Zhongwang Fabric Co (SHSE:605003) ROCE % : 5.33% (As of Mar. 2024)

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What is Zhongwang Fabric 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. Zhongwang Fabric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.33%.

Zhongwang Fabric Co ROCE % Historical Data

The historical data trend for Zhongwang Fabric 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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Zhongwang Fabric Co ROCE % Chart

Zhongwang Fabric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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40.08

24.69

15.20

7.65

4.70

Zhongwang Fabric 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															5.68	6.04	6.48	2.43	5.33

Zhongwang Fabric Co ROCE % Calculation

Zhongwang Fabric 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 )
	=	59.974	/	( ( (1253.893 - 117.864)	+	(1584.183 - 166.172) )	/ 2 )
	=	59.974	/	( (1136.029	+	1418.011)	/ 2 )
	=	59.974	/	1277.02
	=	4.70 %

Zhongwang Fabric 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 )
	=	76.212	/	( ( (1584.183 - 166.172)	+	(1579.678 - 137.061) )	/ 2 )
	=	76.212	/	( ( 1418.011	+	1442.617 )	/ 2 )
	=	76.212	/	1430.314
	=	5.33 %

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

Zhongwang Fabric Co (SHSE:605003) 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.

Zhongwang Fabric Co ROCE % Related Terms

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Zhongwang Fabric Co (SHSE:605003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhongwang Fabric Co Ltd (SHSE:605003) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Shuihong Temple, Chongxian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311108

Website

http://www.zw-fabric.com

Zhongwang Fabric Co Ltd is engaged in design, production and sales of medium and high-end decorative fabrics and products. The company produces various middle and high end sofa fabric, contract fabric, performance fabric and raw material of special chemical fiber and provides home furnishing services like sofa renovation at the same time so as to transform from a manufacturer to a service provider.

Zhongwang Fabric Co (SHSE:605003) Headlines

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