Zhengwei Group Holdings Co (HKSE:02147) ROCE % : 20.53% (As of Dec. 2023)

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What is Zhengwei Group Holdings 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. Zhengwei Group Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.53%.

Zhengwei Group Holdings Co ROCE % Historical Data

The historical data trend for Zhengwei Group Holdings 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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Zhengwei Group Holdings Co ROCE % Chart

Zhengwei Group Holdings Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

40.73

34.92

32.31

22.65

22.66

Zhengwei Group Holdings Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			38.53	21.33	24.97	22.26	20.53

Zhengwei Group Holdings Co ROCE % Calculation

Zhengwei Group Holdings 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 )
	=	87.068	/	( ( (420.766 - 130.371)	+	(571.801 - 93.891) )	/ 2 )
	=	87.068	/	( (290.395	+	477.91)	/ 2 )
	=	87.068	/	384.1525
	=	22.66 %

Zhengwei Group Holdings Co'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 )
	=	93.568	/	( ( (531.954 - 98.553)	+	(571.801 - 93.891) )	/ 2 )
	=	93.568	/	( ( 433.401	+	477.91 )	/ 2 )
	=	93.568	/	455.6555
	=	20.53 %

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

Zhengwei Group Holdings Co (HKSE:02147) 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.

Zhengwei Group Holdings Co ROCE % Related Terms

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Zhengwei Group Holdings Co (HKSE:02147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (HKSE:02147) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

487 Yuhu Road, Xiaolan Economic Development Zone, Nanchang, CHN

Website

https://www.zhengwei100.com

Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from PRC.

Executives

Lin Qiu Yun	2101 Beneficial owner
Yang Shengyao	2201 Interest of corporation controlled by you
Shengyao Investment Group Limited	2101 Beneficial owner
Nan Chang Xian Wen Hua Lv You Tou Zi You Xian Gong Si	2101 Beneficial owner
Nan Chang Xian Ke Ji He Gong Ye Xun Xi Hua Ju	2201 Interest of corporation controlled by you
Lin Qiuyun	2201 Interest of corporation controlled by you
Trendy Peak International Limited	2101 Beneficial owner
Prosperous Season Group Limited	2101 Beneficial owner
Best Talent Venture Holdings Limited	2101 Beneficial owner
Chang Nan Financial Control Limited	2101 Beneficial owner
Pluto Universal Holdings Limited	2101 Beneficial owner
Lei Junfeng	2201 Interest of corporation controlled by you
Li Hui	2201 Interest of corporation controlled by you
Nan Chang Shi Tong Li Qi Ye Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Nan Chang Xian Chang Nan Jin Kong Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you

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