Zhejiang Wanfeng Chemical Co (SHSE:603172) ROCE % : 3.05% (As of Sep. 2024)

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What is Zhejiang Wanfeng Chemical 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. Zhejiang Wanfeng Chemical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.05%.

Zhejiang Wanfeng Chemical Co ROCE % Historical Data

The historical data trend for Zhejiang Wanfeng Chemical 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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Zhejiang Wanfeng Chemical Co ROCE % Chart

Zhejiang Wanfeng Chemical Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

34.49

22.16

13.07

10.98

6.01

Zhejiang Wanfeng Chemical Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									3.51	3.82	2.26	4.26	3.05

Zhejiang Wanfeng Chemical Co ROCE % Calculation

Zhejiang Wanfeng Chemical 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 )
	=	50.983	/	( ( (857.709 - 241.634)	+	(1383.271 - 301.34) )	/ 2 )
	=	50.983	/	( (616.075	+	1081.931)	/ 2 )
	=	50.983	/	849.003
	=	6.01 %

Zhejiang Wanfeng Chemical 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 )
	=	33.416	/	( ( (1315.316 - 222.386)	+	(1391.181 - 293.751) )	/ 2 )
	=	33.416	/	( ( 1092.93	+	1097.43 )	/ 2 )
	=	33.416	/	1095.18
	=	3.05 %

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

Zhejiang Wanfeng Chemical Co (SHSE:603172) 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.

Zhejiang Wanfeng Chemical Co ROCE % Related Terms

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Zhejiang Wanfeng Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Wanfeng Chemical Co Ltd (SHSE:603172) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xiner Village, Ma'an Town, Keqiao District, Zhejiang, Shaoxing, CHN

Website

http://www.wfdyes.com

Zhejiang Wanfeng Chemical Co Ltd is a national high-tech enterprise specializing in research, Development, production and sales of high-end disperse dyes. The company's main industry is disperse dyes, with an annual production capacity of approximately 10,000 tons, which are used for the dyeing and printing of polyester and its blended fabrics. The high-washing series of disperse dyes is the company's superior product, which has strong market competitiveness and is widely used in the fabrics of major outdoor sports brands. It has become one of the industry's benchmark products in the field of high-end outdoor sportswear.

Zhejiang Wanfeng Chemical Co Headlines

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