Dalian Zhiyun Automation Co (SZSE:300097) ROCE % : 5.58% (As of Mar. 2024)

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What is Dalian Zhiyun Automation 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. Dalian Zhiyun Automation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.58%.

Dalian Zhiyun Automation Co ROCE % Historical Data

The historical data trend for Dalian Zhiyun Automation 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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Dalian Zhiyun Automation Co ROCE % Chart

Dalian Zhiyun Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-44.63

4.19

-58.74

-51.52

23.10

Dalian Zhiyun Automation 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															-23.45	141.11	2.91	-26.71	5.58

Dalian Zhiyun Automation Co ROCE % Calculation

Dalian Zhiyun Automation 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 )
	=	136.091	/	( ( (1386.961 - 839.775)	+	(1109.169 - 478.096) )	/ 2 )
	=	136.091	/	( (547.186	+	631.073)	/ 2 )
	=	136.091	/	589.1295
	=	23.10 %

Dalian Zhiyun Automation 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 )
	=	35.632	/	( ( (1109.169 - 478.096)	+	(1111.421 - 466.341) )	/ 2 )
	=	35.632	/	( ( 631.073	+	645.08 )	/ 2 )
	=	35.632	/	638.0765
	=	5.58 %

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

Dalian Zhiyun Automation Co (SZSE:300097) 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.

Dalian Zhiyun Automation Co ROCE % Related Terms

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Dalian Zhiyun Automation Co (SZSE:300097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dalian Zhiyun Automation Co Ltd (SZSE:300097) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

21/F Ning an Building No 17, Huanghe Road, Xigang, Dalian, CHN, 116011

Website

http://www.zhiyun-cn.com

Dalian Zhiyun Automation Co Ltd develops automation manufacturing process systems and automation equipment. The company's products include Auto Test Machine Line; Auto Convey Machine; Auto Dealer Maachine WahMachine; Filter Machine; and Assembly Line.

Executives

Ma Yu	Director
Shi Li Quan	Directors, executives
Yang Yin Sheng	Director
Wu Qian	Supervisors
Ren Tong	Directors, Directors, and Executives
Gao Peng	Director
Tan Yong Liang	Directors, executives
Zhang Shao Hui	Directors, executives
Li Hong	Executives
Di Yan Zhao	Directors, executives
Pan Bin	Executives

Dalian Zhiyun Automation Co (SZSE:300097) Headlines

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