Zhejiang Zomax Transmission Co (SHSE:603767) ROCE % : 3.86% (As of Mar. 2024)

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What is Zhejiang Zomax Transmission 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 Zomax Transmission Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.86%.

Zhejiang Zomax Transmission Co ROCE % Historical Data

The historical data trend for Zhejiang Zomax Transmission 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 Zomax Transmission Co ROCE % Chart

Zhejiang Zomax Transmission Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.68

3.91

4.41

2.05

5.36

Zhejiang Zomax Transmission Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.71	6.98	8.79	3.25	3.86

Zhejiang Zomax Transmission Co ROCE % Calculation

Zhejiang Zomax Transmission 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 )
	=	81.713	/	( ( (1854.618 - 321.884)	+	(1885.06 - 366.696) )	/ 2 )
	=	81.713	/	( (1532.734	+	1518.364)	/ 2 )
	=	81.713	/	1525.549
	=	5.36 %

Zhejiang Zomax Transmission Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	58.936	/	( ( (1885.06 - 366.696)	+	(1862.797 - 331.109) )	/ 2 )
	=	58.936	/	( ( 1518.364	+	1531.688 )	/ 2 )
	=	58.936	/	1525.026
	=	3.86 %

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

Zhejiang Zomax Transmission Co (SHSE:603767) 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 Zomax Transmission Co ROCE % Related Terms

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Zhejiang Zomax Transmission Co (SHSE:603767) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Zomax Transmission Co Ltd (SHSE:603767) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.1, Jingyi Road, Shangma Industrial Zone, Shitang Town, Zhejiang Province, Wenling City, CHN, 317513

Website

http://www.zomaxcd.com

Zhejiang Zomax Transmission Co Ltd is a Chinese manufacturer of gears, transmission parts, automobile transmission products, and motorcycle parts. Its automotive transmission products are mainly used in light trucks such as pickup trucks, SUVs, MPVs and light buses. The company's gear products are mainly medium and high-end automotive gears, motorcycle gears and agricultural machinery gears.

Executives

Qi Zi Kun	senior management
Liu Qing Lin	senior management
Huang Jun Hui	senior management
Gao Qi	Director

Zhejiang Zomax Transmission Co (SHSE:603767) Headlines

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