Zhejiang Xiantong Rubber & Plastic Co (SHSE:603239) ROCE % : 20.76% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Zhejiang Xiantong Rubber & Plastic 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. Zhejiang Xiantong Rubber & Plastic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.76%.

Zhejiang Xiantong Rubber & Plastic Co ROCE % Historical Data

The historical data trend for Zhejiang Xiantong Rubber & Plastic 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.

* Premium members only.

Zhejiang Xiantong Rubber & Plastic Co ROCE % Chart

Zhejiang Xiantong Rubber & Plastic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

11.35

12.27

16.19

14.08

16.38

Zhejiang Xiantong Rubber & Plastic Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.84	10.72	20.82	22.18	20.76

Zhejiang Xiantong Rubber & Plastic Co ROCE % Calculation

Zhejiang Xiantong Rubber & Plastic 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 )
	=	172.74	/	( ( (1257.148 - 238.443)	+	(1430.036 - 339.354) )	/ 2 )
	=	172.74	/	( (1018.705	+	1090.682)	/ 2 )
	=	172.74	/	1054.6935
	=	16.38 %

Zhejiang Xiantong Rubber & Plastic 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 )
	=	232.328	/	( ( (1430.036 - 339.354)	+	(1464.751 - 316.869) )	/ 2 )
	=	232.328	/	( ( 1090.682	+	1147.882 )	/ 2 )
	=	232.328	/	1119.282
	=	20.76 %

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

Zhejiang Xiantong Rubber & Plastic Co (SHSE:603239) 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.

Zhejiang Xiantong Rubber & Plastic Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiang Xiantong Rubber & Plastic Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Xiantong Rubber & Plastic Co (SHSE:603239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Xiantong Rubber & Plastic Co Ltd (SHSE:603239) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Modern Industrial Gathering District, Zhejiang Province, Xianju County, Taizhou, CHN, 317306

Website

http://www.zjxiantong.com

Zhejiang Xiantong Rubber & Plastic Co Ltd is an automotive parts manufacturer. Its products comprise of vehicular seals, decorative and other automotive parts.

Executives

Li Qi Fu	Director
Jin Gui Yun	Director
Shao Xue Jun	Director

Zhejiang Xiantong Rubber & Plastic Co (SHSE:603239) Headlines

No Headlines