Zhejiang Dafeng Industry Co (SHSE:603081) ROCE % : 2.73% (As of Sep. 2024)

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What is Zhejiang Dafeng Industry 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 Dafeng Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.73%.

Zhejiang Dafeng Industry Co ROCE % Historical Data

The historical data trend for Zhejiang Dafeng Industry 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 Dafeng Industry Co ROCE % Chart

Zhejiang Dafeng Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.95

13.83

12.87

9.16

4.48

Zhejiang Dafeng Industry 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															1.89	-0.11	4.56	3.26	2.73

Zhejiang Dafeng Industry Co ROCE % Calculation

Zhejiang Dafeng Industry 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 )
	=	223.862	/	( ( (7659.091 - 2713.887)	+	(7899.8 - 2859.22) )	/ 2 )
	=	223.862	/	( (4945.204	+	5040.58)	/ 2 )
	=	223.862	/	4992.892
	=	4.48 %

Zhejiang Dafeng Industry 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 )
	=	130.256	/	( ( (7979.64 - 3124.463)	+	(7838.412 - 3144.358) )	/ 2 )
	=	130.256	/	( ( 4855.177	+	4694.054 )	/ 2 )
	=	130.256	/	4774.6155
	=	2.73 %

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

Zhejiang Dafeng Industry Co (SHSE:603081) 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 Dafeng Industry Co ROCE % Related Terms

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Zhejiang Dafeng Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Dafeng Industry Co Ltd (SHSE:603081) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.737, Xinjian North Road, Yangming Science and Technology Industrial Park, Zhejiang Province, Yuyao, Ningbo, CHN, 315400

Website

http://www.chinadafeng.com

Zhejiang Dafeng Industry Co Ltd is a Chinese company engaged in providing culture and sports facility services. It offers stage, lighting, sound, intelligent, decoration, seating, BT construction, design, production, installation and after-sales services.

Executives

Feng Yue	Director
Feng Hua	Director
	Director
Yang Jin Sheng	Director
Chen Yi	senior management
Feng Qi Yun	Director
Zhao Hong Mei	senior management
Zhang Jin Long	senior management
Sun Ling Ling	Director
Xie Wen Jie	senior management
Xu Zhao Min	Director

Zhejiang Dafeng Industry Co Headlines

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