Yueyang Xingchang Petro-Chemical Co (SZSE:000819) ROCE % : 4.89% (As of Mar. 2024)

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What is Yueyang Xingchang Petro-Chemical 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. Yueyang Xingchang Petro-Chemical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.89%.

Yueyang Xingchang Petro-Chemical Co ROCE % Historical Data

The historical data trend for Yueyang Xingchang Petro-Chemical 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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Yueyang Xingchang Petro-Chemical Co ROCE % Chart

Yueyang Xingchang Petro-Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.50

4.68

9.68

9.87

6.81

Yueyang Xingchang Petro-Chemical Co 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															7.11	13.44	7.35	5.94	4.89

Yueyang Xingchang Petro-Chemical Co ROCE % Calculation

Yueyang Xingchang Petro-Chemical 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 )
	=	127.69	/	( ( (1387.383 - 245.755)	+	(3402.086 - 792.861) )	/ 2 )
	=	127.69	/	( (1141.628	+	2609.225)	/ 2 )
	=	127.69	/	1875.4265
	=	6.81 %

Yueyang Xingchang Petro-Chemical 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 )
	=	126.228	/	( ( (3402.086 - 792.861)	+	(3097.325 - 539.936) )	/ 2 )
	=	126.228	/	( ( 2609.225	+	2557.389 )	/ 2 )
	=	126.228	/	2583.307
	=	4.89 %

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

Yueyang Xingchang Petro-Chemical Co (SZSE:000819) 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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Yueyang Xingchang Petro-Chemical Co (SZSE:000819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yueyang Xingchang Petro-Chemical Co Ltd (SZSE:000819) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yuxi District, Yueyang, Hunan, CHN, 414012

Website

http://www.yyxc0819.com

Yueyang Xingchang Petro-Chemical Co Ltd is a company primarily engaged in the manufacturing of petroleum chemical products. Its main products include polypropylene, liquefied gas, propylene, and methyl tertiary butyl ether (MTBE). Geographically, the activities are carried out through China.

Executives

Xie Lu Guo	Independent director
Liu Qing Rui	Directors, executives
Lv Qin Hai	Supervisors
Peng Shi Dai	Director
Zhang Quan Bin	Supervisors
Deng He Ping	Director
Yi Da Sheng	Director

Yueyang Xingchang Petro-Chemical Co (SZSE:000819) Headlines

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