Zhongyeda Electric Co (SZSE:002441) ROCE % : 15.56% (As of Mar. 2024)

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What is Zhongyeda Electric 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. Zhongyeda Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.56%.

Zhongyeda Electric Co ROCE % Historical Data

The historical data trend for Zhongyeda Electric 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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Zhongyeda Electric Co ROCE % Chart

Zhongyeda Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.04

9.22

13.50

9.00

7.56

Zhongyeda Electric 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															19.08	4.70	5.28	0.64	15.56

Zhongyeda Electric Co ROCE % Calculation

Zhongyeda Electric 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 )
	=	349.353	/	( ( (7149.117 - 2555.405)	+	(6516.084 - 1861.975) )	/ 2 )
	=	349.353	/	( (4593.712	+	4654.109)	/ 2 )
	=	349.353	/	4623.9105
	=	7.56 %

Zhongyeda Electric 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 )
	=	734.928	/	( ( (6516.084 - 1861.975)	+	(6883.248 - 2090.377) )	/ 2 )
	=	734.928	/	( ( 4654.109	+	4792.871 )	/ 2 )
	=	734.928	/	4723.49
	=	15.56 %

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

Zhongyeda Electric Co (SZSE:002441) 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.

Zhongyeda Electric Co ROCE % Related Terms

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Zhongyeda Electric Co (SZSE:002441) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhongyeda Electric Co Ltd (SZSE:002441) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.62, Hengshan Road, Longhu District, Guangdong Province, Shantou, CHN, 515041

Website

http://www.zyd.cn

Zhongyeda Electric Co Ltd is a distributor of industrial electrical products. The company's main business is the distribution of industrial electrical component products of contracted suppliers through its own sales network, as well as the production and sales of system integration products and complete manufacturing products. Its products include low-voltage electrical products, medium voltage electrical products, industrial control products and others.

Executives

Yang Song	Directors, executives
Wang Bao Yu	Directors, executives
Lin Jing	Supervisors
Chen Dai Ai	Supervisors
Li Xiao Yong	Director
Wu Kai Xian	Directors, executives
Zhang Ying	Supervisors
Ke Ni Xiang	Executives
Wang Zong Cheng	Director
Wang Pei Qing	Executives

Zhongyeda Electric Co (SZSE:002441) Headlines

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