Zanyu Technology Group Co (SZSE:002637) ROCE % : 7.30% (As of Mar. 2024)

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What is Zanyu Technology Group 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. Zanyu Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.30%.

Zanyu Technology Group Co ROCE % Historical Data

The historical data trend for Zanyu Technology Group 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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Zanyu Technology Group Co ROCE % Chart

Zanyu Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.56

14.80

22.54

0.72

4.50

Zanyu Technology Group 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															4.09	1.53	6.64	5.22	7.30

Zanyu Technology Group Co ROCE % Calculation

Zanyu Technology Group 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 )
	=	219.539	/	( ( (7667.609 - 2740.457)	+	(7857.111 - 3035.484) )	/ 2 )
	=	219.539	/	( (4927.152	+	4821.627)	/ 2 )
	=	219.539	/	4874.3895
	=	4.50 %

Zanyu Technology Group 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 )
	=	348.22	/	( ( (7857.111 - 3035.484)	+	(7967.154 - 3250.946) )	/ 2 )
	=	348.22	/	( ( 4821.627	+	4716.208 )	/ 2 )
	=	348.22	/	4768.9175
	=	7.30 %

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

Zanyu Technology Group Co (SZSE:002637) 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.

Zanyu Technology Group Co ROCE % Related Terms

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Zanyu Technology Group Co (SZSE:002637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zanyu Technology Group Co Ltd (SZSE:002637) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 128 Cheng Tou Xiang, Zhejiang, Hangzhou, CHN, 310030

Website

http://www.zzytech.com

Zanyu Technology Group Co Ltd is specialized in research and development and manufacturing of surfactants and oleochemicals, and third-party testing services on food safety, environment, occupational health and others. The company offers stearic acid glycol ester, disodium laureth sulfosuccinate, fatty acid methyl ester sulfonic acid, sodium and ammonium lauryl sulfate, sodium and ammonium lauryl ether sulfate, and cocamidopropyl and dodecyl dimethyl betaine. Geographically, the activities are carried out through China.

Executives

Zou Huan Jin	Directors, executives
Ma Han	Executives
Xu Rong Nian	Executives
Zhang Guo Qiang	Director
Wang Yu Liang	Supervisors
Lou Dong Ping	Executives
Ren Guo Xiao	Directors, executives
Fang Yin Jun	Directors, executives
Hu Jian Pin	Executives
Hong Shu Peng	Director
Wang Jin Fei	Supervisors
Zhou Li	Executives
Hua Wen Gao	Supervisors
Gao Hui	Executives
Huang Ya Ru	Supervisors

Zanyu Technology Group Co (SZSE:002637) Headlines

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