Zhejiang Fengmao Technology Co (SZSE:301459) ROCE % : 13.96% (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Zhejiang Fengmao Technology 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. Zhejiang Fengmao Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.96%.

Zhejiang Fengmao Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Fengmao Technology 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.

* Premium members only.

Zhejiang Fengmao Technology Co ROCE % Chart

Zhejiang Fengmao Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

108.96

50.79

35.37

35.07

21.24

Zhejiang Fengmao Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											33.23	12.19	14.77	18.38	13.96

Zhejiang Fengmao Technology Co ROCE % Calculation

Zhejiang Fengmao Technology 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 )
	=	156.719	/	( ( (734.264 - 351.023)	+	(1517.182 - 424.414) )	/ 2 )
	=	156.719	/	( (383.241	+	1092.768)	/ 2 )
	=	156.719	/	738.0045
	=	21.24 %

Zhejiang Fengmao Technology Co'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 )
	=	162.752	/	( ( (1610.437 - 461.51)	+	(1664.309 - 481.05) )	/ 2 )
	=	162.752	/	( ( 1148.927	+	1183.259 )	/ 2 )
	=	162.752	/	1166.093
	=	13.96 %

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

Zhejiang Fengmao Technology Co (SZSE:301459) 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 Fengmao Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiang Fengmao Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Fengmao Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Fengmao Technology Co Ltd (SZSE:301459) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, Jinfeng Road, Zhejiang, Yuyao, CHN, 315403

Website

http://www.fengmao.com

Zhejiang Fengmao Technology Co Ltd is engaged in research & development and industrialization of precision rubber parts.

Zhejiang Fengmao Technology Co Headlines

No Headlines