China Sunsine Chemical Holdings (SGX:QES) ROCE % : 11.16% (As of Dec. 2023)

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What is China Sunsine Chemical Holdings 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 Sunsine Chemical Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.16%.

China Sunsine Chemical Holdings ROCE % Historical Data

The historical data trend for China Sunsine Chemical Holdings'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 Sunsine Chemical Holdings ROCE % Chart

China Sunsine Chemical Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.25

11.69

23.27

19.17

10.30

China Sunsine Chemical Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															22.38	24.43	14.78	9.75	11.16

China Sunsine Chemical Holdings ROCE % Calculation

China Sunsine Chemical Holdings'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 )
	=	74.585	/	( ( (819.12 - 103.281)	+	(818.232 - 85.681) )	/ 2 )
	=	74.585	/	( (715.839	+	732.551)	/ 2 )
	=	74.585	/	724.195
	=	10.30 %

China Sunsine Chemical Holdings'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 )
	=	80.328	/	( ( (787.881 - 81.489)	+	(818.232 - 85.681) )	/ 2 )
	=	80.328	/	( ( 706.392	+	732.551 )	/ 2 )
	=	80.328	/	719.4715
	=	11.16 %

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

China Sunsine Chemical Holdings (SGX:QES) 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.

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China Sunsine Chemical Holdings (SGX:QES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Sunsine Chemical Holdings Ltd (SGX:QES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Raffles Quay, No. 15-08 Hong Leong Building, Singapore, SGP, 048581

Website

https://www.chinasunsine.com

China Sunsine Chemical Holdings Ltd is a rubber chemical producing company. It produces rubber accelerators, cured rubber, natural and synthetic rubber. The group also produces insoluble Sulphur, anti-oxidant, and other vulcanizing agents. The company's production facilities are located at Shanxian, Weifang and Dingtao in Shandong Province, China, and its products are sold under the Sunshine brand. The group has three reportable business segments, namely the manufacturing and sale of rubber chemicals, the production and supply of heating power, and waste treatment. It generates the majority of its revenue from the manufacturing and sale of rubber chemicals. The company operates globally and it derives most of its revenue from the People's Republic of China.