HPGC Renmintongtai Pharmaceutical (SHSE:600829) ROCE % : 13.23% (As of Sep. 2024)

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What is HPGC Renmintongtai Pharmaceutical 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. HPGC Renmintongtai Pharmaceutical's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.23%.

HPGC Renmintongtai Pharmaceutical ROCE % Historical Data

The historical data trend for HPGC Renmintongtai Pharmaceutical'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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HPGC Renmintongtai Pharmaceutical ROCE % Chart

HPGC Renmintongtai Pharmaceutical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.82

12.06

17.94

15.54

15.20

HPGC Renmintongtai Pharmaceutical 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															16.14	12.23	14.88	10.98	13.23

HPGC Renmintongtai Pharmaceutical ROCE % Calculation

HPGC Renmintongtai Pharmaceutical'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 )
	=	420.612	/	( ( (7058.788 - 4431.327)	+	(7426.465 - 4520.546) )	/ 2 )
	=	420.612	/	( (2627.461	+	2905.919)	/ 2 )
	=	420.612	/	2766.69
	=	15.20 %

HPGC Renmintongtai Pharmaceutical'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 )
	=	395.468	/	( ( (7188.96 - 4231.243)	+	(7030.987 - 4011.997) )	/ 2 )
	=	395.468	/	( ( 2957.717	+	3018.99 )	/ 2 )
	=	395.468	/	2988.3535
	=	13.23 %

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

HPGC Renmintongtai Pharmaceutical (SHSE:600829) 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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HPGC Renmintongtai Pharmaceutical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HPGC Renmintongtai Pharmaceutical Corp (SHSE:600829) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 76 Hengshan Road, Nangang District, Heilongjiang Province, Harbin, CHN, 150076

Website

http://www.sanjing.com.cn

HPGC Renmintongtai Pharmaceutical Corp, formerly Harbin Pharm. Group Sanjing Pharmaceutical Shareholding Co Ltd is engaged in the production and sale of pharmaceuticals products in China.

Executives

Yue Xian Zhi	senior management
Zhang Li Jun	Director

HPGC Renmintongtai Pharmaceutical Headlines

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