ZX (HKSE:09890) ROCE % : 19.53% (As of Dec. 2023)

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What is ZX 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. ZX's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.53%.

ZX ROCE % Historical Data

The historical data trend for ZX'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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ZX ROCE % Chart

ZX Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-152.27

64.24

36.34

19.53

ZX Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	-152.27	64.24	36.34	19.53

ZX ROCE % Calculation

ZX'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 )
	=	467.835	/	( ( (10942.583 - 8810.841)	+	(7949.815 - 5289.73) )	/ 2 )
	=	467.835	/	( (2131.742	+	2660.085)	/ 2 )
	=	467.835	/	2395.9135
	=	19.53 %

ZX'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	467.835	/	( ( (10942.583 - 8810.841)	+	(7949.815 - 5289.73) )	/ 2 )
	=	467.835	/	( ( 2131.742	+	2660.085 )	/ 2 )
	=	467.835	/	2395.9135
	=	19.53 %

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

ZX (HKSE:09890) 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.

ZX ROCE % Related Terms

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ZX (HKSE:09890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ZX Inc (HKSE:09890) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Olympic Stadium South Road, Tanwan Game Building, Building B, Synaesthesia Thinking Industrial Park, Tianhe, Guangdong, Guangzhou, CHN

Website

https://www.zx.com

ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of 11 game products for more than five years and 28 game products for more than three years.

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