Suqian Unitech (SHSE:603065) ROCE % : -2.47% (As of Sep. 2024)

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What is Suqian Unitech 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. Suqian Unitech's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.47%.

Suqian Unitech ROCE % Historical Data

The historical data trend for Suqian Unitech'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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Suqian Unitech ROCE % Chart

Suqian Unitech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.18

21.96

20.66

18.16

5.02

Suqian Unitech Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											6.02	4.45	0.57	4.53	-2.47

Suqian Unitech ROCE % Calculation

Suqian Unitech'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 )
	=	101.966	/	( ( (2799.176 - 927.758)	+	(3226.628 - 1034.151) )	/ 2 )
	=	101.966	/	( (1871.418	+	2192.477)	/ 2 )
	=	101.966	/	2031.9475
	=	5.02 %

Suqian Unitech'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 )
	=	-54.996	/	( ( (3508.752 - 1249.737)	+	(3523.303 - 1330.805) )	/ 2 )
	=	-54.996	/	( ( 2259.015	+	2192.498 )	/ 2 )
	=	-54.996	/	2225.7565
	=	-2.47 %

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

Suqian Unitech (SHSE:603065) 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.

Suqian Unitech ROCE % Related Terms

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Suqian Unitech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Suqian Unitech Corp Ltd (SHSE:603065) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Yangzi Road, Ecological Chemical Technology Industrial Park, Jiangsu Province, Suqian, CHN, 223800

Website

http://www.unitechem.cn

Suqian Unitech Corp Ltd is engaged in the research and development, production and sales of anti-aging additives for polymer materials and their intermediates. It specializes in the production of light stabilizers, UV absorbers and other related products.

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