Shandong Huapeng Glass Co (SHSE:603021) ROCE % : -59.52% (As of Sep. 2024)

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What is Shandong Huapeng Glass 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. Shandong Huapeng Glass Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -59.52%.

Shandong Huapeng Glass Co ROCE % Historical Data

The historical data trend for Shandong Huapeng Glass 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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Shandong Huapeng Glass Co ROCE % Chart

Shandong Huapeng Glass Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.96

11.98

-20.08

-42.58

-56.74

Shandong Huapeng Glass 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															-30.38	-138.84	5.79	-83.58	-59.52

Shandong Huapeng Glass Co ROCE % Calculation

Shandong Huapeng Glass 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 )
	=	-202.835	/	( ( (2325.652 - 1820.548)	+	(1840.78 - 1630.923) )	/ 2 )
	=	-202.835	/	( (505.104	+	209.857)	/ 2 )
	=	-202.835	/	357.4805
	=	-56.74 %

Shandong Huapeng Glass 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 )
	=	-68.784	/	( ( (1700.229 - 1565.54)	+	(1694.427 - 1597.996) )	/ 2 )
	=	-68.784	/	( ( 134.689	+	96.431 )	/ 2 )
	=	-68.784	/	115.56
	=	-59.52 %

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

Shandong Huapeng Glass Co (SHSE:603021) 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.

Shandong Huapeng Glass Co ROCE % Related Terms

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Shandong Huapeng Glass Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shandong Huapeng Glass Co Ltd (SHSE:603021) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Shidao Longyun Road, No. 468, Shandong Province, Rongcheng City, CHN, 264309

Website

http://www.huapengglass.com

Shandong Huapeng Glass Co Ltd develops, produces, and sells various glassware products and glass bottles in China. It manufactures pressed and blown glass. The company produces medium and top-grade glassware and glass bottles.

Executives

Zhang De Hua	Director
Wang Dai Yong	Director
Fan Chun Lei	Director
Wang Zheng Yi	Director
Song Guo Ming	Director
Wang Xiao Bo	Supervisors
Wang Xiu Qing	senior management
Wang Zu Tong	Supervisors
Wang Jia Min	senior management

Shandong Huapeng Glass Co Headlines

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