Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) ROCE % : -3.55% (As of Jun. 2024)

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What is Shandong Zhonglu Oceanic Fisheries 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. Shandong Zhonglu Oceanic Fisheries Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.55%.

Shandong Zhonglu Oceanic Fisheries Co ROCE % Historical Data

The historical data trend for Shandong Zhonglu Oceanic Fisheries 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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Shandong Zhonglu Oceanic Fisheries Co ROCE % Chart

Shandong Zhonglu Oceanic Fisheries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.39

4.14

3.67

3.02

3.39

Shandong Zhonglu Oceanic Fisheries Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-1.35	12.68	2.80	-1.59	-3.55

Shandong Zhonglu Oceanic Fisheries Co ROCE % Calculation

Shandong Zhonglu Oceanic Fisheries 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 )
	=	61.541	/	( ( (2053.001 - 323.923)	+	(2240.207 - 340.058) )	/ 2 )
	=	61.541	/	( (1729.078	+	1900.149)	/ 2 )
	=	61.541	/	1814.6135
	=	3.39 %

Shandong Zhonglu Oceanic Fisheries Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-65.896	/	( ( (2281.325 - 400.363)	+	(2172.779 - 336.186) )	/ 2 )
	=	-65.896	/	( ( 1880.962	+	1836.593 )	/ 2 )
	=	-65.896	/	1858.7775
	=	-3.55 %

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

Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) 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.

Shandong Zhonglu Oceanic Fisheries Co ROCE % Related Terms

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Shandong Zhonglu Oceanic Fisheries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Zhonglu Oceanic Fisheries Co Ltd (SZSE:200992) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 29 Miaoling Road, Laoshan District, Shandong Province, Qingdao, CHN, 266061

Website

http://www.zofco.cn

Shandong Zhonglu Oceanic Fisheries Co Ltd engages in the business of oceanic fishing. It primarily offers tuna and its products. It operates through the following segments: Oceanic Fishing, Vessels Leasing, Aquatic Products Processing, and Others. The company is also involved in the refrigeration, processing, and trading of aquatic products; and vessel leasing, refrigeration transportation, and other businesses. The firm's majority revenue comes from the Aquatic Products Processing segment. Its geographical segments are Japan, America, Russia, the European Union, South Korea, Israel, and other countries.

Executives

Chi Wei Zhen	Executives
Jiang Peng	Securities Affairs Representative

Shandong Zhonglu Oceanic Fisheries Co Headlines

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