Hangzhou Zhongya Machinery Co (SZSE:300512) ROCE % : 5.94% (As of Mar. 2024)

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What is Hangzhou Zhongya Machinery 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. Hangzhou Zhongya Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.94%.

Hangzhou Zhongya Machinery Co ROCE % Historical Data

The historical data trend for Hangzhou Zhongya Machinery 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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Hangzhou Zhongya Machinery Co ROCE % Chart

Hangzhou Zhongya Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.98

3.34

10.30

6.46

2.83

Hangzhou Zhongya Machinery 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															10.29	4.42	2.13	-5.92	5.94

Hangzhou Zhongya Machinery Co ROCE % Calculation

Hangzhou Zhongya Machinery 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 )
	=	47.515	/	( ( (2512.328 - 807.86)	+	(2740.254 - 1085.152) )	/ 2 )
	=	47.515	/	( (1704.468	+	1655.102)	/ 2 )
	=	47.515	/	1679.785
	=	2.83 %

Hangzhou Zhongya Machinery 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 )
	=	98.868	/	( ( (2740.254 - 1085.152)	+	(2664.354 - 992.307) )	/ 2 )
	=	98.868	/	( ( 1655.102	+	1672.047 )	/ 2 )
	=	98.868	/	1663.5745
	=	5.94 %

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

Hangzhou Zhongya Machinery Co (SZSE:300512) 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 Zhongya Machinery Co ROCE % Related Terms

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Hangzhou Zhongya Machinery Co (SZSE:300512) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Zhongya Machinery Co Ltd (SZSE:300512) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.189 Fangjiadai Road, Gongshu District, Hangzhou, CHN, 310011

Website

http://www.zhongyagroup.com

Hangzhou Zhongya Machinery Co Ltd is engaged in the manufacturing and selling of packaging equipment for liquid products. Its products include cup filling equipment, bottle filling equipment, bottle blow equipment, downstream packaging, and integrated lines solutions.

Executives

Jia Wen Xin	Executives
Xu Ren	Directors, executives
Wang Ying	Executives
Jin Wei Dong	Directors, executives
Ji Yong Lin	Directors, executives
Shi Zheng	Directors, Directors, and Executives
Shi Zhong Wei	Director
Hu Xi An	Supervisors

Hangzhou Zhongya Machinery Co (SZSE:300512) Headlines

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