Hubei Zhongyi Technology (SZSE:301150) ROCE % : -5.26% (As of Mar. 2024)

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What is Hubei Zhongyi Technology 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. Hubei Zhongyi Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.26%.

Hubei Zhongyi Technology ROCE % Historical Data

The historical data trend for Hubei Zhongyi Technology'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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Hubei Zhongyi Technology ROCE % Chart

Hubei Zhongyi Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.41

34.32

51.55

18.56

1.30

Hubei Zhongyi Technology Quarterly Data
	Dec18	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															5.58	-1.95	-1.96	3.45	-5.26

Hubei Zhongyi Technology ROCE % Calculation

Hubei Zhongyi Technology'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 )
	=	51.098	/	( ( (4662.448 - 628.714)	+	(5462.553 - 1619.6) )	/ 2 )
	=	51.098	/	( (4033.734	+	3842.953)	/ 2 )
	=	51.098	/	3938.3435
	=	1.30 %

Hubei Zhongyi Technology'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 )
	=	-197.932	/	( ( (5462.553 - 1619.6)	+	(5574.533 - 1889.96) )	/ 2 )
	=	-197.932	/	( ( 3842.953	+	3684.573 )	/ 2 )
	=	-197.932	/	3763.763
	=	-5.26 %

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

Hubei Zhongyi Technology (SZSE:301150) 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.

Hubei Zhongyi Technology ROCE % Related Terms

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Hubei Zhongyi Technology (SZSE:301150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hubei Zhongyi Technology Inc (SZSE:301150) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 47, Mengze Avenue South, Economic Development Zone, Hubei Province, Yunmeng, CHN, 432500

Website

http://www.c1cf.com

Hubei Zhongyi Technology Inc is engaged in the research and development, production and sales of various single and double-sided optical high-performance electrolytic copper foil series products.

Executives

Yin Tao

Director

Hubei Zhongyi Technology (SZSE:301150) Headlines

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