Shanghai Carthane Co (SHSE:603037) ROCE % : 7.90% (As of Sep. 2024)

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What is Shanghai Carthane 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 Carthane Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.90%.

Shanghai Carthane Co ROCE % Historical Data

The historical data trend for Shanghai Carthane 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 Carthane Co ROCE % Chart

Shanghai Carthane Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.01

10.05

10.65

9.33

10.69

Shanghai Carthane 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															11.17	21.56	5.86	14.51	7.90

Shanghai Carthane Co ROCE % Calculation

Shanghai Carthane 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 )
	=	99.085	/	( ( (1100.364 - 195.393)	+	(1162.562 - 214.529) )	/ 2 )
	=	99.085	/	( (904.971	+	948.033)	/ 2 )
	=	99.085	/	926.502
	=	10.69 %

Shanghai Carthane 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 )
	=	74.484	/	( ( (1129.579 - 197.239)	+	(1208.465 - 254.353) )	/ 2 )
	=	74.484	/	( ( 932.34	+	954.112 )	/ 2 )
	=	74.484	/	943.226
	=	7.90 %

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

Shanghai Carthane Co (SHSE:603037) 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.

Shanghai Carthane Co ROCE % Related Terms

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Shanghai Carthane Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Carthane Co Ltd (SHSE:603037) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 813, Jianye Road, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.carthane.com

Shanghai Carthane Co Ltd designs, produces and sells car parts, accessories, polyurethane elastomer and other polyurethane products. It engages in the sales of suspension damping internal components, pedal assemblies and plastic core-rubber-tires. Suspension damping internal components include buffers, spring cushion s, damping support blocks, and dust covers. Pedal assemblies mainly include plastic pedal assemblies. Plastic core-rubber-tires include automobile assembly lines and polyurethane tires applied in electric fork-lift trucks.

Executives

Yang Ying Tao	Director
Yang Jian Gang	Director
Hou Zhen Kun	senior management
Li Ji Cheng	senior management
Zhang Zhong Qiu	senior management
Jia Jie	senior management
Li Jian Xing	Supervisors
Hou Rui Hong	Director
Wei Yong Ji	Director
Huang Hai	senior management
Zhuang Ying Wu	senior management
Ning Wu	senior management
Gao Li	senior management
Liu Ren Shan	Director

Shanghai Carthane Co Headlines

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