Chinanjiang Fine Chemicals Co (Chinanjiang Fine Chemicals Co) ROCE % : 3.95% (As of Dec. 2023)

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What is Chinanjiang Fine Chemicals 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. Chinanjiang Fine Chemicals Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.95%.

Chinanjiang Fine Chemicals Co ROCE % Historical Data

The historical data trend for Chinanjiang Fine Chemicals 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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Chinanjiang Fine Chemicals Co ROCE % Chart

Chinanjiang Fine Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.17

30.64

9.12

-2.61

2.86

Chinanjiang Fine Chemicals Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															3.29	0.47	-5.57	1.96	3.95

Chinanjiang Fine Chemicals Co ROCE % Calculation

Chinanjiang Fine Chemicals 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 )
	=	32.928	/	( ( (2618.959 - 1521.698)	+	(2941.342 - 1739.396) )	/ 2 )
	=	32.928	/	( (1097.261	+	1201.946)	/ 2 )
	=	32.928	/	1149.6035
	=	2.86 %

Chinanjiang Fine Chemicals Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	44.652	/	( ( (2891.289 - 1832.638)	+	(2941.342 - 1739.396) )	/ 2 )
	=	44.652	/	( ( 1058.651	+	1201.946 )	/ 2 )
	=	44.652	/	1130.2985
	=	3.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Chinanjiang Fine Chemicals Co (OTCPK:CNSJF) 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.

Chinanjiang Fine Chemicals Co ROCE % Related Terms

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Chinanjiang Fine Chemicals Co (Chinanjiang Fine Chemicals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Sanjiang Fine Chemicals Co Ltd (OTCPK:CNSJF) » Definitions » ROCE %

Traded in Other Exchanges

02198:Hong Kong

Address

Pinghai Road, Jiaxing Port Area, Zhejiang Province, Jiaxing, CHN

Website

https://www.chinasanjiang.com

China Sanjiang Fine Chemicals Co Ltd manufactures and supplies chemicals in China. The company's products portfolio includes ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether and surfactants and provides surfactants processing service. Besides, it also produces and distributes C4, crude pentene and industrial gasses, such as oxygen, nitrogen, and argon.

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