Dongguan Winnerway Industrial Zone (SZSE:000573) ROCE % : -3.60% (As of Mar. 2024)

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What is Dongguan Winnerway Industrial Zone 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. Dongguan Winnerway Industrial Zone's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.60%.

Dongguan Winnerway Industrial Zone ROCE % Historical Data

The historical data trend for Dongguan Winnerway Industrial Zone'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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Dongguan Winnerway Industrial Zone ROCE % Chart

Dongguan Winnerway Industrial Zone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.92

-4.17

12.33

3.09

4.18

Dongguan Winnerway Industrial Zone 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															1.98	-1.06	-6.13	22.20	-3.60

Dongguan Winnerway Industrial Zone ROCE % Calculation

Dongguan Winnerway Industrial Zone'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 )
	=	78.874	/	( ( (2560.626 - 693.413)	+	(2358.736 - 455.288) )	/ 2 )
	=	78.874	/	( (1867.213	+	1903.448)	/ 2 )
	=	78.874	/	1885.3305
	=	4.18 %

Dongguan Winnerway Industrial Zone'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 )
	=	-67.42	/	( ( (2358.736 - 455.288)	+	(2278.432 - 439.238) )	/ 2 )
	=	-67.42	/	( ( 1903.448	+	1839.194 )	/ 2 )
	=	-67.42	/	1871.321
	=	-3.60 %

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

Dongguan Winnerway Industrial Zone (SZSE:000573) 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.

Dongguan Winnerway Industrial Zone ROCE % Related Terms

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Dongguan Winnerway Industrial Zone (SZSE:000573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dongguan Winnerway Industrial Zone Ltd (SZSE:000573) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hongyuan Industrial Zone, Hongyuan Road Builing 16th Floor, Nancheng District, Guangdong Province, Dongguan, CHN, 523087

Website

http://www.winnerway.com.cn

Dongguan Winnerway Industrial Zone Ltd is mainly engaged in the development, operation, sale and lease of real estate in China. The company is also involved in the construction of water supply and electric power projects.

Executives

Wang Lian Ying	Directors, executives
Zhou Ming Xuan	Director
Feng Bing Qiang	Supervisors
Huang Yi	Supervisors

Dongguan Winnerway Industrial Zone (SZSE:000573) Headlines

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