Zhuhai Zhongfu Enterprise Co (SZSE:000659) ROCE % : 7.91% (As of Sep. 2024)

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What is Zhuhai Zhongfu Enterprise 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. Zhuhai Zhongfu Enterprise Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.91%.

Zhuhai Zhongfu Enterprise Co ROCE % Historical Data

The historical data trend for Zhuhai Zhongfu Enterprise 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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Zhuhai Zhongfu Enterprise Co ROCE % Chart

Zhuhai Zhongfu Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.45

-6.59

19.38

-10.08

15.72

Zhuhai Zhongfu Enterprise 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															8.96	-69.35	16.23	26.52	7.91

Zhuhai Zhongfu Enterprise Co ROCE % Calculation

Zhuhai Zhongfu Enterprise 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 )
	=	65.303	/	( ( (2134.165 - 1690.953)	+	(1836.038 - 1448.388) )	/ 2 )
	=	65.303	/	( (443.212	+	387.65)	/ 2 )
	=	65.303	/	415.431
	=	15.72 %

Zhuhai Zhongfu Enterprise 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 )
	=	29.832	/	( ( (1917.876 - 1532.28)	+	(1862.655 - 1493.622) )	/ 2 )
	=	29.832	/	( ( 385.596	+	369.033 )	/ 2 )
	=	29.832	/	377.3145
	=	7.91 %

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

Zhuhai Zhongfu Enterprise Co (SZSE:000659) 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.

Zhuhai Zhongfu Enterprise Co ROCE % Related Terms

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Zhuhai Zhongfu Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhuhai Zhongfu Enterprise Co Ltd (SZSE:000659) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198 Tianhe Road, 5th Floor, Nanfang Jingdian Building, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.zhongfu.com.cn

Zhuhai Zhongfu Enterprise Co Ltd is engaged in Manufacturing beverage containers and preforms.

Executives

Chen Xian Pei	Director
Wang Yu Ling	Directors, executives
Li Dong Mei	Supervisors
Lu Huan Cheng	Directors, executives
Zhou Mao Zai	Directors, executives
Zhang Yuan Jian	Supervisors

Zhuhai Zhongfu Enterprise Co Headlines

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