ZW Data Action Technologies (LTS:0HXO) ROCE % : -61.28% (As of Sep. 2023)

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What is ZW Data Action Technologies 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. ZW Data Action Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -61.28%.

ZW Data Action Technologies ROCE % Historical Data

The historical data trend for ZW Data Action Technologies'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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ZW Data Action Technologies ROCE % Chart

ZW Data Action Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-113.32

-12.19

-47.15

-74.56

-47.64

ZW Data Action Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-36.80	-71.64	-39.66	-44.93	-61.28

ZW Data Action Technologies ROCE % Calculation

ZW Data Action Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-8.996	/	( ( (32.631 - 8.821)	+	(19.658 - 5.7) )	/ 2 )
	=	-8.996	/	( (23.81	+	13.958)	/ 2 )
	=	-8.996	/	18.884
	=	-47.64 %

ZW Data Action Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-6.424	/	( ( (16.246 - 4.967)	+	(14.779 - 5.092) )	/ 2 )
	=	-6.424	/	( ( 11.279	+	9.687 )	/ 2 )
	=	-6.424	/	10.483
	=	-61.28 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

ZW Data Action Technologies (LTS:0HXO) 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.

ZW Data Action Technologies ROCE % Related Terms

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ZW Data Action Technologies (LTS:0HXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ZW Data Action Technologies Inc (LTS:0HXO) » Definitions » ROCE %

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Traded in Other Exchanges

CNET:USA

Address

No. 2 Fengfu Road, Room 1811, Xinghuo Keji Plaza, Fengtai District, Beijing, CHN, 100195

Website

https://www.zdat.com

ZW Data Action Technologies Inc is engaged in providing Internet advertising, precision marketing, e-commerce online to offline (O2O) advertising and marketing services as well as the related data and technical services to small and medium enterprises in the PRC. It offers a variety channels of advertising and marketing services through its system, including distribution of the right to use search engine marketing services, provision of online advertising placements on its web portals, provision of ecommerce O2O advertising and marketing services and provision of other related value-added data and technical services to maximize market exposure and effectiveness for clients.

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