Shanghai Wanye Enterprise Co (SHSE:600641) ROCE % : -0.19% (As of Mar. 2024)

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What is Shanghai Wanye Enterprise 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 Wanye Enterprise Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.19%.

Shanghai Wanye Enterprise Co ROCE % Historical Data

The historical data trend for Shanghai Wanye Enterprise 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 Wanye Enterprise Co ROCE % Chart

Shanghai Wanye Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.24

6.25

6.67

6.10

1.98

Shanghai Wanye Enterprise 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															4.56	3.23	2.16	-1.82	-0.19

Shanghai Wanye Enterprise Co ROCE % Calculation

Shanghai Wanye Enterprise 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 )
	=	183.2	/	( ( (9762.174 - 828.466)	+	(10586.226 - 1008.972) )	/ 2 )
	=	183.2	/	( (8933.708	+	9577.254)	/ 2 )
	=	183.2	/	9255.481
	=	1.98 %

Shanghai Wanye Enterprise 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 )
	=	-18.156	/	( ( (10586.226 - 1008.972)	+	(10674.035 - 768.299) )	/ 2 )
	=	-18.156	/	( ( 9577.254	+	9905.736 )	/ 2 )
	=	-18.156	/	9741.495
	=	-0.19 %

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

Shanghai Wanye Enterprise Co (SHSE:600641) 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 Wanye Enterprise Co ROCE % Related Terms

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Shanghai Wanye Enterprise Co (SHSE:600641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Wanye Enterprise Co Ltd (SHSE:600641) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 720 Pudong Avenue, 9F, Shanghai, Shanghai, CHN, 200120

Website

http://www.600641.com.cn

Shanghai Wanye Enterprise Co Ltd is engaged in industrial investment, asset management, real estate development and operation, domestic trade (except special provisions), steel, timber, building materials, construction hardware.

Executives

Chen Zhong Yi	senior management
Lin Zhen Sen	Director
Zhang Jun	Supervisors
Shang Zhi Qiang	Director
Cheng Guang	Director
Liu Jie	senior management
Zhang Xing Shan	Supervisors

Shanghai Wanye Enterprise Co (SHSE:600641) Headlines

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