Zhong Fu Tong Group Co (SZSE:300560) ROCE % : 6.56% (As of Mar. 2024)

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What is Zhong Fu Tong Group 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. Zhong Fu Tong Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.56%.

Zhong Fu Tong Group Co ROCE % Historical Data

The historical data trend for Zhong Fu Tong Group 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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Zhong Fu Tong Group Co ROCE % Chart

Zhong Fu Tong Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.59

12.87

8.91

5.08

-1.84

Zhong Fu Tong Group 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															7.69	3.81	3.89	-23.11	6.56

Zhong Fu Tong Group Co ROCE % Calculation

Zhong Fu Tong Group 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 )
	=	-23.181	/	( ( (2709.635 - 1412.658)	+	(2722.441 - 1500.137) )	/ 2 )
	=	-23.181	/	( (1296.977	+	1222.304)	/ 2 )
	=	-23.181	/	1259.6405
	=	-1.84 %

Zhong Fu Tong Group 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 )
	=	79.848	/	( ( (2722.441 - 1500.137)	+	(2728.366 - 1515.652) )	/ 2 )
	=	79.848	/	( ( 1222.304	+	1212.714 )	/ 2 )
	=	79.848	/	1217.509
	=	6.56 %

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

Zhong Fu Tong Group Co (SZSE:300560) 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.

Zhong Fu Tong Group Co ROCE % Related Terms

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Zhong Fu Tong Group Co (SZSE:300560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhong Fu Tong Group Co Ltd (SZSE:300560) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Software Avenue, Tongpan Road, Software Park, No. 89, Floors 20, 21, 22, Building 4, F Zone, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

http://www.zftii.com

Zhong Fu Tong Group Co Ltd operates in the communication technology service industry. The company is mainly engaged in the communication network construction, maintenance, and optimization services. In addition, the company also provides system solutions such as ad hoc networks, ICTs, and the Internet of Things. The company primarily serves the people's liberation army, the armed police, government functions and communications operators such as China Mobile, China Telecom, China Unicom, China Tower as well as communication equipment suppliers.

Executives

Ke Hong Hui	Director
Chen Rong Jie	Director
Huang Xiao Ming	Supervisors
Yang Wei Min	Independent director
Wang Bei Yi	Supervisors

Zhong Fu Tong Group Co (SZSE:300560) Headlines

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