Tangshannyou Chemical Industries Co (SHSE:600409) ROCE % : 4.68% (As of Mar. 2024)

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What is Tangshannyou Chemical Industries 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. Tangshannyou Chemical Industries Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.68%.

Tangshannyou Chemical Industries Co ROCE % Historical Data

The historical data trend for Tangshannyou Chemical Industries 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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Tangshannyou Chemical Industries Co ROCE % Chart

Tangshannyou Chemical Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.53

7.82

14.73

10.12

8.46

Tangshannyou Chemical Industries 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															2.08	11.41	9.25	12.31	4.68

Tangshannyou Chemical Industries Co ROCE % Calculation

Tangshannyou Chemical Industries 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 )
	=	1661.125	/	( ( (27606.584 - 7562.205)	+	(25592.607 - 6378.987) )	/ 2 )
	=	1661.125	/	( (20044.379	+	19213.62)	/ 2 )
	=	1661.125	/	19628.9995
	=	8.46 %

Tangshannyou Chemical Industries 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 )
	=	922.66	/	( ( (25592.607 - 6378.987)	+	(25584.669 - 5335.756) )	/ 2 )
	=	922.66	/	( ( 19213.62	+	20248.913 )	/ 2 )
	=	922.66	/	19731.2665
	=	4.68 %

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

Tangshannyou Chemical Industries Co (SHSE:600409) 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.

Tangshannyou Chemical Industries Co ROCE % Related Terms

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Tangshannyou Chemical Industries Co (SHSE:600409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tangshan Sanyou Chemical Industries Co Ltd (SHSE:600409) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanbao Development Zone, Tangshan, Hebei, CHN, 063305

Website

http://www.sanyou-chem.com.cn

Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.

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