Solbar Ningbo Protein Technology Co (SHSE:603231) ROCE % : 5.31% (As of Sep. 2024)

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What is Solbar Ningbo Protein Technology 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. Solbar Ningbo Protein Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.31%.

Solbar Ningbo Protein Technology Co ROCE % Historical Data

The historical data trend for Solbar Ningbo Protein Technology 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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Solbar Ningbo Protein Technology Co ROCE % Chart

Solbar Ningbo Protein Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

15.79

20.47

21.91

25.77

13.14

Solbar Ningbo Protein Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									24.76	11.11	9.43	8.24	5.31

Solbar Ningbo Protein Technology Co ROCE % Calculation

Solbar Ningbo Protein Technology 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 )
	=	179.165	/	( ( (1144.915 - 323.838)	+	(2140.466 - 234.281) )	/ 2 )
	=	179.165	/	( (821.077	+	1906.185)	/ 2 )
	=	179.165	/	1363.631
	=	13.14 %

Solbar Ningbo Protein Technology 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 )
	=	98.604	/	( ( (2010.781 - 164.767)	+	(2032.149 - 166.232) )	/ 2 )
	=	98.604	/	( ( 1846.014	+	1865.917 )	/ 2 )
	=	98.604	/	1855.9655
	=	5.31 %

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

Solbar Ningbo Protein Technology Co (SHSE:603231) 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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Solbar Ningbo Protein Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Solbar Ningbo Protein Technology Co Ltd (SHSE:603231) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 12, Xingye Avenue, Ningbo Free Trade Zone, Zhejiang Province, Ningbo, CHN, 315800

Website

http://www.solbar.com

Solbar Ningbo Protein Technology Co Ltd is engaged in the production and sales of soy protein series products. Its products include Functional Soy Protein Concentrates, Textured Soy Protein Concentrates, Textured Soy Protein, Textured Fibrous Vegetable Protein, Isolated Soy Protein and Defatted Soy Flour.

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