Jiangsu Huachang Chemical Co (SZSE:002274) ROCE % : 12.92% (As of Sep. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Jiangsu Huachang 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. Jiangsu Huachang Chemical Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 12.92%.

Jiangsu Huachang Chemical Co ROCE % Historical Data

The historical data trend for Jiangsu Huachang 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.

* Premium members only.

Jiangsu Huachang Chemical Co ROCE % Chart

Jiangsu Huachang Chemical Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

8.57

11.90

10.11

57.84

23.64

Jiangsu Huachang Chemical Co 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															5.78	11.53	20.82	13.43	12.92

Jiangsu Huachang Chemical Co ROCE % Calculation

Jiangsu Huachang Chemical Co'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 )
	=	1144.138	/	( ( (8126.804 - 3642.96)	+	(8310.963 - 3115.146) )	/ 2 )
	=	1144.138	/	( (4483.844	+	5195.817)	/ 2 )
	=	1144.138	/	4839.8305
	=	23.64 %

Jiangsu Huachang Chemical Co'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 )
	=	681.024	/	( ( (7956.432 - 2745.956)	+	(7862.952 - 2532.642) )	/ 2 )
	=	681.024	/	( ( 5210.476	+	5330.31 )	/ 2 )
	=	681.024	/	5270.393
	=	12.92 %

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

Jiangsu Huachang Chemical Co (SZSE:002274) 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.

Jiangsu Huachang Chemical Co ROCE % Related Terms

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

Jiangsu Huachang Chemical Co (SZSE:002274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Huachang Chemical Co Ltd (SZSE:002274) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Nanhai Road, Yangzi River International Chemical Industrial Park, Jingang Town Duty-Free Zone, Jiangsu Province, Zhangjiagang, CHN, 215634

Website

http://www.huachangchem.cn

Jiangsu Huachang Chemical Co Ltd is a China based manufacturer and distributor of chemical fertilizers, pure soda and fine chemical products. Its product portfolio includes agrochemicals like synthetic ammonia, Urea ammonium chloride, mixed fertilizer; basic chemicals like sodium carbonate; and fine chemicals and biochemical products like polypeptide, ethylene imine, refined methanol, sodium borohydride and amino acid series, and other products.

Jiangsu Huachang Chemical Co (SZSE:002274) Headlines

No Headlines