Chia Tai Enterprises International (Chia Tai Enterprises International) ROCE % : 0.73% (As of Dec. 2023)

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What is Chia Tai Enterprises International 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. Chia Tai Enterprises International's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.73%.

Chia Tai Enterprises International ROCE % Historical Data

The historical data trend for Chia Tai Enterprises International'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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Chia Tai Enterprises International ROCE % Chart

Chia Tai Enterprises International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.82

6.96

10.75

-0.61

1.78

Chia Tai Enterprises International Quarterly Data
	Sep15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.77	1.82	-	1.48	0.73

Chia Tai Enterprises International ROCE % Calculation

Chia Tai Enterprises International'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 )
	=	4.897	/	( ( (350.585 - 77.314)	+	(377.374 - 100.088) )	/ 2 )
	=	4.897	/	( (273.271	+	277.286)	/ 2 )
	=	4.897	/	275.2785
	=	1.78 %

Chia Tai Enterprises International'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1.984	/	( ( (349.107 - 82.074)	+	(377.374 - 100.088) )	/ 2 )
	=	1.984	/	( ( 267.033	+	277.286 )	/ 2 )
	=	1.984	/	272.1595
	=	0.73 %

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

Chia Tai Enterprises International (GREY:CAIHF) 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.

Chia Tai Enterprises International ROCE % Related Terms

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Chia Tai Enterprises International (Chia Tai Enterprises International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chia Tai Enterprises International Ltd (GREY:CAIHF) » Definitions » ROCE %

Traded in Other Exchanges

03839:Hong Kong

Address

16 Harcourt Road, 21st Floor, Far East Finance Centre, Hong Kong, HKG

Website

http://www.ctei.com.hk/html/corporate.php

Chia Tai Enterprises International Ltd engaged in the manufacture and sale of chlortetracycline (CTC) products. The company's operating segment includes Biochemical operations and Industrial operations. It generates maximum revenue from the Biochemical operations segment, which is engaged in the manufacture and sale of chlortetracycline and other related products. The Industrial segment is into trading of machinery and the manufacture and sale of automotive parts through the group's joint venture and associate. Its geographical segments are Mainland China, Asia Pacific (excluding mainland China), Americas, Europe, and Others.

Chia Tai Enterprises International (Chia Tai Enterprises International) Headlines

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