Zhongshan Public Utilities Group Co (SZSE:000685) ROCE % : 5.01% (As of Mar. 2024)

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What is Zhongshan Public Utilities Group 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. Zhongshan Public Utilities Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.01%.

Zhongshan Public Utilities Group Co ROCE % Historical Data

The historical data trend for Zhongshan Public Utilities Group 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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Zhongshan Public Utilities Group Co ROCE % Chart

Zhongshan Public Utilities Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.77

9.67

9.66

6.79

6.51

Zhongshan Public Utilities Group 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															7.45	7.49	6.79	4.72	5.01

Zhongshan Public Utilities Group Co ROCE % Calculation

Zhongshan Public Utilities Group 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 )
	=	1300.112	/	( ( (25499.476 - 6591.349)	+	(29006.981 - 7957.306) )	/ 2 )
	=	1300.112	/	( (18908.127	+	21049.675)	/ 2 )
	=	1300.112	/	19978.901
	=	6.51 %

Zhongshan Public Utilities Group 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 )
	=	1090.148	/	( ( (29006.981 - 7957.306)	+	(29273.322 - 6802.242) )	/ 2 )
	=	1090.148	/	( ( 21049.675	+	22471.08 )	/ 2 )
	=	1090.148	/	21760.3775
	=	5.01 %

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

Zhongshan Public Utilities Group Co (SZSE:000685) 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.

Zhongshan Public Utilities Group Co ROCE % Related Terms

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Zhongshan Public Utilities Group Co (SZSE:000685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhongshan Public Utilities Group Co Ltd (SZSE:000685) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

18 Xingzhong Road, North Block, Caixing Building, Zhongshan, Guangdong, CHN, 528403

Website

http://www.zpug.net

Zhongshan Public Utilities Group Co Ltd is engaged in providing integrated environmental protection services for urban water supply and wastewater treatment. The company also deals in agricultural products, financial products, transport services, construction of municipal utilities, and solid waste treatment.

Executives

Chen Xiao Hong	Executives
Liu Xue Tao	Directors, executives
Lu Yi Liao	Director
Zhang Lei	Directors, executives
Ceng Zhi Yao	Supervisors

Zhongshan Public Utilities Group Co (SZSE:000685) Headlines

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