Changmao Biochemical Engineering Co (HKSE:00954) ROCE % : -3.06% (As of Jun. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Changmao Biochemical Engineering 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. Changmao Biochemical Engineering Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.06%.

Changmao Biochemical Engineering Co ROCE % Historical Data

The historical data trend for Changmao Biochemical Engineering 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.

Changmao Biochemical Engineering Co ROCE % Chart

Changmao Biochemical Engineering Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

Get a 7-Day Free Trial

2.70

12.99

10.62

-5.46

-7.09

Changmao Biochemical Engineering Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															8.61	2.00	-13.31	-3.06	-10.86

Changmao Biochemical Engineering Co ROCE % Calculation

Changmao Biochemical Engineering 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 )
	=	-55.779	/	( ( (1347.601 - 305.999)	+	(1359.016 - 355.738) )	/ 2 )
	=	-55.779	/	( (1041.602	+	1003.278)	/ 2 )
	=	-55.779	/	1022.44
	=	-5.46 %

Changmao Biochemical Engineering Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-30.222	/	( ( (1359.016 - 355.738)	+	(1365.832 - 395.602) )	/ 2 )
	=	-30.222	/	( ( 1003.278	+	970.23 )	/ 2 )
	=	-30.222	/	986.754
	=	-3.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Changmao Biochemical Engineering Co (HKSE:00954) 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.

Changmao Biochemical Engineering Co ROCE % Related Terms

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

Changmao Biochemical Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Changmao Biochemical Engineering Co Ltd (HKSE:00954) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1228 Chang Jiang Bei Road, New North Zone, Jiangsu Province, Changzhou City, CHN, 213034

Website

http://www.cmbec.com.hk

Changmao Biochemical Engineering Co Ltd is an organic acid producer in the PRC. It produces organic acids products for sale to the food additive, chemical, and pharmaceutical industries. Its products are organic acids and their derivatives with four carbons in their structures including fumaric acid, maleic acid, L-malic acid, D-malic acid, DL-malic acid, L(+)-tartaric acid, D(-)-tartaric acid, DL-tartaric acid, L-aspartic acid, and aspartame. These products are used as food additives or medical intermediaries. Its products are produced along vertical production chains. Its geographic locations include Mainland China, Europe includes Great Britain, Germany, Turkey, Spain, and Italy, Asia Pacific includes Hong Kong, Indonesia, Australia, India, Thailand and Japan, America, and Others.

Executives

Leng Yixin	2202 Interest of your spouse
Rui Xinsheng	2101 Beneficial owner

Changmao Biochemical Engineering Co Headlines

No Headlines