Wanhua Chemical Group Co (SHSE:600309) ROCE % : 11.09% (As of Sep. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Wanhua Chemical Group 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. Wanhua Chemical Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.09%.

Wanhua Chemical Group Co ROCE % Historical Data

The historical data trend for Wanhua Chemical Group 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.

Wanhua Chemical Group Co ROCE % Chart

Wanhua Chemical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

27.05

21.84

39.29

21.79

18.26

Wanhua Chemical Group 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															18.19	15.18	16.17	15.21	11.09

Wanhua Chemical Group Co ROCE % Calculation

Wanhua Chemical Group 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 )
	=	22846.818	/	( ( (200843.199 - 95017.176)	+	(253040.391 - 108657.371) )	/ 2 )
	=	22846.818	/	( (105826.023	+	144383.02)	/ 2 )
	=	22846.818	/	125104.5215
	=	18.26 %

Wanhua Chemical Group 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 )
	=	18371.556	/	( ( (294239.808 - 133157.945)	+	(309641.134 - 139381.629) )	/ 2 )
	=	18371.556	/	( ( 161081.863	+	170259.505 )	/ 2 )
	=	18371.556	/	165670.684
	=	11.09 %

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

Wanhua Chemical Group Co (SHSE:600309) 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.

Wanhua Chemical Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Wanhua Chemical Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Wanhua Chemical Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wanhua Chemical Group Co Ltd (SHSE:600309) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Sanya Road, Economic and Technological Development Zone, Yantai, CHN, 264006

Website

https://www.whchem.com

Wanhua Chemical Group Co Ltd is engaged in the development, production and sales of polyurethane and additives, isocyanate and derivative products; the sales of liquefied petroleum gas, propylene, acrylic acid and other petrochemical products.

Executives

Wang Jian Bo	Supervisors
Yang Wan Hong	senior management

Wanhua Chemical Group Co Headlines

No Headlines