Zhejiang Publishing & Media Co (SHSE:601921) ROCE % : 4.28% (As of Mar. 2024)

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What is Zhejiang Publishing & Media 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 Publishing & Media Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.28%.

Zhejiang Publishing & Media Co ROCE % Historical Data

The historical data trend for Zhejiang Publishing & Media 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 Publishing & Media Co ROCE % Chart

Zhejiang Publishing & Media Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.63

13.73

12.46

10.99

9.34

Zhejiang Publishing & Media Co Quarterly Data
	Dec17	Dec18	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															4.44	17.64	4.21	11.99	4.28

Zhejiang Publishing & Media Co ROCE % Calculation

Zhejiang Publishing & Media 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 )
	=	1274.242	/	( ( (22072.17 - 8582.891)	+	(22263.746 - 8455.898) )	/ 2 )
	=	1274.242	/	( (13489.279	+	13807.848)	/ 2 )
	=	1274.242	/	13648.5635
	=	9.34 %

Zhejiang Publishing & Media 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 )
	=	593.876	/	( ( (22263.746 - 8455.898)	+	(22792.411 - 8845.805) )	/ 2 )
	=	593.876	/	( ( 13807.848	+	13946.606 )	/ 2 )
	=	593.876	/	13877.227
	=	4.28 %

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

Zhejiang Publishing & Media Co (SHSE:601921) 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 Publishing & Media Co ROCE % Related Terms

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Zhejiang Publishing & Media Co (SHSE:601921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zhejiang Publishing & Media Co Ltd (SHSE:601921) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 347 Tiyuchang Road, 18th Floor, Xiacheng District, Zhejiang Province, Hangzhou, CHN, 310013

Website

https://www.zjcbcm.com

Zhejiang Publishing & Media Co Ltd is engaged in the publication, distribution and printing of books, periodicals, audio-visual products and electronic publications.

Zhejiang Publishing & Media Co (SHSE:601921) Headlines

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