China Shanshui Cement Group (China Shanshui Cement Group) ROCE % : -6.11% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is China Shanshui Cement Group 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. China Shanshui Cement Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.11%.

China Shanshui Cement Group ROCE % Historical Data

The historical data trend for China Shanshui Cement Group'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.

China Shanshui Cement Group ROCE % Chart

China Shanshui Cement Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

32.85

28.78

22.84

6.78

-3.35

China Shanshui Cement Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															26.92	7.78	5.95	-0.72	-6.11

China Shanshui Cement Group ROCE % Calculation

China Shanshui Cement Group'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 )
	=	-97.374	/	( ( (4512.138 - 1497.207)	+	(4309.881 - 1503.541) )	/ 2 )
	=	-97.374	/	( (3014.931	+	2806.34)	/ 2 )
	=	-97.374	/	2910.6355
	=	-3.35 %

China Shanshui Cement Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-173.486	/	( ( (4549.728 - 1679.093)	+	(4309.881 - 1503.541) )	/ 2 )
	=	-173.486	/	( ( 2870.635	+	2806.34 )	/ 2 )
	=	-173.486	/	2838.4875
	=	-6.11 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Shanshui Cement Group (OTCPK:CCGLF) 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.

China Shanshui Cement Group ROCE % Related Terms

Thank you for viewing the detailed overview of China Shanshui Cement Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China Shanshui Cement Group (China Shanshui Cement Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Shanshui Cement Group Ltd (OTCPK:CCGLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

00691:Hong Kong

Address

Shanshui Industrial Park, Gushan Town, Changqing District, Shandong, Jinan, CHN, 250307

Website

http://www.shanshuicement.com

China Shanshui Cement Group Ltd is a cement producer in China. The company manufactures and sells cement, clinker, and concrete in several provinces of China. Its geographic segments include Shandong Province which contributes to the majority of revenue and several other provinces of China that include Northeastern China, Shanxi Province, and Xinjiang Region. Its products are used for national key projects, railways, highways, airports, real estates and other infrastructure construction and exported to more than 60 countries and other international markets.

China Shanshui Cement Group (China Shanshui Cement Group) Headlines

No Headlines