Shanghai Yongguan Adhesive Products (SHSE:603681) ROCE % : 5.67% (As of Sep. 2024)

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What is Shanghai Yongguan Adhesive Products 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. Shanghai Yongguan Adhesive Products's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.67%.

Shanghai Yongguan Adhesive Products ROCE % Historical Data

The historical data trend for Shanghai Yongguan Adhesive Products'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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Shanghai Yongguan Adhesive Products ROCE % Chart

Shanghai Yongguan Adhesive Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.42

11.82

10.92

8.87

3.65

Shanghai Yongguan Adhesive Products 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															10.33	4.57	7.39	5.14	5.67

Shanghai Yongguan Adhesive Products ROCE % Calculation

Shanghai Yongguan Adhesive Products'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 )
	=	149.256	/	( ( (6456.835 - 2162.58)	+	(6486.3 - 2601.575) )	/ 2 )
	=	149.256	/	( (4294.255	+	3884.725)	/ 2 )
	=	149.256	/	4089.49
	=	3.65 %

Shanghai Yongguan Adhesive Products'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 )
	=	234.532	/	( ( (6680.453 - 2434.504)	+	(6594.678 - 2560.813) )	/ 2 )
	=	234.532	/	( ( 4245.949	+	4033.865 )	/ 2 )
	=	234.532	/	4139.907
	=	5.67 %

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

Shanghai Yongguan Adhesive Products (SHSE:603681) 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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Shanghai Yongguan Adhesive Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Yongguan Adhesive Products Corp Ltd (SHSE:603681) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Kanggong Road, Zhujiajiao Industrial Park, Qingpu District, Shanghai, CHN, 201713

Website

http://www.ygtape.com

Shanghai Yongguan Adhesive Products Corp Ltd is engaged in manufacturing of chemical raw materials and chemical.

Executives

Lv Xin Min	Director
Yang De Bo	Directors, senior managers
Cui Zhi Yong	Supervisors
Shi Li Shan	senior management

Shanghai Yongguan Adhesive Products Headlines

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