Zhejiang Meorient Commerce & Exhibition (SZSE:300795) ROCE % : 1.97% (As of Mar. 2024)

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What is Zhejiang Meorient Commerce & Exhibition 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 Meorient Commerce & Exhibition's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.97%.

Zhejiang Meorient Commerce & Exhibition ROCE % Historical Data

The historical data trend for Zhejiang Meorient Commerce & Exhibition'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 Meorient Commerce & Exhibition ROCE % Chart

Zhejiang Meorient Commerce & Exhibition Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.00

-16.07

-16.04

12.78

39.74

Zhejiang Meorient Commerce & Exhibition 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															-0.79	74.88	13.37	73.90	1.97

Zhejiang Meorient Commerce & Exhibition ROCE % Calculation

Zhejiang Meorient Commerce & Exhibition'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 )
	=	229.899	/	( ( (595.484 - 129.289)	+	(868.449 - 177.721) )	/ 2 )
	=	229.899	/	( (466.195	+	690.728)	/ 2 )
	=	229.899	/	578.4615
	=	39.74 %

Zhejiang Meorient Commerce & Exhibition'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 )
	=	13.72	/	( ( (868.449 - 177.721)	+	(909.617 - 210.098) )	/ 2 )
	=	13.72	/	( ( 690.728	+	699.519 )	/ 2 )
	=	13.72	/	695.1235
	=	1.97 %

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

Zhejiang Meorient Commerce & Exhibition (SZSE:300795) 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 Meorient Commerce & Exhibition ROCE % Related Terms

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Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Meorient Commerce & Exhibition Inc (SZSE:300795) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 666, Baiyang Street, Room 912, Building 3, No. 452, Economic and Technological Development Zone, Zhejiang, Hangzhou, CHN, 310018

Website

http://www.meorient.com

Zhejiang Meorient Commerce & Exhibition Inc is a conference and exhibition service provider.

Executives

Pan Jian Jun	Director
Yao Zong Xian	Directors, Directors, and Executives
Fang Huan Sheng	Directors, executives
Liu Feng Yi	Executives
Zhang Min Qing	Supervisors
He Wen Xi	Supervisors
Zheng Wei	Executives
Cheng Yi Jun	Executives

Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Headlines

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