from the papermaking chemicals series.

Executives

Zhang Youlian	2101 Beneficial owner
Yu Hua	2101 Beneficial owner

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