Zhejiang Reclaim Construction Group Co (SZSE:002586) ROCE % : -6.72% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Zhejiang Reclaim Construction 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. Zhejiang Reclaim Construction Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.72%.

Zhejiang Reclaim Construction Group Co ROCE % Historical Data

The historical data trend for Zhejiang Reclaim Construction 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.

* Premium members only.

Zhejiang Reclaim Construction Group Co ROCE % Chart

Zhejiang Reclaim Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-17.01

-5.95

2.20

-10.55

-1.70

Zhejiang Reclaim Construction 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															-0.31	-2.14	-2.20	-1.25	-6.72

Zhejiang Reclaim Construction Group Co ROCE % Calculation

Zhejiang Reclaim Construction 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 )
	=	-60.466	/	( ( (8241.62 - 4564.213)	+	(7681.75 - 4238.677) )	/ 2 )
	=	-60.466	/	( (3677.407	+	3443.073)	/ 2 )
	=	-60.466	/	3560.24
	=	-1.70 %

Zhejiang Reclaim Construction 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 )
	=	-230.064	/	( ( (7681.75 - 4238.677)	+	(7254.909 - 3853.849) )	/ 2 )
	=	-230.064	/	( ( 3443.073	+	3401.06 )	/ 2 )
	=	-230.064	/	3422.0665
	=	-6.72 %

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

Zhejiang Reclaim Construction Group Co (SZSE:002586) 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 Reclaim Construction Group Co ROCE % Related Terms

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

Zhejiang Reclaim Construction Group Co (SZSE:002586) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Reclaim Construction Group Co Ltd (SZSE:002586) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1009, Guangxian Road, Yinzhou District, Zhejiang, Ningbo, CHN, 315040

Website

http://www.zjwh.com.cn

Zhejiang Reclaim Construction Group Co Ltd is engaged in water conservancy and hydropower project construction, port and waterway engineering, urban flood control works, reservoir engineering, housing construction, municipal engineering construction, and blasting and dismantling.

Executives

Yin Hang Jun	Executives
Zhang Chen Wang	Director
Wang Zhi Qiang	Supervisors
Yu Yuan Hong	Executives
Huang Xian Mei	Independent director
Zhong Cheng Rong	Director
Qian Hao	Executives
Yu Jian Hong	Executives
Tong Ben Li	Independent director
Zhang Zi He	Director
Chen Meng Lu	Supervisors, securities affairs representatives
Su Xiao Bing	Supervisors
Wang Zhang Quan	Directors, executives
Xu Li Jun	Supervisors
Cheng Di Long	Secretary Dong

Zhejiang Reclaim Construction Group Co (SZSE:002586) Headlines

No Headlines