Shanghai Shenda Co (SHSE:600626) ROCE % : -1.26% (As of Sep. 2024)

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What is Shanghai Shenda 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 Shenda Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.26%.

Shanghai Shenda Co ROCE % Historical Data

The historical data trend for Shanghai Shenda 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 Shenda Co ROCE % Chart

Shanghai Shenda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.77

-12.41

1.67

-1.88

-4.24

Shanghai Shenda 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															-1.50	-5.15	4.50	7.94	-1.26

Shanghai Shenda Co ROCE % Calculation

Shanghai Shenda 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 )
	=	-207.846	/	( ( (10372.029 - 6282.181)	+	(10809.729 - 5095.059) )	/ 2 )
	=	-207.846	/	( (4089.848	+	5714.67)	/ 2 )
	=	-207.846	/	4902.259
	=	-4.24 %

Shanghai Shenda 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 )
	=	-79.112	/	( ( (10220.327 - 4125.035)	+	(10633.034 - 4197.997) )	/ 2 )
	=	-79.112	/	( ( 6095.292	+	6435.037 )	/ 2 )
	=	-79.112	/	6265.1645
	=	-1.26 %

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

Shanghai Shenda Co (SHSE:600626) 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.

Shanghai Shenda Co ROCE % Related Terms

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Shanghai Shenda Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Shenda Co Ltd (SHSE:600626) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1500 Jiangning Road, Shenda International Building, Shanghai, CHN, 200060

Website

http://www.cnshenda.com.cn

Shanghai Shenda Co Ltd is engaged in the international and domestic trade of textile products.

Executives

Hu Chun	senior management
Ma Tian Yu	senior management
Chen Jian	Director
Shen Yao Qing	Director
An Xiu Qing	Director
Yao Ming Hua	senior management
Xi Shi Ping	Director
Wang Qiu Rong	Director
Chen Kai Jian	Supervisors

Shanghai Shenda Co Headlines

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