ZLIOY (Zoomlion Heavy Industry Science and Technology Co) ROCE % : 5.87% (As of Sep. 2024)

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What is Zoomlion Heavy Industry Science and 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. Zoomlion Heavy Industry Science and Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.87%.

Zoomlion Heavy Industry Science and Technology Co ROCE % Historical Data

The historical data trend for Zoomlion Heavy Industry Science and 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.

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Zoomlion Heavy Industry Science and Technology Co ROCE % Chart

Zoomlion Heavy Industry Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.91

15.61

11.79

4.41

6.23

Zoomlion Heavy Industry Science and Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.42	4.90	6.22	9.12	5.87

Zoomlion Heavy Industry Science and Technology Co ROCE % Calculation

Zoomlion Heavy Industry Science and 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 )
	=	688.813	/	( ( (17722.08 - 6941.114)	+	(18327.552 - 7002.103) )	/ 2 )
	=	688.813	/	( (10780.966	+	11325.449)	/ 2 )
	=	688.813	/	11053.2075
	=	6.23 %

Zoomlion Heavy Industry Science and 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 )
	=	653.284	/	( ( (18014.532 - 7145.501)	+	(18183.395 - 6788.414) )	/ 2 )
	=	653.284	/	( ( 10869.031	+	11394.981 )	/ 2 )
	=	653.284	/	11132.006
	=	5.87 %

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

Zoomlion Heavy Industry Science and Technology Co (OTCPK:ZLIOY) 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.

Zoomlion Heavy Industry Science and Technology Co ROCE % Related Terms

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Zoomlion Heavy Industry Science and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Zoomlion Heavy Industry Science and Technology Co Ltd (OTCPK:ZLIOY) » Definitions » ROCE %

Traded in Other Exchanges

01157:Hong Kong 8CZ:Germany 000157:China

Address

No. 361, Yinpen South Road, Hunan Province, Changsha, CHN, 410013

Website

https://en.zoomlion.com

Zoomlion Heavy Industry Science and Technology Co Ltd are mainly engaged in the research, development, manufacturing, and sales of construction machinery, and agricultural machinery. It is engaged in three main operating segments, including research, development, manufacturing, and sale of construction machinery; research, development, manufacturing, and sale of agricultural machinery; and finance lease services. The construction machinery segment provides concrete machinery, crane machinery, road construction machinery, pile foundation machinery, work-at-height machinery, fire machinery, mining machinery, forklift truck, and other products. Agricultural machinery industry, including farming machinery, harvesting machinery, drying machinery, and agricultural equipment.