Beijing Zhongkenhuan High-tech Co (SZSE:000970) ROCE % : 3.21% (As of Sep. 2024)

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What is Beijing Zhongkenhuan High-tech 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. Beijing Zhongkenhuan High-tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.21%.

Beijing Zhongkenhuan High-tech Co ROCE % Historical Data

The historical data trend for Beijing Zhongkenhuan High-tech 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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Beijing Zhongkenhuan High-tech Co ROCE % Chart

Beijing Zhongkenhuan High-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.47

4.09

10.68

18.54

6.19

Beijing Zhongkenhuan High-tech 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															5.39	2.17	-5.12	2.84	3.21

Beijing Zhongkenhuan High-tech Co ROCE % Calculation

Beijing Zhongkenhuan High-tech 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 )
	=	518.464	/	( ( (11712.94 - 3633.155)	+	(11218.461 - 2553.435) )	/ 2 )
	=	518.464	/	( (8079.785	+	8665.026)	/ 2 )
	=	518.464	/	8372.4055
	=	6.19 %

Beijing Zhongkenhuan High-tech 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 )
	=	265.94	/	( ( (10292.268 - 1994.646)	+	(10220.977 - 1959.802) )	/ 2 )
	=	265.94	/	( ( 8297.622	+	8261.175 )	/ 2 )
	=	265.94	/	8279.3985
	=	3.21 %

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

Beijing Zhongkenhuan High-tech Co (SZSE:000970) 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.

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Beijing Zhongkenhuan High-tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Zhongke Sanhuan High-tech Co Ltd (SZSE:000970) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

27th Floor, Building A, No.66 East Road, Zhong Guan Cun, Haidian District, Beijing, CHN, 100190

Website

http://www.san-huan.com.cn

Beijing Zhongke Sanhuan High-tech Co Ltd is a high technology company. It is engaged in researching, developing, manufacturing and marketing magnetic materials and its application devices. Its main products cover sintered Nd-Fe-B magnets, soft ferrites, and electric bicycles. The company's products are widely used in many fields, such as the automobile, household appliance, energy, computer, communication and medical care.

Executives

Liu Fang	Executives
Liu Ying Min	Supervisors
Li Ling	Director
Rao Xiao Lei	Executives
Li Da Jun	Executives
Ma Jian	Executives
Hu Bo Ping	Director
Zhao Yu Gang	Supervisors
Yao Gang	Executives
Zhao Yin Peng	Directors, executives
Wang Zhen Xi	Director
Zhang Wei	Supervisors
Tian Wen Bin	Securities Affairs Representative
Li Jing Hong	Executives
Chen Jian Hua	Director

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