Zhejiang Canaan Technology (SZSE:300412) ROCE % : -1.18% (As of Mar. 2024)

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What is Zhejiang Canaan Technology 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 Canaan Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.18%.

Zhejiang Canaan Technology ROCE % Historical Data

The historical data trend for Zhejiang Canaan Technology'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 Canaan Technology ROCE % Chart

Zhejiang Canaan Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.52

10.54

9.44

-6.40

-1.44

Zhejiang Canaan Technology 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															3.26	4.55	4.79	-17.86	-1.18

Zhejiang Canaan Technology ROCE % Calculation

Zhejiang Canaan Technology'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 )
	=	-17.815	/	( ( (2500.028 - 1289.763)	+	(2597.904 - 1338.384) )	/ 2 )
	=	-17.815	/	( (1210.265	+	1259.52)	/ 2 )
	=	-17.815	/	1234.8925
	=	-1.44 %

Zhejiang Canaan Technology'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 )
	=	-14.756	/	( ( (2597.904 - 1338.384)	+	(2549.803 - 1303.959) )	/ 2 )
	=	-14.756	/	( ( 1259.52	+	1245.844 )	/ 2 )
	=	-14.756	/	1252.682
	=	-1.18 %

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

Zhejiang Canaan Technology (SZSE:300412) 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 Canaan Technology ROCE % Related Terms

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Zhejiang Canaan Technology (SZSE:300412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Canaan Technology Ltd (SZSE:300412) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linpu Bridge, Dong'ou Industrial Park, Wenzhou, Zhejiang Province, CHN, 325105

Website

http://www.china-jianan.company.weiku.com

Zhejiang Canaan Technology Ltd is a manufacturer of designing and processing equipment for solid dosage. Its main products include powder processing equipment, solid Body preparation equipment, Chinese medicine extraction equipment and fluid processing equipment. Its products categories are NT series Pharma Lifters, HZD series Bin Blenders, FZ series Fluid-bed Granulators, QD series Automatic Washing Stations and LHS series Mixers & Granulators which are widely used in pharmaceutical industry, chemical industry, foodstuff industry.

Executives

Zhou Zhen Dao	Director
Fang Zhi Yi	Director
Xu Hai Zhi	Executives
Chao Hu	Directors, executives, securities affairs represen
Wan Guo Hua	Executives
Liao Quan Hui	Executives
Chen Yong Xing	Directors, executives, securities affairs represen
Sun Guo Long	Director
Yang Dao Xiao	Supervisors

Zhejiang Canaan Technology (SZSE:300412) Headlines

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