Panda Financial Holding (SHSE:600599) ROCE %

: 3.76% (As of Sep. 2023)

View and export this data going back to 2001. Start your Free Trial

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. Panda Financial Holding's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.76%.

Panda Financial Holding ROCE % Historical Data

The historical data trend for Panda Financial Holding'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.

Panda Financial Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-3.90

-9.58

10.03

14.57

16.13

Panda Financial Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																2.31	11.81	14.07	14.28	3.76

Panda Financial Holding ROCE % Calculation

Panda Financial Holding'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 )
	=	120.233	/	( ( (919.07 - 216.258)	+	(990.092 - 202.342) )	/ 2 )
	=	120.233	/	( (702.812	+	787.75)	/ 2 )
	=	120.233	/	745.281
	=	16.13 %

Panda Financial Holding'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 )
	=	31.34	/	( ( (1009.589 - 176.836)	+	(1015.86 - 179.697) )	/ 2 )
	=	31.34	/	( ( 832.753	+	836.163 )	/ 2 )
	=	31.34	/	834.458
	=	3.76 %

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

Panda Financial Holding (SHSE:600599) 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.

Panda Financial Holding ROCE % Related Terms

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

Panda Financial Holding (SHSE:600599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Panda Financial Holding Corp Ltd (SHSE:600599) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 589 Jinsha North Road, Hunan Province, Liuyang, CHN, 410300

Website

http://www.pandafireworks.com

Panda Financial Holding Corp Ltd manufactures and distributes fireworks. It also provides services ranging from procurement to working with customers to tailor its own products.

Panda Financial Holding (SHSE:600599) Headlines

No Headlines