Shenzhen Zesum Technology Co (SZSE:301486) ROCE % : 5.20% (As of Mar. 2024)

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What is Shenzhen Zesum Technology 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. Shenzhen Zesum Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.20%.

Shenzhen Zesum Technology Co ROCE % Historical Data

The historical data trend for Shenzhen Zesum Technology 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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Shenzhen Zesum Technology Co ROCE % Chart

Shenzhen Zesum Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.44

18.82

17.09

16.61

5.18

Shenzhen Zesum Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												8.47	11.99	3.95	3.44	5.20

Shenzhen Zesum Technology Co ROCE % Calculation

Shenzhen Zesum Technology 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 )
	=	93.448	/	( ( (1177.841 - 163.67)	+	(2697.997 - 101.39) )	/ 2 )
	=	93.448	/	( (1014.171	+	2596.607)	/ 2 )
	=	93.448	/	1805.389
	=	5.18 %

Shenzhen Zesum Technology 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 )
	=	136.688	/	( ( (2697.997 - 101.39)	+	(2920.046 - 255.938) )	/ 2 )
	=	136.688	/	( ( 2596.607	+	2664.108 )	/ 2 )
	=	136.688	/	2630.3575
	=	5.20 %

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

Shenzhen Zesum Technology Co (SZSE:301486) 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.

Shenzhen Zesum Technology Co ROCE % Related Terms

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Shenzhen Zesum Technology Co (SZSE:301486) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Zesum Technology Co Ltd (SZSE:301486) » Definitions » ROCE %

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Address

Matian Street, Floor 1, Building A, Zhishang Technology Park, Mashantou Community, Guangming District, Guangdong Province, Shenzhen, CHN, 518106

Website

http://www.zesum.com

Shenzhen Zesum Technology Co Ltd focuses on the research and development and manufacturing of precision electronic parts, and is committed to the research and development, design, production and sales of gaming machines, VR/AR equipment, professional audio based consumer electronics, communication electronics and automotive electronics and other parts. The company's main products include game parts, electronic connectors, optical fiber connectors, precision structural parts and metal milling tools, electronic automization equipment and others covering various consumer electronics, communication electronics and automotive electronics and other fields.

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