Hangzhou Zhongtai Cryogenic Technology (SZSE:300435) ROCE % : 10.54% (As of Sep. 2024)

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What is Hangzhou Zhongtai Cryogenic 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. Hangzhou Zhongtai Cryogenic Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.54%.

Hangzhou Zhongtai Cryogenic Technology ROCE % Historical Data

The historical data trend for Hangzhou Zhongtai Cryogenic 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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Hangzhou Zhongtai Cryogenic Technology ROCE % Chart

Hangzhou Zhongtai Cryogenic Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.98

12.13

12.76

13.44

14.80

Hangzhou Zhongtai Cryogenic Technology 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															12.92	15.86	11.76	7.95	10.54

Hangzhou Zhongtai Cryogenic Technology ROCE % Calculation

Hangzhou Zhongtai Cryogenic 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 )
	=	461.87	/	( ( (4683.799 - 1692.965)	+	(5416.294 - 2164.898) )	/ 2 )
	=	461.87	/	( (2990.834	+	3251.396)	/ 2 )
	=	461.87	/	3121.115
	=	14.80 %

Hangzhou Zhongtai Cryogenic Technology'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 )
	=	349.788	/	( ( (4709.469 - 1429.615)	+	(4775.41 - 1418.739) )	/ 2 )
	=	349.788	/	( ( 3279.854	+	3356.671 )	/ 2 )
	=	349.788	/	3318.2625
	=	10.54 %

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

Hangzhou Zhongtai Cryogenic Technology (SZSE:300435) 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.

Hangzhou Zhongtai Cryogenic Technology ROCE % Related Terms

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Hangzhou Zhongtai Cryogenic Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Zhongtai Cryogenic Technology Corp (SZSE:300435) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 228, Zhejiang Dongzhou Golf Road, Fuyang, CHN, 311402

Website

http://www.zhongtaihangzhou.com

Hangzhou Zhongtai Cryogenic Technology Corp is a technology equipment and solution supplier. Its a provider of cryogenic technology processes and equipment. Its main business is process development, equipment design, manufacturing and sales of cryogenic technology. Its products are plate-fin heat exchangers, cold boxes and complete sets of equipment, including natural gas liquefaction equipment, air separation complete sets, carbon monoxide/hydrogen separation equipment.

Executives

Fang Jun Jie	Supervisors
Zhang You Hu	Directors, executives
Chen Huan Qin	Director
Zhong Xiao Long	Directors, executives
Zhou Juan Ping	Secretary Dong
Tang Wei	Executives
Yu Fu Can	Director
Yu Xiao Liang	Supervisors
Bian Chuan Rui	Directors, executives
Lei Hao	Supervisors
Zhang Guo Xing	Directors, executives
Wang Jin	Directors, executives
Jiang Yi Ming	Supervisors
Lv Cheng Ying	Executives

Hangzhou Zhongtai Cryogenic Technology Headlines

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