ZCCM Investments Holdings (ZCCM Investments Holdings) ROCE % : -6.10% (As of Dec. 2022)

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What is ZCCM Investments Holdings 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. ZCCM Investments Holdings's annualized ROCE % for the quarter that ended in Dec. 2022 was -6.10%.

ZCCM Investments Holdings ROCE % Historical Data

The historical data trend for ZCCM Investments Holdings'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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ZCCM Investments Holdings ROCE % Chart

ZCCM Investments Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

ROCE %

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6.81

-5.49

14.26

-38.70

-3.84

ZCCM Investments Holdings Semi-Annual Data
	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROCE %	Get a 7-Day Free Trial															26.21	2.91	-46.20	-0.46	-6.10

ZCCM Investments Holdings ROCE % Calculation

ZCCM Investments Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-54.542	/	( ( (1762.38 - 307.483)	+	(1841.446 - 456.577) )	/ 2 )
	=	-54.542	/	( (1454.897	+	1384.869)	/ 2 )
	=	-54.542	/	1419.883
	=	-3.84 %

ZCCM Investments Holdings's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-101.258	/	( ( (2222.831 - 286.973)	+	(1841.446 - 456.577) )	/ 2 )
	=	-101.258	/	( ( 1935.858	+	1384.869 )	/ 2 )
	=	-101.258	/	1660.3635
	=	-6.10 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

ZCCM Investments Holdings (GREY:ZCCMF) 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.

ZCCM Investments Holdings ROCE % Related Terms

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ZCCM Investments Holdings (ZCCM Investments Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ZCCM Investments Holdings PLC (GREY:ZCCMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MLZAM:France

Address

Alick Nkhata Road, Mass Media Complex Area, P O Box 30048, Stand Number 16806, ZCCM-IH Office Park, Lusaka, ZMB, 10101

Website

https://www.zccm-ih.com.zm

ZCCM Investments Holdings PLC is an investment holding company managing the Zambian Government's stake in the mining sector, as the Zambian Government. The company operates in four segments namely ZCCM-IH Plc, Ndola Lime Company Limited, Investrust Bank Plc, and Misenge Environmental and Technical Services Limited.

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