Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) ROCE % : 6.33% (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Shandong Huatai Paper Industry Shareholding 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. Shandong Huatai Paper Industry Shareholding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.33%.

Shandong Huatai Paper Industry Shareholding Co ROCE % Historical Data

The historical data trend for Shandong Huatai Paper Industry Shareholding 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.

Shandong Huatai Paper Industry Shareholding Co ROCE % Chart

Shandong Huatai Paper Industry Shareholding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.92

10.98

11.70

6.50

3.88

Shandong Huatai Paper Industry Shareholding 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															7.64	3.05	2.69	2.48	6.33

Shandong Huatai Paper Industry Shareholding Co ROCE % Calculation

Shandong Huatai Paper Industry Shareholding 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 )
	=	382.184	/	( ( (15410.998 - 5749.164)	+	(15238.538 - 5203.583) )	/ 2 )
	=	382.184	/	( (9661.834	+	10034.955)	/ 2 )
	=	382.184	/	9848.3945
	=	3.88 %

Shandong Huatai Paper Industry Shareholding Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	649.7	/	( ( (15238.538 - 5203.583)	+	(15537.997 - 5044.983) )	/ 2 )
	=	649.7	/	( ( 10034.955	+	10493.014 )	/ 2 )
	=	649.7	/	10263.9845
	=	6.33 %

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

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) 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.

Shandong Huatai Paper Industry Shareholding Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shandong Huatai Paper Industry Shareholding Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Huatai Paper Industry Shareholding Co Ltd (SHSE:600308) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dawang Town, Guangrao County, Shandong Province, Dongying, CHN, 257335

Website

http://www.huataipaper.com

Shandong Huatai Paper Industry Shareholding Co Ltd is engaged in the manufacture and distribution of paper products and related chemical products. The groups main products are high-grade newspaper, high-grade coated paper, double adhesive tape, light adhesive tape, new textbook paper, super pressure More than 100 kinds of papers such as glossy paper, electrostatic copy paper and household paper, and more than 20 kinds of chemical products such as liquid chlorine, caustic soda and hydrogen peroxide. Geographically it operates through the region of China.

Executives

Sun Ya Jun	senior management
Wei Wen Guang	Director
Chi Yu Xiang	senior management
Li Gang	Director
Li Xiao Liang	Director
Wei Li Jun	Director
Xie Shi Bing	Supervisors
Li Li	Supervisors
Zhu Wan Liang	Director
Zhang Feng Shan	Supervisors
Ren Wen Tao	Supervisors
Li Guo Shun	Director
Chen Guo Ying	senior management
Zhu Yan Ming	Supervisors
Li Jian Hua	Director

Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Headlines

No Headlines