Zhejiang Zhenyuan Share Co (SZSE:000705) ROCE % : 0.84% (As of Sep. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Zhejiang Zhenyuan Share 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. Zhejiang Zhenyuan Share Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.84%.

Zhejiang Zhenyuan Share Co ROCE % Historical Data

The historical data trend for Zhejiang Zhenyuan Share 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.

Zhejiang Zhenyuan Share Co ROCE % Chart

Zhejiang Zhenyuan Share Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.28

6.13

5.35

5.07

5.28

Zhejiang Zhenyuan Share 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															5.05	3.34	5.01	6.31	0.84

Zhejiang Zhenyuan Share Co ROCE % Calculation

Zhejiang Zhenyuan Share 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 )
	=	113.401	/	( ( (3229.528 - 1094.952)	+	(2939.079 - 779.33) )	/ 2 )
	=	113.401	/	( (2134.576	+	2159.749)	/ 2 )
	=	113.401	/	2147.1625
	=	5.28 %

Zhejiang Zhenyuan Share 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 )
	=	18.6	/	( ( (3119.665 - 940.396)	+	(3266.971 - 1027.879) )	/ 2 )
	=	18.6	/	( ( 2179.269	+	2239.092 )	/ 2 )
	=	18.6	/	2209.1805
	=	0.84 %

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

Zhejiang Zhenyuan Share Co (SZSE:000705) 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.

Zhejiang Zhenyuan Share Co ROCE % Related Terms

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

Zhejiang Zhenyuan Share Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Zhenyuan Share Co Ltd (SZSE:000705) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 558, Yan'an East Road, Jishan Street, Yuecheng District, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.zjzy.com

Zhejiang Zhenyuan Share Co Ltd is a China based pharmaceutical company. It is engaged in the engaged in the production and operation of proprietary Chinese medicines, Chinese herbal medicines, Chinese herbal medicines, chemical preparations, chemical raw materials, biochemical drugs, narcotic drugs, psychotropic drugs, medical devices, chemical reagent and others. Further, the firm's business scope covers the pharmaceutical industry, pharmaceutical business, pharmaceutical logistics and health service industry. It holds presence in both Chinese and international market.

Executives

Zhang Yan Na	Supervisors
Wu Hai Ming	Director
Chen Fu Gen	Directors, executives
Wei Min	Executives
He Yi Qiang	Directors, executives
Dong Jin Biao	Supervisors
Xuan Le Xin	Supervisors
Jiang Guan Gen	Supervisors
Song Yi Ting	Directors, executives
Li Cheng Hua	Executives
He Yu Long	Directors, executives
Li Yang	Executives
Ruan Jian Chang	Director
Jin Ming Hua	Executives
Zhou Qian Li	Secretary Dong

Zhejiang Zhenyuan Share Co Headlines

No Headlines