Gulf Resources (STU:R29B) ROCE % : -3.35% (As of Sep. 2023)

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

What is Gulf Resources 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. Gulf Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was -3.35%.

Gulf Resources ROCE % Historical Data

The historical data trend for Gulf Resources'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.

Gulf Resources ROCE % Chart

Gulf Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-24.92

-8.13

-3.21

1.96

6.01

Gulf Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															17.64	-0.60	-1.03	-1.22	-3.35

Gulf Resources ROCE % Calculation

Gulf Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	15.829	/	( ( (274.223 - 12.293)	+	(276.055 - 11.117) )	/ 2 )
	=	15.829	/	( (261.93	+	264.938)	/ 2 )
	=	15.829	/	263.434
	=	6.01 %

Gulf Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-8.38	/	( ( (256.877 - 8.97)	+	(261.323 - 9.249) )	/ 2 )
	=	-8.38	/	( ( 247.907	+	252.074 )	/ 2 )
	=	-8.38	/	249.9905
	=	-3.35 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Gulf Resources (STU:R29B) 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.

Gulf Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Gulf Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gulf Resources (STU:R29B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gulf Resources Inc (STU:R29B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GURE:USA

Address

Level 11, Vegetable Building, Industrial Park of the East Shouguang City, Shandong, Shouguang, CHN, 262700

Website

http://www.gulfresourcesinc.com

Gulf Resources Inc is a holding company engaged in the manufacture and trade of bromine and crude salt, and natural gas; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. It operates in four segments: Bromine, Crude Salt, Chemical Products, and Natural Gas. It derives maximum revenue from the Bromine segment which is commonly used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.

Gulf Resources (STU:R29B) Headlines

No Headlines