Guizhou Redstar Developing Co (SHSE:600367) ROCE % : 5.38% (As of Sep. 2024)

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What is Guizhou Redstar Developing 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. Guizhou Redstar Developing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.38%.

Guizhou Redstar Developing Co ROCE % Historical Data

The historical data trend for Guizhou Redstar Developing 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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Guizhou Redstar Developing Co ROCE % Chart

Guizhou Redstar Developing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.54

4.72

22.29

13.38

3.60

Guizhou Redstar Developing 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															3.96	7.14	2.67	3.94	5.38

Guizhou Redstar Developing Co ROCE % Calculation

Guizhou Redstar Developing 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 )
	=	83.472	/	( ( (2864.28 - 804.648)	+	(3159.874 - 577.76) )	/ 2 )
	=	83.472	/	( (2059.632	+	2582.114)	/ 2 )
	=	83.472	/	2320.873
	=	3.60 %

Guizhou Redstar Developing 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 )
	=	141.424	/	( ( (3161.678 - 550.555)	+	(3231.107 - 583.474) )	/ 2 )
	=	141.424	/	( ( 2611.123	+	2647.633 )	/ 2 )
	=	141.424	/	2629.378
	=	5.38 %

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

Guizhou Redstar Developing Co (SHSE:600367) 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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Guizhou Redstar Developing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guizhou Redstar Developing Co Ltd (SHSE:600367) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dingqi Town, Zhenning County, Anshun, Guizhou, CHN, 561206

Website

http://www.hxfz.com.cn

Guizhou Redstar Developing Co Ltd is engaged in the production of barium carbonate, electrolytic manganese dioxide, insoluble sulfur, thiourea, sulfur, barium sulfate, barium nitrate, barium chloride, and marigold. The products are used in the electronic information industry, chemical industry, light industry, metallurgy and ceramics industry.

Executives

Gao Yue Fei	Director
Liu Zheng Tao	senior management
Wan Yang	Directors, senior managers
Guo Han Guang	Director
Liang Qi Bo	Directors, senior managers
Luo Jian Ping	senior management
Geng Zhen	senior management
Chen Guo Qiang	senior management
Meng Fan Zhen	Supervisors
Wen Xia	Director
Hua Dong	senior management
Liu Xiang Yu	senior management
Yu Kong Hua	senior management

Guizhou Redstar Developing Co Headlines

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