Jiangxi Zhengbang Technology Co (SZSE:002157) ROCE % : -1.27% (As of Mar. 2024)

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What is Jiangxi Zhengbang Technology 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. Jiangxi Zhengbang Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.27%.

Jiangxi Zhengbang Technology Co ROCE % Historical Data

The historical data trend for Jiangxi Zhengbang Technology 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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Jiangxi Zhengbang Technology Co ROCE % Chart

Jiangxi Zhengbang Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.76

27.34

-69.97

-235.00

193.12

Jiangxi Zhengbang Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	1,616.10	-1.27

Jiangxi Zhengbang Technology Co ROCE % Calculation

Jiangxi Zhengbang Technology 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 )
	=	8586.638	/	( ( (23473.399 - 27483.953)	+	(17494.13 - 4591.258) )	/ 2 )
	=	8586.638	/	( (-4010.554	+	12902.872)	/ 2 )
	=	8586.638	/	4446.159
	=	193.12 %

Jiangxi Zhengbang Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-169.056	/	( ( (17494.13 - 4591.258)	+	(17991.002 - 4320.213) )	/ 2 )
	=	-169.056	/	( ( 12902.872	+	13670.789 )	/ 2 )
	=	-169.056	/	13286.8305
	=	-1.27 %

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

Jiangxi Zhengbang Technology Co (SZSE:002157) 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.

Jiangxi Zhengbang Technology Co ROCE % Related Terms

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Jiangxi Zhengbang Technology Co (SZSE:002157) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiangxi Zhengbang Technology Co Ltd (SZSE:002157) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Number 569, Aixihu Yilu Road, Jiangxi Province, Nanchang, CHN, 330096

Website

http://www.zhengbang.com

Jiangxi Zhengbang Technology Co Ltd operates in the agricultural industry in China. It offers wet instant noodles, feedstuffs, veterinary drugs, and pesticides. The company is also involved in the boar breeding activity.

Executives

Guo Xiang Yi	Supervisors
Wang Yong Hong	Executives
Li Zhi Xuan	Director
Cheng Fan Gui	Director
	Director
Lin Yin Sun	Director
Zhou Jin Ming	Executives
Wang Fei	Secretary Dong
Liu Dao Jun	Director
Hu Ren Hui	Securities Affairs Representative
Lin Feng	Executives
Zhou Ding Gui	Executives
Zhang Wei Dong	Director

Jiangxi Zhengbang Technology Co (SZSE:002157) Headlines

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