Zhejiang Huamei Holding Co (SZSE:000607) ROCE % : 0.09% (As of Mar. 2024)

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What is Zhejiang Huamei Holding 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 Huamei Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.09%.

Zhejiang Huamei Holding Co ROCE % Historical Data

The historical data trend for Zhejiang Huamei Holding 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 Huamei Holding Co ROCE % Chart

Zhejiang Huamei Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.80

-14.65

8.58

6.63

5.60

Zhejiang Huamei Holding 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															1.21	13.61	0.50	7.55	0.09

Zhejiang Huamei Holding Co ROCE % Calculation

Zhejiang Huamei Holding 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 )
	=	125.044	/	( ( (3972.651 - 1761.43)	+	(3945.511 - 1690.637) )	/ 2 )
	=	125.044	/	( (2211.221	+	2254.874)	/ 2 )
	=	125.044	/	2233.0475
	=	5.60 %

Zhejiang Huamei Holding 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 )
	=	2.12	/	( ( (3945.511 - 1690.637)	+	(3629.998 - 1409.012) )	/ 2 )
	=	2.12	/	( ( 2254.874	+	2220.986 )	/ 2 )
	=	2.12	/	2237.93
	=	0.09 %

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

Zhejiang Huamei Holding Co (SZSE:000607) 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 Huamei Holding Co ROCE % Related Terms

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Zhejiang Huamei Holding Co (SZSE:000607) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zhejiang Huamei Holding Co Ltd (SZSE:000607) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 218 Stadium Road, Xiacheng District, Zhejiang, Hangzhou, CHN, 310041

Website

http://www.000607.cn

Zhejiang Huamei Holding Co Ltd is a China-based holding company. It is engaged in the newspaper and publishing business, media website business, business printing, and outdoor advertising business. In addition, the group also carries out the city distribution business.

Executives

Lin Lu Hua	Executives
Zhang Jian Qiu	Director
Gao Jian Qiang	Secretary Dong
Guo Qin Yong	Executives
Zhang Shao Heng	Directors, executives
Song Hao	Executives
Yu Guo Qing	Executives
Chen Sen Qiang	Supervisors
Yu Xiao Li	Executives
Zhou He Ping	Director
Yuan Zi Li	Director

Zhejiang Huamei Holding Co (SZSE:000607) Headlines

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