China Risun Group (FRA:45Y) ROCE % : 8.58% (As of Dec. 2023)

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What is China Risun 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 Risun Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.58%.

China Risun Group ROCE % Historical Data

The historical data trend for China Risun 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.

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China Risun Group ROCE % Chart

China Risun Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.65

25.13

27.23

15.42

8.82

China Risun Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										16.97	25.39	5.95	8.22	8.58

China Risun Group ROCE % Calculation

China Risun 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 )
	=	260.9	/	( ( (6242.506 - 3391.489)	+	(6914.07 - 3847.109) )	/ 2 )
	=	260.9	/	( (2851.017	+	3066.961)	/ 2 )
	=	260.9	/	2958.989
	=	8.82 %

China Risun 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 )
	=	271.48	/	( ( (6807.727 - 3548.753)	+	(6914.07 - 3847.109) )	/ 2 )
	=	271.48	/	( ( 3258.974	+	3066.961 )	/ 2 )
	=	271.48	/	3162.9675
	=	8.58 %

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

China Risun Group (FRA:45Y) 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 Risun Group ROCE % Related Terms

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China Risun Group (FRA:45Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Risun Group Ltd (FRA:45Y) » Definitions » ROCE %

Traded in Other Exchanges

01907:Hong Kong

Address

Sihezhuang No. 2 Road, Building 1, Risun Plaza, Huaxiang Town, Fengtai District, Beijing, CHN, 100070

Website

http://www.risun.com

China Risun Group Ltd is an integrated coke, coking chemical, and refined chemical producer and supplier in China. The company's business segments are Coke and Coking Chemicals, Refined Chemicals, Operation management, and Trading. It generates maximum revenue from Coke and Coking Chemicals segment. It also produces coking chemical products mainly coal tar, coke oven gas, and crude benzene.

China Risun Group (FRA:45Y) Headlines

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