Pulike Biological Engineering (SHSE:603566) ROCE % : 4.62% (As of Mar. 2024)

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What is Pulike Biological Engineering 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. Pulike Biological Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.62%.

Pulike Biological Engineering ROCE % Historical Data

The historical data trend for Pulike Biological Engineering'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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Pulike Biological Engineering ROCE % Chart

Pulike Biological Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.99

15.16

15.32

7.66

6.99

Pulike Biological Engineering 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															10.61	7.89	9.58	-0.62	4.62

Pulike Biological Engineering ROCE % Calculation

Pulike Biological Engineering'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 )
	=	195.535	/	( ( (3395.53 - 556.134)	+	(3262.209 - 508.029) )	/ 2 )
	=	195.535	/	( (2839.396	+	2754.18)	/ 2 )
	=	195.535	/	2796.788
	=	6.99 %

Pulike Biological Engineering'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 )
	=	127.656	/	( ( (3262.209 - 508.029)	+	(3205.137 - 436.327) )	/ 2 )
	=	127.656	/	( ( 2754.18	+	2768.81 )	/ 2 )
	=	127.656	/	2761.495
	=	4.62 %

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

Pulike Biological Engineering (SHSE:603566) 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.

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Pulike Biological Engineering (SHSE:603566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Pulike Biological Engineering Inc (SHSE:603566) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

15th New governance, Henan Province, Luoyang, CHN, 471000

Website

http://www.pulike.com.cn

Pulike Biological Engineering Inc is engaged in the research and development and production and operation of veterinary drugs.

Executives

Sun Jin Zhong	Director
Zhang Zhen	Supervisors
Wang Zhu Yi	Supervisors
Ma Sui Ying	Director
Song Yong Jun	Director
Hu Wei	Director
Qiao Rong Cen	senior management
Zhou Li Peng	senior management
Tian Ke Gong	senior management
Kang Du Li	senior management
Zhao Rui	senior management
Qin De Chao	Director
Pei Lian Feng	senior management
Zhang Li Chang	Director
Zhang Xu Ke	Director

Pulike Biological Engineering (SHSE:603566) Headlines

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