Shenzhen Zhongheng Huafa Co (SZSE:000020) ROCE % : 7.40% (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Shenzhen Zhongheng Huafa 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. Shenzhen Zhongheng Huafa Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.40%.

Shenzhen Zhongheng Huafa Co ROCE % Historical Data

The historical data trend for Shenzhen Zhongheng Huafa 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.

Shenzhen Zhongheng Huafa Co ROCE % Chart

Shenzhen Zhongheng Huafa Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.05

4.30

5.29

5.44

5.01

Shenzhen Zhongheng Huafa 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															9.03	2.59	6.32	2.80	7.40

Shenzhen Zhongheng Huafa Co ROCE % Calculation

Shenzhen Zhongheng Huafa 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 )
	=	19.429	/	( ( (608.824 - 202.252)	+	(570.545 - 201.015) )	/ 2 )
	=	19.429	/	( (406.572	+	369.53)	/ 2 )
	=	19.429	/	388.051
	=	5.01 %

Shenzhen Zhongheng Huafa 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 )
	=	27.544	/	( ( (570.545 - 201.015)	+	(592.74 - 217.944) )	/ 2 )
	=	27.544	/	( ( 369.53	+	374.796 )	/ 2 )
	=	27.544	/	372.163
	=	7.40 %

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

Shenzhen Zhongheng Huafa Co (SZSE:000020) 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.

Shenzhen Zhongheng Huafa Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shenzhen Zhongheng Huafa Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Zhongheng Huafa Co (SZSE:000020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Zhongheng Huafa Co Ltd (SZSE:000020) » Definitions » ROCE %

Traded in Other Exchanges

200020:China

Address

6th Floor, East Block, 411 Building, Huafa (N) Road, Futian District, Guangdong Province, Shenzhen, CHN, 518031

Website

http://www.hwafa.com.cn

Shenzhen Zhongheng Huafa Co Ltd operates in two business industrial and property management. The industrial business mainly includes injection molding, polylon (light-weight packaging materials), and complete machine production and sales of liquid crystal display, and property management business is mainly the lease of its own property. The company engages in producing and sales of vary color TV set, liquid crystal display, LCD, radio-recorder, sound equipment, electronic watch, electronic game and computers, the printed wiring board, precision injection parts, light packaging material and hardware (including tool and mould) for various electronic products and supporting parts, plating and surface treatment and tin wire, development and operation of real estate and property management.

Executives

Huang Yan Bo	Supervisors
Tang Gan Yu	Executives

Shenzhen Zhongheng Huafa Co (SZSE:000020) Headlines

No Headlines