Xiamen Wanli Stone Stock Co (SZSE:002785) ROCE % : 3.69% (As of Mar. 2024)

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What is Xiamen Wanli Stone Stock 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. Xiamen Wanli Stone Stock Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.69%.

Xiamen Wanli Stone Stock Co ROCE % Historical Data

The historical data trend for Xiamen Wanli Stone Stock 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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Xiamen Wanli Stone Stock Co ROCE % Chart

Xiamen Wanli Stone Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.29

5.09

-2.29

-2.88

-4.25

Xiamen Wanli Stone Stock 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															-0.84	8.83	0.87	-19.15	3.69

Xiamen Wanli Stone Stock Co ROCE % Calculation

Xiamen Wanli Stone Stock 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 )
	=	-35.41	/	( ( (1361.804 - 729.93)	+	(1673.105 - 638.462) )	/ 2 )
	=	-35.41	/	( (631.874	+	1034.643)	/ 2 )
	=	-35.41	/	833.2585
	=	-4.25 %

Xiamen Wanli Stone Stock 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 )
	=	38.256	/	( ( (1673.105 - 638.462)	+	(1642.17 - 603.807) )	/ 2 )
	=	38.256	/	( ( 1034.643	+	1038.363 )	/ 2 )
	=	38.256	/	1036.503
	=	3.69 %

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

Xiamen Wanli Stone Stock Co (SZSE:002785) 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.

Xiamen Wanli Stone Stock Co ROCE % Related Terms

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Xiamen Wanli Stone Stock Co (SZSE:002785) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xiamen Wanli Stone Stock Co Ltd (SZSE:002785) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

201 North Hubin Road, 8th Floor, Fortune Building, Xiamen, CHN, 361012

Website

http://www.wanli.com

Xiamen Wanli Stone Stock Co Ltd is a stone integrated service provider. Its engaged in research and development, design, processing, sales and installation of architectural decorative stone and landscape stone. Its products include Slab, cut-to-size, countertop, vanity top, window sill, wall cladding, special shaped stone and garden & landscaping stone. Its products are used in airports, high-speed rail, high-end hotels and other large-scale hotels, Public buildings, commercial office buildings and residences, as well as tombstone gardens, monuments.

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