Shanghai Qingpu Fire-Fighting Equipment Co (HKSE:08115) ROCE % : 12.71% (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Shanghai Qingpu Fire-Fighting Equipment 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. Shanghai Qingpu Fire-Fighting Equipment Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.71%.

Shanghai Qingpu Fire-Fighting Equipment Co ROCE % Historical Data

The historical data trend for Shanghai Qingpu Fire-Fighting Equipment 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.

Shanghai Qingpu Fire-Fighting Equipment Co ROCE % Chart

Shanghai Qingpu Fire-Fighting Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-13.51

4.76

59.93

4.70

7.72

Shanghai Qingpu Fire-Fighting Equipment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.75	4.40	11.11	12.71	3.64

Shanghai Qingpu Fire-Fighting Equipment Co ROCE % Calculation

Shanghai Qingpu Fire-Fighting Equipment 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 )
	=	14.791	/	( ( (202.515 - 16.065)	+	(212.099 - 15.286) )	/ 2 )
	=	14.791	/	( (186.45	+	196.813)	/ 2 )
	=	14.791	/	191.6315
	=	7.72 %

Shanghai Qingpu Fire-Fighting Equipment Co'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 )
	=	25.012	/	( ( (0 - 0)	+	(212.099 - 15.286) )	/ 1 )
	=	25.012	/	( ( 0	+	196.813 )	/ 1 )
	=	25.012	/	196.813
	=	12.71 %

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

Shanghai Qingpu Fire-Fighting Equipment Co (HKSE:08115) 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.

Shanghai Qingpu Fire-Fighting Equipment Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shanghai Qingpu Fire-Fighting Equipment Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Qingpu Fire-Fighting Equipment Co (HKSE:08115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Qingpu Fire-Fighting Equipment Co Ltd (HKSE:08115) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

510 King’s Road, Unit 2605, Island Place Tower, North Point, Hong Kong, HKG

Website

https://www.shanghaiqingpu.com

Shanghai Qingpu Fire-Fighting Equipment Co Ltd is a pressure vessel manufacturing and selling firm. It operates in six business segments. Fire-fighting Equipment segment is a major revenue driver for the firm that manufactures and sells pressure vessels, including fire-fighting equipment products and pressure vessel products. The inspection services segment offers the provision of fire technology inspection services. The property investment segment includes investment in office buildings and industrial properties. The trading segment trades sanitary ware and other products. Aquarium Products segment sales aquarium products. Marine fire-fighting segment installs and inspects marine fire-fighting equipment.

Shanghai Qingpu Fire-Fighting Equipment Co (HKSE:08115) Headlines

No Headlines