Sk Shu Paint Co (SHSE:603737) ROCE % : 7.26% (As of Mar. 2024)

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What is Sk Shu Paint 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. Sk Shu Paint Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.26%.

Sk Shu Paint Co ROCE % Historical Data

The historical data trend for Sk Shu Paint 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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Sk Shu Paint Co ROCE % Chart

Sk Shu Paint Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.45

24.12

-12.20

11.73

8.72

Sk Shu Paint Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.59	32.93	26.72	-36.40	7.26

Sk Shu Paint Co ROCE % Calculation

Sk Shu Paint 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 )
	=	401.609	/	( ( (13758.561 - 9208.545)	+	(14138.19 - 9475.077) )	/ 2 )
	=	401.609	/	( (4550.016	+	4663.113)	/ 2 )
	=	401.609	/	4606.5645
	=	8.72 %

Sk Shu Paint Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	337.544	/	( ( (14138.19 - 9475.077)	+	(13436.242 - 8806.388) )	/ 2 )
	=	337.544	/	( ( 4663.113	+	4629.854 )	/ 2 )
	=	337.544	/	4646.4835
	=	7.26 %

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

Sk Shu Paint Co (SHSE:603737) 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.

Sk Shu Paint Co ROCE % Related Terms

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Sk Shu Paint Co (SHSE:603737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sk Shu Paint Co Ltd (SHSE:603737) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 518 LIyuan North Road, Licheng District, Fujian Province, Putian City, CHN, 351100

Website

http://www.skshu.com.cn

Sk Shu Paint Co Ltd operates in the business of paint products. It offers decorative paints, such as interior paints; architectural coatings, including floor paints, granite paints, stone covers, texture paints, and rock chip paints; wood paints comprising ultraviolet, PU, and NC paints; and auxiliary materials consisting of adhesives, waterproof paints, and putty.

Executives

Zhao Fu Wei	Supervisors
Mi Li	Directors, senior managers
Peng Yong Sen	Supervisors
Hong Jie	Directors, senior managers
Lin De Dian	senior management
Zhu Qi Feng	Directors, senior managers
Lin Li Zhong	Director
Cai Wei Ting	Supervisors
Huang Sheng Lin	senior management
Fang Guo Qin	Directors, senior managers
Chen Chao Yang	Supervisors

Sk Shu Paint Co (SHSE:603737) Headlines

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