MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) ROCE % : 16.65% (As of Dec. 2024)

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What is MEGA P and C Advanced Materials (Shanghai) 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. MEGA P and C Advanced Materials (Shanghai) Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 16.65%.

MEGA P and C Advanced Materials (Shanghai) Co ROCE % Historical Data

The historical data trend for MEGA P and C Advanced Materials (Shanghai) 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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MEGA P and C Advanced Materials (Shanghai) Co ROCE % Chart

MEGA P and C Advanced Materials (Shanghai) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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76.10

99.85

54.54

14.26

11.82

MEGA P and C Advanced Materials (Shanghai) Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial									4.01	6.27	9.80	15.59	16.65

MEGA P and C Advanced Materials (Shanghai) Co ROCE % Calculation

MEGA P and C Advanced Materials (Shanghai) 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 )
	=	247.367	/	( ( (2734.67 - 612.438)	+	(3360.224 - 1298.649) )	/ 2 )
	=	247.367	/	( (2122.232	+	2061.575)	/ 2 )
	=	247.367	/	2091.9035
	=	11.82 %

MEGA P and C Advanced Materials (Shanghai) 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 )
	=	338.012	/	( ( (2927.398 - 929.545)	+	(3360.224 - 1298.649) )	/ 2 )
	=	338.012	/	( ( 1997.853	+	2061.575 )	/ 2 )
	=	338.012	/	2029.714
	=	16.65 %

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

MEGA P and C Advanced Materials (Shanghai) Co (SHSE:603062) 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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MEGA P and C Advanced Materials (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MEGA P and C Advanced Materials (Shanghai) Co Ltd (SHSE:603062) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1515, Sicheng Road, Malu Town, Jiading, Shanghai, CHN, 201801

Website

https://www.megacoatings.com

MEGA P and C Advanced Materials (Shanghai) Co Ltd is engaged in research & development, production and sales of high-performance multi-category coating products.

Executives

Zhang Hua Yong

Director

MEGA P and C Advanced Materials (Shanghai) Co Headlines

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