Guangdong Rongtai Industry Co (SHSE:600589) ROCE % : 3.50% (As of Mar. 2024)

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What is Guangdong Rongtai Industry 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. Guangdong Rongtai Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.50%.

Guangdong Rongtai Industry Co ROCE % Historical Data

The historical data trend for Guangdong Rongtai Industry 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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Guangdong Rongtai Industry Co ROCE % Chart

Guangdong Rongtai Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.63

-50.03

-59.94

62.57

Guangdong Rongtai Industry 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															-	-	-	412.73	3.50

Guangdong Rongtai Industry Co ROCE % Calculation

Guangdong Rongtai Industry 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 )
	=	176.5	/	( ( (1110.418 - 1461.769)	+	(1959.33 - 1043.812) )	/ 2 )
	=	176.5	/	( (-351.351	+	915.518)	/ 2 )
	=	176.5	/	282.0835
	=	62.57 %

Guangdong Rongtai Industry 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 )
	=	32.272	/	( ( (1959.33 - 1043.812)	+	(1244.134 - 317.829) )	/ 2 )
	=	32.272	/	( ( 915.518	+	926.305 )	/ 2 )
	=	32.272	/	920.9115
	=	3.50 %

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

Guangdong Rongtai Industry Co (SHSE:600589) 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.

Guangdong Rongtai Industry Co ROCE % Related Terms

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Guangdong Rongtai Industry Co (SHSE:600589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Rongtai Industry Co Ltd (SHSE:600589) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Xinxing East 2nd Road, Rongcheng District,Guangdong, Jieyang, CHN, 522000

Website

http://www.gdrongtai.cn

Guangdong Rongtai Industry Co Ltd produces and sells new chemical materials and their products mostly and does research and development of high polymer composite. The company owns 3 plants (a chemical solvent plant, a chemical material plant, a melamine ware plant), a research institute, an engineering and technology research and development center (province grade), an enterprise technology center (province grade), and a postdoctoral programme.

Executives

Zhang Wei	Directors, senior managers
Zhou Chun	senior management
Xia Chun Yuan	Directors, senior managers
Yang Bao Sheng	Director

Guangdong Rongtai Industry Co (SHSE:600589) Headlines

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