Shandong Gold Phoenix Co (SHSE:603586) ROCE % : 7.22% (As of Sep. 2024)

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What is Shandong Gold Phoenix 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. Shandong Gold Phoenix Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.22%.

Shandong Gold Phoenix Co ROCE % Historical Data

The historical data trend for Shandong Gold Phoenix 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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Shandong Gold Phoenix Co ROCE % Chart

Shandong Gold Phoenix Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.53

8.80

-3.04

10.63

7.63

Shandong Gold Phoenix 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															2.99	8.23	3.52	4.19	7.22

Shandong Gold Phoenix Co ROCE % Calculation

Shandong Gold Phoenix 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 )
	=	172.109	/	( ( (2848.952 - 612.347)	+	(2630.373 - 358.024) )	/ 2 )
	=	172.109	/	( (2236.605	+	2272.349)	/ 2 )
	=	172.109	/	2254.477
	=	7.63 %

Shandong Gold Phoenix 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 )
	=	166.032	/	( ( (2604.439 - 322.954)	+	(2662.175 - 342.641) )	/ 2 )
	=	166.032	/	( ( 2281.485	+	2319.534 )	/ 2 )
	=	166.032	/	2300.5095
	=	7.22 %

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

Shandong Gold Phoenix Co (SHSE:603586) 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.

Shandong Gold Phoenix Co ROCE % Related Terms

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Shandong Gold Phoenix Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Gold Phoenix Co Ltd (SHSE:603586) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

999 Fule Road, Shandong Province, Leling, CHN, 253600

Website

https://www.chinabrake.com

Shandong Gold Phoenix Co Ltd is a Chinese company engaged in the business of manufacturing braking friction products. Its product portfolio includes disc brake pad, brake shoe, brake disc, brake pad, brake lining for passenger and commercial vehicles and brake products for industrial applications. The company offers its products in China, and also exports its products into other countries. The brands owned by the company are LBP, LJP and JSA.

Executives

Liu Shu Wang	Supervisors
Sun Zhong Yi	Director
Xin Bin	Director
Jia Zhong Min	Director
Zhen Ming Hui	Director
Sun Wei Hua	Director
Han Qing Guang	senior management
Jia Lin	Director
Zhao Feng Liang	Director
Li Yan Song	senior management

Shandong Gold Phoenix Co Headlines

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