Jiangsu Zhongchao Holding Co (SZSE:002471) ROCE % : 11.18% (As of Sep. 2024)

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What is Jiangsu Zhongchao Holding 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. Jiangsu Zhongchao Holding Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.18%.

Jiangsu Zhongchao Holding Co ROCE % Historical Data

The historical data trend for Jiangsu Zhongchao Holding 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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Jiangsu Zhongchao Holding Co ROCE % Chart

Jiangsu Zhongchao Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.65

7.51

7.63

3.21

19.26

Jiangsu Zhongchao Holding 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															10.62	0.45	-0.37	4.85	11.18

Jiangsu Zhongchao Holding Co ROCE % Calculation

Jiangsu Zhongchao Holding 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 )
	=	336.659	/	( ( (5670.223 - 3931.309)	+	(5680.069 - 3922.653) )	/ 2 )
	=	336.659	/	( (1738.914	+	1757.416)	/ 2 )
	=	336.659	/	1748.165
	=	19.26 %

Jiangsu Zhongchao Holding 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 )
	=	197.984	/	( ( (5586.924 - 3837.932)	+	(5762.642 - 3969.669) )	/ 2 )
	=	197.984	/	( ( 1748.992	+	1792.973 )	/ 2 )
	=	197.984	/	1770.9825
	=	11.18 %

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

Jiangsu Zhongchao Holding Co (SZSE:002471) 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.

Jiangsu Zhongchao Holding Co ROCE % Related Terms

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Jiangsu Zhongchao Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Zhongchao Holding Co Ltd (SZSE:002471) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

999 Zhengfeng East Road, Xiaojiao Industrial Park, Wuxi, Jiangsu, Yixing, CHN, 214242

Website

http://www.zcdlgf.com

Jiangsu Zhongchao Holding Co Ltd manufactures sales and services electric wires and cables in China. The company mainly provides power cables, electric wires, and cables for electrical equipment, bare wires, cable materials, cable connectors, magnet wires, metal materials and teapots and fittings.

Executives

Wang Zhi Ping	Executives
Li Bian Fen	Director
Liu Bao Ji	Director
Liu Guang Zhong	Directors, executives
Zhao Han Jun	Executives
Jiang Li Juan	Supervisors
Wu Ming Liang	Directors, executives
Li Chuan Bing	Executives
Xu Xiao	Executives
Sheng Hai Liang	Supervisors
Wang Qiang	Executives
Lu Ya Jun	Supervisors
Liu Hong Bin	Supervisors
Huo Zhen Ping	Director
Yu Wei Min	Supervisors

Jiangsu Zhongchao Holding Co Headlines

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