Ningbo Shanshan Co (SHSE:600884) ROCE % : 2.14% (As of Sep. 2024)

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What is Ningbo Shanshan 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. Ningbo Shanshan Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.14%.

Ningbo Shanshan Co ROCE % Historical Data

The historical data trend for Ningbo Shanshan 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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Ningbo Shanshan Co ROCE % Chart

Ningbo Shanshan Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.28

3.25

23.68

13.66

4.64

Ningbo Shanshan 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															5.13	-6.26	0.93	3.39	2.14

Ningbo Shanshan Co ROCE % Calculation

Ningbo Shanshan 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 )
	=	1529.64	/	( ( (44925.491 - 12899.443)	+	(48474.966 - 14608.55) )	/ 2 )
	=	1529.64	/	( (32026.048	+	33866.416)	/ 2 )
	=	1529.64	/	32946.232
	=	4.64 %

Ningbo Shanshan 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 )
	=	728.952	/	( ( (50312.352 - 16186.962)	+	(47575.697 - 13710.814) )	/ 2 )
	=	728.952	/	( ( 34125.39	+	33864.883 )	/ 2 )
	=	728.952	/	33995.1365
	=	2.14 %

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

Ningbo Shanshan Co (SHSE:600884) 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.

Ningbo Shanshan Co ROCE % Related Terms

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Ningbo Shanshan Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Shanshan Co Ltd (SHSE:600884) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 777, Rili Middle Road, 28th Floor, Shanshan Building, Room 801, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

https://www.ssgf.net

Ningbo Shanshan Co Ltd is engaged in Research & Development, production and sales of lithium battery materials, LCD polarizer business, clothing brand operation, quasi-financial and venture capital business.

Executives

Li Feng Feng	Directors, senior managers
Zhu Zhi Yong	Directors, senior managers
Zheng Ju	Director
Zhuang Wei	Director
Li Zhi Hua	Directors, senior managers
Chen Ying	senior management
Gao Ming	senior management
Li Ke Qin	Directors, senior managers
Peng Wen Jie	Director
Yang Feng	Director
Jin Ji	Supervisors
Hui Ying	Supervisors
Chen Qi	Supervisors
Yu Ya Zhen	Supervisors

Ningbo Shanshan Co Headlines

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