Zhejiang Goldensea Hi-Tech Co (SHSE:603311) ROCE % : 7.33% (As of Mar. 2024)

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What is Zhejiang Goldensea Hi-Tech 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. Zhejiang Goldensea Hi-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.33%.

Zhejiang Goldensea Hi-Tech Co ROCE % Historical Data

The historical data trend for Zhejiang Goldensea Hi-Tech 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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Zhejiang Goldensea Hi-Tech Co ROCE % Chart

Zhejiang Goldensea Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.89

14.39

10.46

9.31

5.41

Zhejiang Goldensea Hi-Tech Co 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															8.23	8.37	1.42	3.56	7.33

Zhejiang Goldensea Hi-Tech Co ROCE % Calculation

Zhejiang Goldensea Hi-Tech 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 )
	=	67.752	/	( ( (1625.878 - 387.501)	+	(1608.61 - 342.613) )	/ 2 )
	=	67.752	/	( (1238.377	+	1265.997)	/ 2 )
	=	67.752	/	1252.187
	=	5.41 %

Zhejiang Goldensea Hi-Tech Co'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 )
	=	93	/	( ( (1608.61 - 342.613)	+	(1608.226 - 338.069) )	/ 2 )
	=	93	/	( ( 1265.997	+	1270.157 )	/ 2 )
	=	93	/	1268.077
	=	7.33 %

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

Zhejiang Goldensea Hi-Tech Co (SHSE:603311) 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.

Zhejiang Goldensea Hi-Tech Co ROCE % Related Terms

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Zhejiang Goldensea Hi-Tech Co (SHSE:603311) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Goldensea Hi-Tech Co Ltd (SHSE:603311) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 899 fly Chau International Building, 16th Floor, Block A, Lingling Road, Xuhui District, Shanghai, CHN

Website

http://www.goldensea.cn

Zhejiang Goldensea Environment Technology Co Ltd is a manufacturer of environmental protection filtration materials. Its products are environmentally friendly filtration new materials, filter screens, air purification filters, air filters for cars/trains/aviation/ships, air total heat exchangers, vacuum cleaners/ventilation fan filters, crossflow/axial flow/centrifugal fans. It has established sales networks in Sichuan, Shandong, Jiangsu, and Korea, Hong Kong, the United States, Malaysia, Israel, the United Kingdom, Belgium, and the Czech Republic.

Executives

Han Yi Gang	Supervisors
Zhang Shu Lan	Director
Yang Jie	senior management
Ding Bo Ying	Director
Liu Chao Jun	Director
Guo Qiu Yan	Supervisors
Chen Xue Fen	Supervisors
Ding Yi Ke	Director
Hong Xian Liang	senior management
Lu Jia	Director
Ding Hong Guang	Director
Yu Yue Wen	Director
Jin Min Qiang	Director

Zhejiang Goldensea Hi-Tech Co (SHSE:603311) Headlines

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