Zicom Group (ASX:ZGL) ROCE % : -4.43% (As of Dec. 2023)

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What is Zicom Group 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. Zicom Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.43%.

Zicom Group ROCE % Historical Data

The historical data trend for Zicom Group'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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Zicom Group ROCE % Chart

Zicom Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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3.63

0.76

0.52

-10.91

-11.12

Zicom Group 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															-8.40	-13.16	-12.12	-9.58	-4.43

Zicom Group ROCE % Calculation

Zicom Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-7.964	/	( ( (135.925 - 60.542)	+	(132.937 - 65.039) )	/ 2 )
	=	-7.964	/	( (75.383	+	67.898)	/ 2 )
	=	-7.964	/	71.6405
	=	-11.12 %

Zicom Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.922	/	( ( (132.937 - 65.039)	+	(151.724 - 87.676) )	/ 2 )
	=	-2.922	/	( ( 67.898	+	64.048 )	/ 2 )
	=	-2.922	/	65.973
	=	-4.43 %

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

Zicom Group (ASX:ZGL) 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.

Zicom Group ROCE % Related Terms

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Zicom Group (ASX:ZGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zicom Group Ltd (ASX:ZGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Goodman Place, Murarrie, Brisbane, QLD, AUS, 4172

Website

http://www.zicomgroup.com

Zicom Group Ltd is engaged in the manufacturing of deck machinery, gas metering stations, gas processing plants, foundation equipment, concrete mixers and precision engineered machinery, rental of foundation equipment, supply of automation products and solutions, supply of medtech equipment and products, medtech translation services and services to the offshore marine, oil and gas, construction, electronics, biomedical and agriculture industries. It operates through the following segments: Green Energy, Gas & Marine Equipment, Construction Equipment, Precision Engineering and Technologies, and Industrial and Mobile Hydraulics.

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