Shanghai Prosolar Resources Development Co (SHSE:600193) ROCE % : -17.18% (As of Sep. 2024)

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What is Shanghai Prosolar Resources Development 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 Prosolar Resources Development Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -17.18%.

Shanghai Prosolar Resources Development Co ROCE % Historical Data

The historical data trend for Shanghai Prosolar Resources Development 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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Shanghai Prosolar Resources Development Co ROCE % Chart

Shanghai Prosolar Resources Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.60

36.40

12.47

3.59

-5.16

Shanghai Prosolar Resources Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-16.20	-11.89	5.38	-11.31	-17.18

Shanghai Prosolar Resources Development Co ROCE % Calculation

Shanghai Prosolar Resources Development 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 )
	=	-15.917	/	( ( (726.761 - 408.303)	+	(721.267 - 423.342) )	/ 2 )
	=	-15.917	/	( (318.458	+	297.925)	/ 2 )
	=	-15.917	/	308.1915
	=	-5.16 %

Shanghai Prosolar Resources Development Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-48.868	/	( ( (741.913 - 450.988)	+	(732.995 - 454.967) )	/ 2 )
	=	-48.868	/	( ( 290.925	+	278.028 )	/ 2 )
	=	-48.868	/	284.4765
	=	-17.18 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Shanghai Prosolar Resources Development Co (SHSE:600193) 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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Shanghai Prosolar Resources Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Prosolar Resources Development Co Ltd (SHSE:600193) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, No. 1388 Kangqiao Road, Pudong New District, Shanghai, CHN, 201315

Website

Shanghai Prosolar Resources Development Co Ltd is engaged in general contracting for construction of theme park venues, high-end hotels and residences, general contracting for interior decoration, BIM modeling consulting services and product sales for engineering projects.

Executives

Chen Wen Hua	Supervisors
Lu De Jian	senior management
Chen Rong Sheng	Director

Shanghai Prosolar Resources Development Co Headlines

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