ZYNP (SZSE:002448) ROCE % : 11.07% (As of Mar. 2024)

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What is ZYNP 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. ZYNP's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.07%.

ZYNP ROCE % Historical Data

The historical data trend for ZYNP'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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ZYNP ROCE % Chart

ZYNP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.00

6.03

7.54

5.94

9.81

ZYNP 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															10.95	12.65	9.69	6.20	11.07

ZYNP ROCE % Calculation

ZYNP'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 )
	=	389.732	/	( ( (5133.478 - 1253.089)	+	(5703.864 - 1639.67) )	/ 2 )
	=	389.732	/	( (3880.389	+	4064.194)	/ 2 )
	=	389.732	/	3972.2915
	=	9.81 %

ZYNP'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 )
	=	456.5	/	( ( (5703.864 - 1639.67)	+	(5762.319 - 1577.212) )	/ 2 )
	=	456.5	/	( ( 4064.194	+	4185.107 )	/ 2 )
	=	456.5	/	4124.6505
	=	11.07 %

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

ZYNP (SZSE:002448) 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.

ZYNP ROCE % Related Terms

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ZYNP (SZSE:002448) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZYNP Corp (SZSE:002448) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.146, Road Hanyu, Mengzhou City, Henan Province, CHN, 454750

Website

http://www.hnzynp.com

ZYNP Corp is the manufacturer of cylinder liners. The company's products are mainly applied in commercial vehicles, passenger vehicles, engineering machinery, agricultural machinery, garden machinery, military, ships and generator sets, among others.

Executives

Xue De Long	Director
Zhang Dong Mei	Director
Xue Jian Jun	Supervisors
Xue Ya Hui	Directors, executives
Huang Quan Fu	Supervisors
Qian Li Yong	Executives
Liu Zhi Jun	Directors, executives
Liu Xiang Ning	Secretary Dong
Zhao Fei	Supervisors
Liu Dong Ping	Directors, executives
Wang Zhong Ying	Director
Cui Shi Ju	Supervisors
Yao Shou Tong	Director
Dang Zeng Jun	Directors, executives

ZYNP (SZSE:002448) Headlines

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