Zhejiang Wansheng Co (SHSE:603010) ROCE % : -0.67% (As of Dec. 2024)

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What is Zhejiang Wansheng 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. Zhejiang Wansheng Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -0.67%.

Zhejiang Wansheng Co ROCE % Historical Data

The historical data trend for Zhejiang Wansheng 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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Zhejiang Wansheng Co ROCE % Chart

Zhejiang Wansheng Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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28.26

44.39

12.26

4.73

2.73

Zhejiang Wansheng Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															1.78	4.47	2.94	4.32	-0.67

Zhejiang Wansheng Co ROCE % Calculation

Zhejiang Wansheng Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	141.513	/	( ( (6280.476 - 1185.72)	+	(7200.203 - 1914.823) )	/ 2 )
	=	141.513	/	( (5094.756	+	5285.38)	/ 2 )
	=	141.513	/	5190.068
	=	2.73 %

Zhejiang Wansheng Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-34.596	/	( ( (6773.188 - 1680.621)	+	(7200.203 - 1914.823) )	/ 2 )
	=	-34.596	/	( ( 5092.567	+	5285.38 )	/ 2 )
	=	-34.596	/	5188.9735
	=	-0.67 %

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

Zhejiang Wansheng Co (SHSE:603010) 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.

Zhejiang Wansheng Co ROCE % Related Terms

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Zhejiang Wansheng Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Wansheng Co Ltd (SHSE:603010) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liangshui Development Zone, No. 8, Jujing Road, Zhejiang Province, Linhai, CHN

Website

http://www.ws-chem.com

Zhejiang Wansheng Co Ltd is a China-based chemical producer. The company is engaged in the manufacturing and sale of organic phosphorus-based flame retardants for rigid and flexible foam, special amines, and cardanol based curing agents and diluents. Its products are mainly used in the aerospace, automotive, electronics, construction, and furniture industry. The firm has a global presence and its products are exported to various countries and regions including the United States, Europe, South America, South Korea, Japan, and Southeast Asia.

Executives

Zhou San Chang	Directors, senior managers
Gao Feng	senior management
Zheng Yong Xiang	senior management
Gao Xian Guo	Director
Gong Wei Liang	senior management
Jin Yi Ping	senior management
Song Li Juan	Director

Zhejiang Wansheng Co Headlines

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