Zhuhai Painter Technology Co (BJSE:836871) ROCE % : 10.15% (As of Mar. 2024)

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What is Zhuhai Painter Technology 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. Zhuhai Painter Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.15%.

Zhuhai Painter Technology Co ROCE % Historical Data

The historical data trend for Zhuhai Painter Technology 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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Zhuhai Painter Technology Co ROCE % Chart

Zhuhai Painter Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.66

34.02

29.79

10.74

10.78

Zhuhai Painter Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.13	10.12	9.28	14.89	10.15

Zhuhai Painter Technology Co ROCE % Calculation

Zhuhai Painter Technology 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 )
	=	25.744	/	( ( (267.236 - 34.48)	+	(270.444 - 25.68) )	/ 2 )
	=	25.744	/	( (232.756	+	244.764)	/ 2 )
	=	25.744	/	238.76
	=	10.78 %

Zhuhai Painter Technology 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 )
	=	25.144	/	( ( (270.444 - 25.68)	+	(275.878 - 25.305) )	/ 2 )
	=	25.144	/	( ( 244.764	+	250.573 )	/ 2 )
	=	25.144	/	247.6685
	=	10.15 %

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

Zhuhai Painter Technology Co (BJSE:836871) 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.

Zhuhai Painter Technology Co ROCE % Related Terms

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Zhuhai Painter Technology Co (BJSE:836871) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Zhuhai Painter Technology Co Ltd (BJSE:836871) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Chuangye Middle Road, Shuanglin Area, Liangang Industrial Zone, Jinwan District, Guangdong Province, Zhuhai City, CHN

Website

http://www.w-painter.com

Zhuhai Painter Technology Co Ltd engages in research and development, production and sales of industrial hoses and assemblies, and modified engineering plastics. Its product portfolio comprises pressure (brake) nylon tubes, high-pressure hoses, Teflon hose resin, high precision pressure hoses, air conditioning refrigerant pipe, high-pressure hydraulic hoses (assembly design and production), hydraulic hose assembly, transition joints and other accessories, modified engineering plastics products. The company's products are widely used in various industrial mother machines, wind power industry, automobile industry, construction machinery, water conservancy, metallurgical machinery, lifting machinery, construction spraying machinery, unmanned aerial vehicles, and other industries or fields.

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