Zhengzhou Suda Industry Machinery Service Co (SZSE:001277) ROCE % : 7.53% (As of Dec. 2024)

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What is Zhengzhou Suda Industry Machinery Service 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. Zhengzhou Suda Industry Machinery Service Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.53%.

Zhengzhou Suda Industry Machinery Service Co ROCE % Historical Data

The historical data trend for Zhengzhou Suda Industry Machinery Service 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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Zhengzhou Suda Industry Machinery Service Co ROCE % Chart

Zhengzhou Suda Industry Machinery Service Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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17.75

18.99

16.63

20.99

13.24

Zhengzhou Suda Industry Machinery Service Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															73.83	22.58	-	13.44	7.53

Zhengzhou Suda Industry Machinery Service Co ROCE % Calculation

Zhengzhou Suda Industry Machinery Service Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	175.737	/	( ( (1657.846 - 591.094)	+	(2017.793 - 429.708) )	/ 2 )
	=	175.737	/	( (1066.752	+	1588.085)	/ 2 )
	=	175.737	/	1327.4185
	=	13.24 %

Zhengzhou Suda Industry Machinery Service Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	123.524	/	( ( (2173.271 - 482.46)	+	(2017.793 - 429.708) )	/ 2 )
	=	123.524	/	( ( 1690.811	+	1588.085 )	/ 2 )
	=	123.524	/	1639.448
	=	7.53 %

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

Zhengzhou Suda Industry Machinery Service Co (SZSE:001277) 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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Zhengzhou Suda Industry Machinery Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhengzhou Suda Industry Machinery Service Co Ltd (SZSE:001277) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

West of the intersection of Huanghai Road and Planning Industrial Fifth Street, Aviation Port Economic Comprehensive Experimental Zone, Henan Province, Zhengzhou, CHN, 451163

Website

http://www.su-da.cn

Zhengzhou Suda Industry Machinery Service Co Ltd is focusing on the hydraulic support of coal mining equipment. It provide comprehensive after-market services such as maintenance and remanufacturing, spare parts supply management, and second-hand equipment rental and sales to coal production enterprises, and provide fluid connection products to mechanical equipment manufacturers.

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