Shandong Qilu Huaxin Industry Co (BJSE:830832) ROCE % : 2.10% (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Shandong Qilu Huaxin Industry 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. Shandong Qilu Huaxin Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.10%.

Shandong Qilu Huaxin Industry Co ROCE % Historical Data

The historical data trend for Shandong Qilu Huaxin Industry 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.

Shandong Qilu Huaxin Industry Co ROCE % Chart

Shandong Qilu Huaxin Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

17.51

18.09

11.89

7.28

1.94

Shandong Qilu Huaxin Industry Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.09	1.10	2.93	2.53	2.10

Shandong Qilu Huaxin Industry Co ROCE % Calculation

Shandong Qilu Huaxin Industry 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 )
	=	15.843	/	( ( (1060.553 - 238.486)	+	(1039.142 - 228.114) )	/ 2 )
	=	15.843	/	( (822.067	+	811.028)	/ 2 )
	=	15.843	/	816.5475
	=	1.94 %

Shandong Qilu Huaxin Industry Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	17.068	/	( ( (1050.258 - 234.304)	+	(1052.38 - 243.838) )	/ 2 )
	=	17.068	/	( ( 815.954	+	808.542 )	/ 2 )
	=	17.068	/	812.248
	=	2.10 %

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

Shandong Qilu Huaxin Industry Co (BJSE:830832) 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.

Shandong Qilu Huaxin Industry Co ROCE % Related Terms

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

Shandong Qilu Huaxin Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Qilu Huaxin Industry Co Ltd (BJSE:830832) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Stadium Road, Zhoucun District, Shandong Province, Zibo City, CHN, 255336

Website

http://www.sdqiluhuaxin.com

Shandong Qilu Huaxin Industry Co Ltd manufacture of new petrochemical catalysis materials, environmental protection catalysis new materials, and coal chemical catalysis new materials. The company's main products are catalyst molecular sieves used in petrochemical catalysis, environmental protection catalysis, and coal chemical catalysis, mainly including ZSM-5 series molecular sieves, Y-type molecular sieves, BETA series molecular sieves, new materials for automobile exhaust treatment.

Shandong Qilu Huaxin Industry Co Headlines

No Headlines