Shenma Industry Co (SHSE:600810) ROCE % : 3.38% (As of Mar. 2024)

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What is Shenma 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. Shenma Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.38%.

Shenma Industry Co ROCE % Historical Data

The historical data trend for Shenma 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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Shenma Industry Co ROCE % Chart

Shenma Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.40

8.97

25.69

5.44

3.96

Shenma 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															2.46	2.97	5.00	5.13	3.38

Shenma Industry Co ROCE % Calculation

Shenma 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 )
	=	794.368	/	( ( (28273.402 - 10145.362)	+	(31442.197 - 9459.006) )	/ 2 )
	=	794.368	/	( (18128.04	+	21983.191)	/ 2 )
	=	794.368	/	20055.6155
	=	3.96 %

Shenma 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 )
	=	786.128	/	( ( (31442.197 - 9459.006)	+	(33124.702 - 8545.561) )	/ 2 )
	=	786.128	/	( ( 21983.191	+	24579.141 )	/ 2 )
	=	786.128	/	23281.166
	=	3.38 %

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

Shenma Industry Co (SHSE:600810) 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.

Shenma Industry Co ROCE % Related Terms

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Shenma Industry Co (SHSE:600810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenma Industry Co Ltd (SHSE:600810) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 63 Jianshe Middle Road, Pingdingshan, Henan, CHN, 467000

Website

http://www.shenma.com

Shenma Industry Co Ltd is engaged in the production and distribution of Nylon 66 tyre cord fabric and other types of industrial yarn in China. Its products include dry adipic acid, cyclohexanol, cyclohexane, nylon 66 grey cloth, nylon 66 dipped type cord fabric, nylon 66 dipping tire bead cloth, nylon 66 dipping canvas, and nylon 66 industrial yarn.

Executives

Liu Xin Ye	Director
Xu Ren Gang	Director
Li Hong Bin	Director
Li Ben Bin	Director
Qi Wen Bing	Director
Zhang Dian Zi	Director
Li Wei	Director
Wei Wei	Director

Shenma Industry Co (SHSE:600810) Headlines

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