Zhenhai Petrochemical Engineering Co (SHSE:603637) ROCE % : 2.13% (As of Sep. 2024)

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What is Zhenhai Petrochemical Engineering 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. Zhenhai Petrochemical Engineering Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.13%.

Zhenhai Petrochemical Engineering Co ROCE % Historical Data

The historical data trend for Zhenhai Petrochemical Engineering 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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Zhenhai Petrochemical Engineering Co ROCE % Chart

Zhenhai Petrochemical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.97

6.20

6.47

11.57

10.41

Zhenhai Petrochemical Engineering 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															1.77	23.36	0.62	14.20	2.13

Zhenhai Petrochemical Engineering Co ROCE % Calculation

Zhenhai Petrochemical Engineering 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 )
	=	97.004	/	( ( (1410.943 - 513.393)	+	(1414.991 - 448.047) )	/ 2 )
	=	97.004	/	( (897.55	+	966.944)	/ 2 )
	=	97.004	/	932.247
	=	10.41 %

Zhenhai Petrochemical Engineering 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 )
	=	20.88	/	( ( (1367.097 - 394.292)	+	(1372.081 - 380.605) )	/ 2 )
	=	20.88	/	( ( 972.805	+	991.476 )	/ 2 )
	=	20.88	/	982.1405
	=	2.13 %

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

Zhenhai Petrochemical Engineering Co (SHSE:603637) 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.

Zhenhai Petrochemical Engineering Co ROCE % Related Terms

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Zhenhai Petrochemical Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhenhai Petrochemical Engineering Co Ltd (SHSE:603637) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.36, Xinghai South Road, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315042

Website

http://www.izpec.com

Zhenhai Petrochemical Engineering Co Ltd provides construction of petrochemical engineering and technical services. Its services include engineering contracting, engineering design, project management, supervision, and engineering consulting project trial price and bidding agency, and other businesses. The company offers various forms of construction services, and technology development and application services; and project contract management services primarily for the petrochemical industry.

Executives

Feng Lu Miao	Director
Yu Jin	Supervisors
Qi Yuan Qing	senior management
Jin Chang	senior management
Yang Xiang Yi	Director
Zhang Jing	Director
Gai Xiao Dong	Director
Shi Dan	Director
Fan Qi Hai	Director
Zhang Yi Gang	Director
Zhao Li Wei	Director
You Pei Di	Director
Fan Xiao Mei	Director
Cai Jin Song	Director
Song Tao	Director

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