Zhongfu Information (SZSE:300659) ROCE % : -23.58% (As of Mar. 2024)

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What is Zhongfu Information 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. Zhongfu Information's annualized ROCE % for the quarter that ended in Mar. 2024 was -23.58%.

Zhongfu Information ROCE % Historical Data

The historical data trend for Zhongfu Information'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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Zhongfu Information ROCE % Chart

Zhongfu Information Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.01

25.42

7.57

-29.31

-15.40

Zhongfu Information 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															-37.85	-23.33	-33.13	33.86	-23.58

Zhongfu Information ROCE % Calculation

Zhongfu Information'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 )
	=	-174.749	/	( ( (1873.353 - 623.448)	+	(1689.529 - 669.369) )	/ 2 )
	=	-174.749	/	( (1249.905	+	1020.16)	/ 2 )
	=	-174.749	/	1135.0325
	=	-15.40 %

Zhongfu Information'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 )
	=	-289.628	/	( ( (1689.529 - 669.369)	+	(1932.937 - 496.582) )	/ 2 )
	=	-289.628	/	( ( 1020.16	+	1436.355 )	/ 2 )
	=	-289.628	/	1228.2575
	=	-23.58 %

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

Zhongfu Information (SZSE:300659) 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.

Zhongfu Information ROCE % Related Terms

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Zhongfu Information (SZSE:300659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zhongfu Information Inc (SZSE:300659) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

1166 Xinyi Street, Gaoxin Zone, Floors 15-16, Building 2, Aosheng Building, Jinan High-tech Zone, Shandong, Jinan, CHN, 250101

Website

http://www.zhongfu.net

Zhongfu Information Inc is a provider of network and information security solutions. It specializes in information security technology and product development, sales and providing industry solutions and security services. The company offers security solutions, password application solutions and public safety solutions. Security solutions include information security and confidentiality management, network information one-way data transmission, and integrated business information management solutions. Password application solution comprises electronic business license and mobile billing. Public safety solutions consist of the public opinion warning application, visual intelligence analysis, and public security synthetic combat platform.

Executives

Wei Dong Xiao	Directors, executives
Chen Zhi Jiang	Director
Liu Zhen Dong	Supervisors
Zhang Tai Xiang	Supervisors
Yu Wei Hua	Supervisors
Sun Qiang	Directors, Directors, and Executives
Liu Hai Wei	Directors, executives
Wang Meng	Supervisors

Zhongfu Information (SZSE:300659) Headlines

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