Anhui Zhongding Sealing Parts Co (SZSE:000887) ROCE % : 12.12% (As of Sep. 2024)

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What is Anhui Zhongding Sealing Parts 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. Anhui Zhongding Sealing Parts Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.12%.

Anhui Zhongding Sealing Parts Co ROCE % Historical Data

The historical data trend for Anhui Zhongding Sealing Parts 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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Anhui Zhongding Sealing Parts Co ROCE % Chart

Anhui Zhongding Sealing Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.78

5.87

10.22

9.31

10.93

Anhui Zhongding Sealing Parts 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															11.10	11.30	12.58	13.24	12.12

Anhui Zhongding Sealing Parts Co ROCE % Calculation

Anhui Zhongding Sealing Parts 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 )
	=	1603.168	/	( ( (21020.833 - 7019.777)	+	(22844.191 - 7523.081) )	/ 2 )
	=	1603.168	/	( (14001.056	+	15321.11)	/ 2 )
	=	1603.168	/	14661.083
	=	10.93 %

Anhui Zhongding Sealing Parts 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 )
	=	1944.2	/	( ( (23334.397 - 7492.377)	+	(24025.812 - 7793.953) )	/ 2 )
	=	1944.2	/	( ( 15842.02	+	16231.859 )	/ 2 )
	=	1944.2	/	16036.9395
	=	12.12 %

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

Anhui Zhongding Sealing Parts Co (SZSE:000887) 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.

Anhui Zhongding Sealing Parts Co ROCE % Related Terms

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Anhui Zhongding Sealing Parts Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Anhui Zhongding Sealing Parts Co Ltd (SZSE:000887) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Economic and Technological Development Zone, Anhui, Ningguo, CHN, 242300

Website

http://www.zhongdinggroup.com

Anhui Zhongding Sealing Parts Co Ltd focuses primarily on industrial and automotive parts production. The company's portfolio includes a wide range of industries, from rubber and plastic products manufacturing to machinery and mold manufacturing, automotive tools, information technology, environmental protection materials, eco-friendly engines and various high-quality industrial products. Some of Zhongding Group's key products include Dinghu rubber seals and special rubber products, which are widely used and trusted in the automotive, construction machinery, petrochemical processing, office automation, railway, and shipping industries.

Executives

Gao Sheng Qing	Executives
Pan Jin Jun	Supervisors
Yi Shan Bing	Executives
Fang Bing Hu	Executives
Liang Chun Fang	Supervisors
Xia Ying Song	Directors, executives
He Shi Sheng	Executives
Jiang Wei Jian	Secretary Dong
Hu Xiao Ping	Supervisors
Yan Jiang Wei	Directors, executives
Xia Ding Hu	Director
Chen Xing Hua	Executives
Zhu Ming Yuan	Executives
Zhu Bao Ning	Executives
He Shu Lin	Executives

Anhui Zhongding Sealing Parts Co Headlines

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