China Sunshine Paper Holdings Co. (HKSE:02002) ROCE % : 11.14% (As of Jun. 2024)

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What is China Sunshine Paper Holdings 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. China Sunshine Paper Holdings Co.'s annualized ROCE % for the quarter that ended in Jun. 2024 was 11.14%.

China Sunshine Paper Holdings Co. ROCE % Historical Data

The historical data trend for China Sunshine Paper Holdings 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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China Sunshine Paper Holdings Co. ROCE % Chart

China Sunshine Paper Holdings Co. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.69

24.81

19.47

8.98

12.15

China Sunshine Paper Holdings Co. Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															12.86	5.61	12.22	12.89	11.14

China Sunshine Paper Holdings Co. ROCE % Calculation

China Sunshine Paper Holdings 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 )
	=	843.307	/	( ( (13517.188 - 6681)	+	(13295.03 - 6250.234) )	/ 2 )
	=	843.307	/	( (6836.188	+	7044.796)	/ 2 )
	=	843.307	/	6940.492
	=	12.15 %

China Sunshine Paper Holdings 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 )
	=	802.002	/	( ( (13295.03 - 6250.234)	+	(13016.488 - 5665.494) )	/ 2 )
	=	802.002	/	( ( 7044.796	+	7350.994 )	/ 2 )
	=	802.002	/	7197.895
	=	11.14 %

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

China Sunshine Paper Holdings Co. (HKSE:02002) 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 Sunshine Paper Holdings Co. ROCE % Related Terms

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China Sunshine Paper Holdings Co. Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » China Sunshine Paper Holdings Co. Ltd (HKSE:02002) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 607 Shouyangshan Road, Changle Economic Development Zone, Shandong, Weifang, CHN, 262400

Website

https://www.sunshinepaper.com.cn

China Sunshine Paper Holdings Co. Ltd is principally engaged in the production and sale of paper products, electricity, and steam. The business activity of the firm is operated through White Top Linerboard, Coated white top liner board, Core Board, Specialised Paper Products, Corrugated Paper, and Electricity and Steam segments. The company offers products under three categories; Paper which includes an Uncoated white top test liner, coated white top liner core boar base paper, medium, and specialty paper; Preprint products, and Carton products. The group's operations, assets, and all customers are substantially located in China.

Executives

Sha Men Jian Fa Jiang Zhi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Sha Men Jian Fa Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Sha Men Jian Fa Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Sha Men Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Hong Kong Paper Sources Co., Limited	2101 Beneficial owner
Wu Rong
Zuo Xiwei
Zheng Fasheng
Zhang Zengguo
China Sunrise Paper Holdings Limited
Wang Yongqing
Wang Yilong
Wang Dongxing
China Sunshine Paper Investments Limited
Chen Xiaojun

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