Zhongsheng Group Holdings (HKSE:00881) ROCE % : 14.94% (As of Jun. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Zhongsheng Group Holdings 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. Zhongsheng Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 14.94%.

Zhongsheng Group Holdings ROCE % Historical Data

The historical data trend for Zhongsheng Group Holdings'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.

* Premium members only.

Zhongsheng Group Holdings ROCE % Chart

Zhongsheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

23.01

24.26

26.34

16.20

12.45

Zhongsheng Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															27.09	17.71	15.78	14.94	10.74

Zhongsheng Group Holdings ROCE % Calculation

Zhongsheng Group Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	11356.326	/	( ( (104660.19 - 34751.472)	+	(102547.264 - 32263.78) )	/ 2 )
	=	11356.326	/	( (69908.718	+	70283.484)	/ 2 )
	=	11356.326	/	70096.101
	=	16.20 %

Zhongsheng Group Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	10425.154	/	( ( (102547.264 - 32263.78)	+	(108269.214 - 39038.819) )	/ 2 )
	=	10425.154	/	( ( 70283.484	+	69230.395 )	/ 2 )
	=	10425.154	/	69756.9395
	=	14.94 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Zhongsheng Group Holdings (HKSE:00881) 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.

Zhongsheng Group Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Zhongsheng Group Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhongsheng Group Holdings (HKSE:00881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongsheng Group Holdings Ltd (HKSE:00881) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZSHGY:USA 5Z0:Germany

Address

No. 20 Hequ Street, Shahekou District, Dalian, CHN, 116000

Website

https://www.zs-group.com.cn

Zhongsheng Group Holdings Ltd is an automobile dealer in China. The company is focused on luxury and mid-to-high end automobile brands including luxury brands of Mercedes-Benz, Lexus and Audi, Porsche and Landrover, and mid-to-high end brands of Toyota, Nissan, and Volkswagen, Chrysler. It provides sales and services for motor vehicles.

Zhongsheng Group Holdings (HKSE:00881) Headlines

No Headlines