Wuchan Zhongda Group Co (SHSE:600704) ROCE % : 11.34% (As of Sep. 2024)

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What is Wuchan Zhongda Group 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. Wuchan Zhongda Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.34%.

Wuchan Zhongda Group Co ROCE % Historical Data

The historical data trend for Wuchan Zhongda Group 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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Wuchan Zhongda Group Co ROCE % Chart

Wuchan Zhongda Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.51

15.89

19.38

16.90

13.84

Wuchan Zhongda Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															13.68	10.49	12.61	11.82	11.34

Wuchan Zhongda Group Co ROCE % Calculation

Wuchan Zhongda Group 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 )
	=	8663.746	/	( ( (145255.589 - 86551.442)	+	(166134.814 - 99672.092) )	/ 2 )
	=	8663.746	/	( (58704.147	+	66462.722)	/ 2 )
	=	8663.746	/	62583.4345
	=	13.84 %

Wuchan Zhongda Group Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	7546.908	/	( ( (207241.926 - 140763.345)	+	(202446.121 - 135824.411) )	/ 2 )
	=	7546.908	/	( ( 66478.581	+	66621.71 )	/ 2 )
	=	7546.908	/	66550.1455
	=	11.34 %

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

Wuchan Zhongda Group Co (SHSE:600704) 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.

Wuchan Zhongda Group Co ROCE % Related Terms

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Wuchan Zhongda Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wuchan Zhongda Group Co Ltd (SHSE:600704) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 56, West Huancheng Road, Zhejiang, Hangzhou, CHN, 310006

Website

https://www.wzgroup.com

Wuchan Zhongda Group Co Ltd is engaged in industrial investment, equity investment, asset management, investment management, management consulting, information consulting services. It is also engaged in car sales and leasing, e-commerce technology services, used car transactions and services.

Executives

Zhang Bo	Director
Wang Qi Ying	senior management
Chen Hai Bin	senior management
Wang Ting Ge	Director
Liu Chun Kai	Supervisors
Zhou Xue Tao	senior management
Chen Ji Da	Director
Fang Ming	senior management
Wang Jing Tian	Director
Zhu Xie He	senior management
Zhang Li	senior management
Dong Ke Chao	Director
Zhang Biao	Director
Hu Xiao Ping	senior management
Ji Jia Ren	senior management

Wuchan Zhongda Group Co Headlines

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