Zixin Group Holdings (SGX:42W) ROCE % : -0.24% (As of Sep. 2023)

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What is Zixin Group 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. Zixin Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.24%.

Zixin Group Holdings ROCE % Historical Data

The historical data trend for Zixin Group 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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Zixin Group Holdings ROCE % Chart

Zixin Group Holdings Annual Data

Trend

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.10

-2.05

-2.63

1.55

-1.41

Zixin Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															1.74	1.43	1.02	-3.96	-0.24

Zixin Group Holdings ROCE % Calculation

Zixin Group 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 )
	=	-1.47	/	( ( (121.754 - 11.696)	+	(114.244 - 16.412) )	/ 2 )
	=	-1.47	/	( (110.058	+	97.832)	/ 2 )
	=	-1.47	/	103.945
	=	-1.41 %

Zixin Group 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 )
	=	-0.228	/	( ( (114.244 - 16.412)	+	(107.656 - 14.278) )	/ 2 )
	=	-0.228	/	( ( 97.832	+	93.378 )	/ 2 )
	=	-0.228	/	95.605
	=	-0.24 %

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

Zixin Group Holdings (SGX:42W) 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.

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Zixin Group Holdings (SGX:42W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zixin Group Holdings Ltd (SGX:42W) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

10 Anson Road, 27- 06 B, International Plaza, Singapore, SGP, 079903

Website

http://www.zixinshuye.com

Zixin Group Holdings Ltd is an investment holding company. The group is engaged in the research, production, and distribution of sweet potato food products across China, processed from purple and orange-fleshed sweet potatoes. The company generates its revenue from Sweet potato processed products and sweet potatoes, where the majority is generated from Sweet potato processed products.

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