Zhengping Road & Bridge Construction Co (SHSE:603843) ROCE % : 6.08% (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Zhengping Road & Bridge Construction 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. Zhengping Road & Bridge Construction Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.08%.

Zhengping Road & Bridge Construction Co ROCE % Historical Data

The historical data trend for Zhengping Road & Bridge Construction 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.

* Premium members only.

Zhengping Road & Bridge Construction Co ROCE % Chart

Zhengping Road & Bridge Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

11.03

12.43

9.20

-3.54

-17.74

Zhengping Road & Bridge Construction 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															-1.85	-61.53	0.35	-4.96	6.08

Zhengping Road & Bridge Construction Co ROCE % Calculation

Zhengping Road & Bridge Construction 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 )
	=	-437.767	/	( ( (8881.166 - 6122.774)	+	(8227.893 - 6050.356) )	/ 2 )
	=	-437.767	/	( (2758.392	+	2177.537)	/ 2 )
	=	-437.767	/	2467.9645
	=	-17.74 %

Zhengping Road & Bridge Construction 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 )
	=	132.056	/	( ( (7964.992 - 5794.414)	+	(7834.437 - 5659.054) )	/ 2 )
	=	132.056	/	( ( 2170.578	+	2175.383 )	/ 2 )
	=	132.056	/	2172.9805
	=	6.08 %

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

Zhengping Road & Bridge Construction Co (SHSE:603843) 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.

Zhengping Road & Bridge Construction Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhengping Road & Bridge Construction Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhengping Road & Bridge Construction Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhengping Road & Bridge Construction Co Ltd (SHSE:603843) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 128 Changjiang Road, 14th Floor, Innovation Building, Qinghai Province, Xining, CHN, 810000

Website

https://www.zhengpingjituan.com

Zhengping Road & Bridge Construction Co Ltd engages in the designing, engineering, construction, surveying, testing, and maintenance of roads and bridges in China. It constructs highway bridges, pavements, roadbeds, earth and stones, and tunnels; and produces and sells steel corrugated culvert and other products.

Executives

Jin Sheng Hui	Director
Jin Sheng Guang	Director
Li Jian Li	Director
Luo Chang Quan	Supervisors
Wang Zhang An	Supervisors

Zhengping Road & Bridge Construction Co Headlines

No Headlines