Shanghai Xintonglian Packing Co (SHSE:603022) ROCE % : 8.38% (As of Sep. 2024)

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What is Shanghai Xintonglian Packing 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. Shanghai Xintonglian Packing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.38%.

Shanghai Xintonglian Packing Co ROCE % Historical Data

The historical data trend for Shanghai Xintonglian Packing 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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Shanghai Xintonglian Packing Co ROCE % Chart

Shanghai Xintonglian Packing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.35

6.78

4.12

5.92

8.63

Shanghai Xintonglian Packing 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															8.69	13.01	8.20	5.23	8.38

Shanghai Xintonglian Packing Co ROCE % Calculation

Shanghai Xintonglian Packing 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 )
	=	67.394	/	( ( (1000.165 - 240.867)	+	(1037.198 - 234.584) )	/ 2 )
	=	67.394	/	( (759.298	+	802.614)	/ 2 )
	=	67.394	/	780.956
	=	8.63 %

Shanghai Xintonglian Packing 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 )
	=	68.516	/	( ( (1085.446 - 275.188)	+	(1102.734 - 277.807) )	/ 2 )
	=	68.516	/	( ( 810.258	+	824.927 )	/ 2 )
	=	68.516	/	817.5925
	=	8.38 %

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

Shanghai Xintonglian Packing Co (SHSE:603022) 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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Shanghai Xintonglian Packing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shanghai Xintonglian Packing Co Ltd (SHSE:603022) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Lane 118, Yonghe Road, Jing'an District, Shanghai, CHN, 200072

Website

http://www.xtl.sh.cn

Shanghai Xintonglian Packing Co Ltd is engaged in the research and development, design of packaging products, packaging solutions and testing of packaging products, manufacturing and production of packaging products, customer on-site packaging services, and warehouse management. Its packaging solution includes wood packaging, paper packaging, plastic packaging, iron packaging, paper packaging.

Executives

Cao Wen Jie

Director

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