Wan Cheng Metal Packaging Co (HKSE:08291) ROCE % : -18.21% (As of Sep. 2023)

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What is Wan Cheng Metal Packaging 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. Wan Cheng Metal Packaging Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -18.21%.

Wan Cheng Metal Packaging Co ROCE % Historical Data

The historical data trend for Wan Cheng Metal Packaging 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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Wan Cheng Metal Packaging Co ROCE % Chart

Wan Cheng Metal Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-29.29

-14.89

-35.81

-143.98

-176.56

Wan Cheng Metal Packaging Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1,656.76	-67.07	-21.89	-18.21	-1,390.71

Wan Cheng Metal Packaging Co ROCE % Calculation

Wan Cheng Metal Packaging Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-110.95	/	( ( (248.904 - 118.56)	+	(123.045 - 99.274) )	/ 2 )
	=	-110.95	/	( (130.344	+	23.771)	/ 2 )
	=	-110.95	/	77.0575
	=	-143.98 %

Wan Cheng Metal Packaging Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-3.228	/	( ( (103.44 - 85.717)	+	(0 - 0) )	/ 1 )
	=	-3.228	/	( ( 17.723	+	0 )	/ 1 )
	=	-3.228	/	17.723
	=	-18.21 %

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

Wan Cheng Metal Packaging Co (HKSE:08291) 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.

Wan Cheng Metal Packaging Co ROCE % Related Terms

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Wan Cheng Metal Packaging Co (HKSE:08291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Wan Cheng Metal Packaging Co Ltd (HKSE:08291) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 3 Huada Road, Ronggui Street, Hi-tech Industrial Development Zone, Shunde District, Guangdong Province, Foshan, CHN

Website

http://www.wanchengholdings.com

Wan Cheng Metal Packaging Co Ltd is an investment holding company. It is a manufacturer of tinplate packaging products including tin cans and steel pails. The group operates in one operating segment which is the manufacturing and sales of tinplate packaging products in China. It derives the majority of its geographical revenues from China.

Wan Cheng Metal Packaging Co (HKSE:08291) Headlines

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