Zhidao International (Holdings) (HKSE:01220) ROCE % : 9.50% (As of Sep. 2023)

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What is Zhidao International (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. Zhidao International (Holdings)'s annualized ROCE % for the quarter that ended in Sep. 2023 was 9.50%.

Zhidao International (Holdings) ROCE % Historical Data

The historical data trend for Zhidao International (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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Zhidao International (Holdings) ROCE % Chart

Zhidao International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-1.45

-19.39

-2.65

-9.31

-4.84

Zhidao International (Holdings) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															3.82	-22.76	0.64	-10.34	9.50

Zhidao International (Holdings) ROCE % Calculation

Zhidao International (Holdings)'s annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-14.329	/	( ( (445.507 - 140.514)	+	(409.219 - 121.613) )	/ 2 )
	=	-14.329	/	( (304.993	+	287.606)	/ 2 )
	=	-14.329	/	296.2995
	=	-4.84 %

Zhidao International (Holdings)'s ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	27.788	/	( ( (409.219 - 121.613)	+	(535.184 - 237.721) )	/ 2 )
	=	27.788	/	( ( 287.606	+	297.463 )	/ 2 )
	=	27.788	/	292.5345
	=	9.50 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Zhidao International (Holdings) (HKSE:01220) 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.

Zhidao International (Holdings) ROCE % Related Terms

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Zhidao International (Holdings) (HKSE:01220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhidao International (Holdings) Ltd (HKSE:01220) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

302-308 Hennessy Road, Room 2606, 26th Floor, C C Wu Building, Wan Chai, Hong Kong, HKG

Website

http://www.zdihl.com

Zhidao International (Holdings) Ltd trades and supplies aluminum products. Its segments include trading of aluminum products, construction projects, and money lending. The company generates maximum revenue from the construction projects segment. The construction projects segment includes a supply of aluminum products in construction projects and an extension to the provision of construction and engineering services. Geographically, it derives a majority of its revenue from Macau.

Executives

Kwok Tao Capital Investment Limited	2201 Interest of corporation controlled by you
Xu Jiao	2201 Interest of corporation controlled by you

Zhidao International (Holdings) (HKSE:01220) Headlines

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