Guizhou Zhenhua E-chem (SHSE:688707) ROCE % : -9.52% (As of Sep. 2024)

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What is Guizhou Zhenhua E-chem 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. Guizhou Zhenhua E-chem's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.52%.

Guizhou Zhenhua E-chem ROCE % Historical Data

The historical data trend for Guizhou Zhenhua E-chem'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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Guizhou Zhenhua E-chem ROCE % Chart

Guizhou Zhenhua E-chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.40

-6.76

18.31

35.04

3.93

Guizhou Zhenhua E-chem Quarterly Data
	Dec18	Dec19	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															8.58	7.89	-10.72	-4.52	-9.52

Guizhou Zhenhua E-chem ROCE % Calculation

Guizhou Zhenhua E-chem'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 )
	=	205.027	/	( ( (11071.74 - 5708.633)	+	(9625.586 - 4556.15) )	/ 2 )
	=	205.027	/	( (5363.107	+	5069.436)	/ 2 )
	=	205.027	/	5216.2715
	=	3.93 %

Guizhou Zhenhua E-chem'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 )
	=	-508.384	/	( ( (8406.643 - 2914.843)	+	(7956.273 - 2771.185) )	/ 2 )
	=	-508.384	/	( ( 5491.8	+	5185.088 )	/ 2 )
	=	-508.384	/	5338.444
	=	-9.52 %

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

Guizhou Zhenhua E-chem (SHSE:688707) 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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Guizhou Zhenhua E-chem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guizhou Zhenhua E-chem Inc (SHSE:688707) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1, Gaokua Road, Baiyun District, Guizhou Province, Guiyang, CHN, 550016

Website

http://www.zh-echem.com

Guizhou Zhenhua E-chem Inc is engaged in the research and development, production and sales of cathode materials for lithium-ion batteries.

Executives

Zhou Chao Yi	Core technical personnel
Xiang Qian Xin	Directors, senior managers, core technical personn
Li Lu	Core technical personnel

Guizhou Zhenhua E-chem Headlines

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