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Zhejiang Zhongjian Technology Co (SZSE:002779) ROCE % : 20.40% (As of Mar. 2024)


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What is Zhejiang Zhongjian 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. Zhejiang Zhongjian Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.40%.


Zhejiang Zhongjian Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Zhongjian 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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Zhejiang Zhongjian Technology Co ROCE % Chart

Zhejiang Zhongjian Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 -5.05 1.69 4.20 7.53

Zhejiang Zhongjian 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.68 12.92 4.44 -2.68 20.40

Zhejiang Zhongjian Technology Co ROCE % Calculation

Zhejiang Zhongjian 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 )
=52.306/( ( (890.421 - 221.103) + (974.68 - 254.96) )/ 2 )
=52.306/( (669.318+719.72)/ 2 )
=52.306/694.519
=7.53 %

Zhejiang Zhongjian 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 )
=150.224/( ( (974.68 - 254.96) + (1057.197 - 304.126) )/ 2 )
=150.224/( ( 719.72 + 753.071 )/ 2 )
=150.224/736.3955
=20.40 %

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

* 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.


Zhejiang Zhongjian Technology Co  (SZSE:002779) 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.


Zhejiang Zhongjian Technology Co ROCE % Related Terms

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Zhejiang Zhongjian Technology Co (SZSE:002779) Business Description

Traded in Other Exchanges
N/A
Address
10 MingYuan Nan Avenue, Economic Development Zone, Zhejiang Province, Yongkang, CHN, 321300
Zhejiang Zhongjian Technology Co Ltd is engaged in the research and development, design, manufacture, and sales of garden machinery and portable digital generators. Its products include Chainsaw, Hedge trimmer, Mounted lawn mowers, Brush cutter, Fans, Portable digital generator, and Lithium-ion products. Chain saw is used for logging and timber production. The hedge trimmer is used for garden flowers, forest conservation, tea care, and professional trimming of hedges along various roads.

Zhejiang Zhongjian Technology Co (SZSE:002779) Headlines

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