Shenzhen Baixinglong Creative Packaging Co (BJSE:833075) ROCE % : 14.01% (As of Sep. 2024)

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What is Shenzhen Baixinglong Creative Packaging 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. Shenzhen Baixinglong Creative Packaging Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.01%.

Shenzhen Baixinglong Creative Packaging Co ROCE % Historical Data

The historical data trend for Shenzhen Baixinglong Creative Packaging 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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Shenzhen Baixinglong Creative Packaging Co ROCE % Chart

Shenzhen Baixinglong Creative Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.39

14.49

24.04

14.31

12.99

Shenzhen Baixinglong Creative Packaging Co Quarterly Data
	Jun19	Dec19	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															9.83	17.52	14.57	15.14	14.01

Shenzhen Baixinglong Creative Packaging Co ROCE % Calculation

Shenzhen Baixinglong Creative Packaging 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 )
	=	54.092	/	( ( (592.755 - 183.294)	+	(687.625 - 264.509) )	/ 2 )
	=	54.092	/	( (409.461	+	423.116)	/ 2 )
	=	54.092	/	416.2885
	=	12.99 %

Shenzhen Baixinglong Creative Packaging 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 )
	=	60.592	/	( ( (622.752 - 205.961)	+	(640.347 - 192.379) )	/ 2 )
	=	60.592	/	( ( 416.791	+	447.968 )	/ 2 )
	=	60.592	/	432.3795
	=	14.01 %

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

Shenzhen Baixinglong Creative Packaging Co (BJSE:833075) 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.

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Shenzhen Baixinglong Creative Packaging Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shenzhen Baixinglong Creative Packaging Co Ltd (BJSE:833075) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 112, Qingshuihe 1st Road, Qingshuihe Community, Qingshuihe Street, Floor 601 and Building 11, Podium Building, Luohu Investment Holding Building, Luohu District, Guangdong, Shenzhen, CHN, 518023

Website

https://www.szbxl.com

Shenzhen Baixinglong Creative Packaging Co Ltd engages in the production and sales of packaging for wine, cosmetics, tea, food, and other consumer goods, and provides creative design services. It provides enterprises with a series of services such as locking the target audience of customer brands, product name selection, market positioning, product core culture refinement, product brand image construction, and appearance image design.

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