Planet Green Holdings (FRA:A501) ROCE % : -16.19% (As of Mar. 2024)

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What is Planet Green Holdings 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. Planet Green Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.19%.

Planet Green Holdings ROCE % Historical Data

The historical data trend for Planet Green Holdings'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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Planet Green Holdings ROCE % Chart

Planet Green Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.15

-53.94

-27.05

-32.68

-61.73

Planet Green Holdings 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															-10.98	-142.72	-17.22	-97.05	-16.19

Planet Green Holdings ROCE % Calculation

Planet Green Holdings'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 )
	=	-18.625	/	( ( (57.32 - 18.477)	+	(39.092 - 17.594) )	/ 2 )
	=	-18.625	/	( (38.843	+	21.498)	/ 2 )
	=	-18.625	/	30.1705
	=	-61.73 %

Planet Green Holdings'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 )
	=	-3.4	/	( ( (39.092 - 17.594)	+	(39.467 - 18.971) )	/ 2 )
	=	-3.4	/	( ( 21.498	+	20.496 )	/ 2 )
	=	-3.4	/	20.997
	=	-16.19 %

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

Planet Green Holdings (FRA:A501) 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.

Planet Green Holdings ROCE % Related Terms

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Planet Green Holdings (FRA:A501) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Planet Green Holdings Corp (FRA:A501) » Definitions » ROCE %

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PLAG:USA

Address

130-30 31st Avenue, Suite 512, Flushing, NY, USA, 11354

Website

https://www.planetgreenholdings.com

Planet Green Holdings Corp is a diversified technology and consumer products company with a presence in North America and China engaged in Chemical Products, Tea Products, and Online Advertising Services. The company operates in three segments namely to grow, produce and distribute Cyan brick tea, black tea, and green tea in China; to research, develop, manufacture, and sell chemical products including formaldehyde, urea formaldehyde adhesive, methylal, ethanol fuel, fuel additives and clean fuel in China; and to develop and operate a demand-side platform which empowers buyers of advertising to manage and optimize their digital advertising across different real-time bidding networks in North America and China.

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