Zoneco Group Co (SZSE:002069) ROCE % : 30.56% (As of Sep. 2024)

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What is Zoneco Group 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. Zoneco Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 30.56%.

Zoneco Group Co ROCE % Historical Data

The historical data trend for Zoneco Group 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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Zoneco Group Co ROCE % Chart

Zoneco Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-45.81

46.37

38.39

39.64

30.54

Zoneco Group 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															32.36	-0.35	8.74	12.15	30.56

Zoneco Group Co ROCE % Calculation

Zoneco Group 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 )
	=	94.567	/	( ( (2434.963 - 2236.547)	+	(2394.596 - 1973.713) )	/ 2 )
	=	94.567	/	( (198.416	+	420.883)	/ 2 )
	=	94.567	/	309.6495
	=	30.54 %

Zoneco Group 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 )
	=	51.224	/	( ( (2374.35 - 2203.358)	+	(2289.824 - 2125.549) )	/ 2 )
	=	51.224	/	( ( 170.992	+	164.275 )	/ 2 )
	=	51.224	/	167.6335
	=	30.56 %

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

Zoneco Group Co (SZSE:002069) 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.

Zoneco Group Co ROCE % Related Terms

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Zoneco Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zoneco Group Co Ltd (SZSE:002069) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ganglong Road, 8th Floor, International Cooperation Center, No. 151, Zhongshan District, Liaoning Province, Dalian, Liaoning, CHN, 116007

Website

https://www.zhangzidao.com

Zoneco Group Co Ltd is engaged in seafood farming and aquatic product processing.

Executives

Wu Hou Gang	Directors, executives
You Jun	Executives
Zou Jian	Executives
Liang Jun	Executives
Cao Bing Cai	Executives
Zhang Kan	Executives
Zhan Wei	Executives
Sun Ying Shi	Executives
He Chun Lei	Executives
Gou Rong	Executives
Sun Fu Jun	Directors, executives
Wu Xiao Wei	Independent director
Zhou Yan Jun	Director
He Zu Qi	Executives
Luo Li	Executives

Zoneco Group Co Headlines

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