Fangda Special Steel Technology Co (SHSE:600507) ROCE % : 4.45% (As of Mar. 2024)

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What is Fangda Special Steel Technology 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. Fangda Special Steel Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.45%.

Fangda Special Steel Technology Co ROCE % Historical Data

The historical data trend for Fangda Special Steel Technology 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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Fangda Special Steel Technology Co ROCE % Chart

Fangda Special Steel Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.77

37.50

37.84

14.17

10.24

Fangda Special Steel Technology 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															7.07	10.60	16.79	8.41	4.45

Fangda Special Steel Technology Co ROCE % Calculation

Fangda Special Steel Technology 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 )
	=	1028.852	/	( ( (19403.757 - 9569.135)	+	(19776.507 - 9517.349) )	/ 2 )
	=	1028.852	/	( (9834.622	+	10259.158)	/ 2 )
	=	1028.852	/	10046.89
	=	10.24 %

Fangda Special Steel Technology 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 )
	=	458.84	/	( ( (19776.507 - 9517.349)	+	(21652.57 - 11284.061) )	/ 2 )
	=	458.84	/	( ( 10259.158	+	10368.509 )	/ 2 )
	=	458.84	/	10313.8335
	=	4.45 %

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

Fangda Special Steel Technology Co (SHSE:600507) 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.

Fangda Special Steel Technology Co ROCE % Related Terms

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Fangda Special Steel Technology Co (SHSE:600507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fangda Special Steel Technology Co Ltd (SHSE:600507) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 475 Yanjin Avenue, Qingshanhu District, Nanchang, Jiangxi, CHN, 330012

Website

http://www.fangda-specialsteels.com

Fangda Special Steel Technology Co Ltd is mainly engaged in the production and distribution of iron and steel products. It is also involved in processing coke crafts, sintering, smelting iron, steel-making, and steel rolling. The company's products include the automotive leaf springs, deformed steel bars, spring flat steels, round springs, shock absorbers, spring special equipment, auto parts, and molds.

Executives

Li Hong Wei	Director
Wu Xiao	senior management
Xie Fei Ming	Director
Yin Ai Guo	Director
Huang Zhi Hua	Director
Rao Dong Yun	Director
Ju Qi Ping	Director
Ao Xin Hua	Director
Wu Feng	senior management
Tan Zhao Chun	Director
Song Ying	Director
Zhong Chong Wu	Director
Tian Xiao Long	senior management
Wang Chun Lei	senior management
Liu De Ming	senior management

Fangda Special Steel Technology Co (SHSE:600507) Headlines

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