Shanghai Fudan Forward S&T Co (SHSE:600624) ROCE % : -5.06% (As of Sep. 2024)

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What is Shanghai Fudan Forward S&T 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. Shanghai Fudan Forward S&T Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.06%.

Shanghai Fudan Forward S&T Co ROCE % Historical Data

The historical data trend for Shanghai Fudan Forward S&T 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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Shanghai Fudan Forward S&T Co ROCE % Chart

Shanghai Fudan Forward S&T Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.09

-1.86

-4.20

1.96

3.93

Shanghai Fudan Forward S&T 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															5.35	5.54	-3.08	-0.33	-5.06

Shanghai Fudan Forward S&T Co ROCE % Calculation

Shanghai Fudan Forward S&T 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 )
	=	43.475	/	( ( (1867.389 - 664.46)	+	(1797.289 - 784.938) )	/ 2 )
	=	43.475	/	( (1202.929	+	1012.351)	/ 2 )
	=	43.475	/	1107.64
	=	3.93 %

Shanghai Fudan Forward S&T 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 )
	=	-49.304	/	( ( (1580.528 - 598.358)	+	(1567.75 - 600.847) )	/ 2 )
	=	-49.304	/	( ( 982.17	+	966.903 )	/ 2 )
	=	-49.304	/	974.5365
	=	-5.06 %

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

Shanghai Fudan Forward S&T Co (SHSE:600624) 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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Shanghai Fudan Forward S&T Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Fudan Forward S&T Co Ltd (SHSE:600624) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 525 Guoquan Road, Fuhua Technology Building, Shanghai, Shanghai, CHN, 200433

Website

http://www.forwardgroup.com

Shanghai Fudan Forward S&T Co Ltd is a multi-industry, cross-regional, export-oriented and multi-functional comprehensive enterprise integrating domestic and foreign trade, textile new materials, automobile interiors, real estate and other industries.

Executives

Ye Wei Da	senior management
Jiang Guo Xing	Director

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