Zhongzhong Science and Technology (Tianjin) Co (SHSE:603135) ROCE % : -4.81% (As of Sep. 2024)

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What is Zhongzhong Science and Technology (Tianjin) 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. Zhongzhong Science and Technology (Tianjin) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.81%.

Zhongzhong Science and Technology (Tianjin) Co ROCE % Historical Data

The historical data trend for Zhongzhong Science and Technology (Tianjin) 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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Zhongzhong Science and Technology (Tianjin) Co ROCE % Chart

Zhongzhong Science and Technology (Tianjin) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.11

16.28

37.64

23.93

9.16

Zhongzhong Science and Technology (Tianjin) Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											8.21	4.97	0.96	3.71	-4.81

Zhongzhong Science and Technology (Tianjin) Co ROCE % Calculation

Zhongzhong Science and Technology (Tianjin) 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 )
	=	209.053	/	( ( (2733.052 - 1244.974)	+	(3886.192 - 808.012) )	/ 2 )
	=	209.053	/	( (1488.078	+	3078.18)	/ 2 )
	=	209.053	/	2283.129
	=	9.16 %

Zhongzhong Science and Technology (Tianjin) 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 )
	=	-144.472	/	( ( (3880.54 - 874.442)	+	(3698.268 - 699.863) )	/ 2 )
	=	-144.472	/	( ( 3006.098	+	2998.405 )	/ 2 )
	=	-144.472	/	3002.2515
	=	-4.81 %

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

Zhongzhong Science and Technology (Tianjin) Co (SHSE:603135) 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.

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Zhongzhong Science and Technology (Tianjin) Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongzhong Science and Technology (Tianjin) Co Ltd (SHSE:603135) » Definitions » ROCE %

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Address

No. 65, Gaoxin Avenue, Ring Outer Development Zone, Science and Technology Park, Beichen District, Tianjin, CHN, 300400

Website

https://www.tjzzjt.com

Zhongzhong Science and Technology (Tianjin) Co Ltd is a national-level high-tech enterprise integrating research and development of intelligent equipment and production lines, process and equipment design, manufacturing, technical services and sales. Automatic production lines for wire rod and plate rolling, complete sets of equipment and related spare parts.

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