Zhen Ding Resources (Zhen Ding Resources) ROCE % : 0.00% (As of Mar. 2024)

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What is Zhen Ding Resources 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. Zhen Ding Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Zhen Ding Resources ROCE % Historical Data

The historical data trend for Zhen Ding Resources'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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Zhen Ding Resources ROCE % Chart

Zhen Ding Resources Annual Data

Trend

Dec14

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Dec23

ROCE %

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Zhen Ding Resources 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															-	-	-	-	-

Zhen Ding Resources ROCE % Calculation

Zhen Ding Resources'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 )
	=	-0.749	/	( ( (0.014 - 10.329)	+	(0.006 - 10.609) )	/ 2 )
	=	-0.749	/	( (-10.315	+	-10.603)	/ 2 )
	=	-0.749	/	-10.459
	=	7.16 %

Zhen Ding Resources'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 )
	=	-0.06	/	( ( (0.006 - 10.609)	+	(0.005 - 10.581) )	/ 2 )
	=	-0.06	/	( ( -10.603	+	-10.576 )	/ 2 )
	=	-0.06	/	-10.5895
	=	0 %

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

Zhen Ding Resources (OTCPK:RBTK) 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.

Zhen Ding Resources ROCE % Related Terms

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Zhen Ding Resources (Zhen Ding Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhen Ding Resources Inc (OTCPK:RBTK) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

3900 Place De Java, Second Floor, Suite 111, Brossard, QC, CAN, J4Y OC4

Website

https://www.zhendingresources.com

Zhen Ding Resources Inc, through its subsidiary, is involved in the business of gold and copper mining, development, and production in China and Southeast Asia. The company's one of the project is Wuxi gold project, which is located in Jingxian county, situated in the southeastern part of Anhui Province, PRC.

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