Zhen Ding Technology Holding (TPE:4958) ROCE % : 4.82% (As of Mar. 2024)

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What is Zhen Ding Technology Holding 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. Zhen Ding Technology Holding's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.82%.

Zhen Ding Technology Holding ROCE % Historical Data

The historical data trend for Zhen Ding Technology Holding'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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Zhen Ding Technology Holding ROCE % Chart

Zhen Ding Technology Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.54

13.05

16.40

7.45

Zhen Ding Technology Holding 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															3.27	-0.10	10.94	15.80	4.82

Zhen Ding Technology Holding ROCE % Calculation

Zhen Ding Technology Holding'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 )
	=	12000.422	/	( ( (232560.112 - 74226.905)	+	(242775.665 - 78939.342) )	/ 2 )
	=	12000.422	/	( (158333.207	+	163836.323)	/ 2 )
	=	12000.422	/	161084.765
	=	7.45 %

Zhen Ding Technology Holding'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 )
	=	8310.976	/	( ( (242775.665 - 78939.342)	+	(243283.356 - 62029.213) )	/ 2 )
	=	8310.976	/	( ( 163836.323	+	181254.143 )	/ 2 )
	=	8310.976	/	172545.233
	=	4.82 %

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

Zhen Ding Technology Holding (TPE:4958) 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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Zhen Ding Technology Holding (TPE:4958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhen Ding Technology Holding Ltd (TPE:4958) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Lane 28, Sanhe Road, Sanshili, Dayuan District, Taoyuan, TWN

Website

https://www.zdtco.com

Zhen Ding Technology Holding Ltd manufactures printed circuit boards, including high-density interconnection, flexible printed circuits, rigid printed circuit boards, and integrated circuit substrates. These products are used in a variety of applications, including personal computers, watches, memory and data cards, smartphones, tablets, media players, televisions, digital and video cameras, and game consoles. Zhen Ding's customers include the telecommunications, electronics, automotive, medical equipment, military equipment, and space industries.

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