Zhecheng Huifeng Diamond Technology Co (BJSE:839725) ROCE % : 0.99% (As of Mar. 2024)

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What is Zhecheng Huifeng Diamond 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. Zhecheng Huifeng Diamond Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.99%.

Zhecheng Huifeng Diamond Technology Co ROCE % Historical Data

The historical data trend for Zhecheng Huifeng Diamond 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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Zhecheng Huifeng Diamond Technology Co ROCE % Chart

Zhecheng Huifeng Diamond Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.20

24.32

33.65

19.67

11.99

Zhecheng Huifeng Diamond Technology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.10	15.71	6.16	13.88	0.99

Zhecheng Huifeng Diamond Technology Co ROCE % Calculation

Zhecheng Huifeng Diamond 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 )
	=	79.235	/	( ( (827.355 - 204.65)	+	(866.588 - 168.075) )	/ 2 )
	=	79.235	/	( (622.705	+	698.513)	/ 2 )
	=	79.235	/	660.609
	=	11.99 %

Zhecheng Huifeng Diamond 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 )
	=	6.92	/	( ( (866.588 - 168.075)	+	(877.374 - 177.07) )	/ 2 )
	=	6.92	/	( ( 698.513	+	700.304 )	/ 2 )
	=	6.92	/	699.4085
	=	0.99 %

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

Zhecheng Huifeng Diamond Technology Co (BJSE:839725) 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.

Zhecheng Huifeng Diamond Technology Co ROCE % Related Terms

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Zhecheng Huifeng Diamond Technology Co (BJSE:839725) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhecheng Huifeng Diamond Technology Co Ltd (BJSE:839725) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 10, Beihai Road, Industrial Cluster Area, Zhecheng County, Henan Province, Shangqiu City, CHN, 476200

Website

http://www.hfdiamond.com

Zhecheng Huifeng Diamond Technology Co Ltd engages in research and development, production, and sales of synthetic single-crystal diamond powder. It provides technical solutions for customers. It also develops diamond powder surface modification products and single-crystal nano-diamond. Its product series comprises Diamond Micropowder Universal Series, Diamond powder special series, Diamond powder characteristic series, Diamond crushing material and shaping material series, Plated diamond Product series, Modified diamond series, Diamond Micropowder Super Type Three Series, Diamond micro powder super strong type four series.

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