Chengdu Zhimingda Electronics Co (SHSE:688636) ROCE % : -5.13% (As of Mar. 2024)

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What is Chengdu Zhimingda Electronics 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. Chengdu Zhimingda Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.13%.

Chengdu Zhimingda Electronics Co ROCE % Historical Data

The historical data trend for Chengdu Zhimingda Electronics 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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Chengdu Zhimingda Electronics Co ROCE % Chart

Chengdu Zhimingda Electronics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.86

26.86

18.54

7.71

9.14

Chengdu Zhimingda Electronics Co Quarterly Data
	Mar19	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															-1.75	17.38	8.29	11.66	-5.13

Chengdu Zhimingda Electronics Co ROCE % Calculation

Chengdu Zhimingda Electronics 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 )
	=	101.225	/	( ( (1507.488 - 493.692)	+	(1533.627 - 331.471) )	/ 2 )
	=	101.225	/	( (1013.796	+	1202.156)	/ 2 )
	=	101.225	/	1107.976
	=	9.14 %

Chengdu Zhimingda Electronics 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 )
	=	-60.048	/	( ( (1533.627 - 331.471)	+	(1478.835 - 340.452) )	/ 2 )
	=	-60.048	/	( ( 1202.156	+	1138.383 )	/ 2 )
	=	-60.048	/	1170.2695
	=	-5.13 %

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

Chengdu Zhimingda Electronics Co (SHSE:688636) 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.

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Chengdu Zhimingda Electronics Co (SHSE:688636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Zhimingda Electronics Co Ltd (SHSE:688636) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 229, Jingye Road, Unit D, Building H3, Qingyang District, Sichuan Province, Chengdu, CHN, 610091

Website

http://www.zmdde.com

Chengdu Zhimingda Electronics Co Ltd provides customized embedded computer modules and solutions. The company focuses on the development of embedded computers, power supplies and related system equipment, and provides customized solutions, products and services based on customer needs.

Executives

Jiang Hu	Director
Wan Chong Gang	senior management
Qin Yin	Director
Chen Yun Song	senior management
Long Bo	Director
Wang Yong	Director

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