Argus (Shanghai) Textile Chemicals Co (SHSE:603790) ROCE % : 9.41% (As of Mar. 2024)

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What is Argus (Shanghai) Textile Chemicals 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. Argus (Shanghai) Textile Chemicals Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.41%.

Argus (Shanghai) Textile Chemicals Co ROCE % Historical Data

The historical data trend for Argus (Shanghai) Textile Chemicals 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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Argus (Shanghai) Textile Chemicals Co ROCE % Chart

Argus (Shanghai) Textile Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.21

4.63

6.00

3.61

3.86

Argus (Shanghai) Textile Chemicals 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															6.51	6.34	7.28	-4.62	9.41

Argus (Shanghai) Textile Chemicals Co ROCE % Calculation

Argus (Shanghai) Textile Chemicals 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 )
	=	52.341	/	( ( (1621.696 - 235.589)	+	(1738.605 - 414.018) )	/ 2 )
	=	52.341	/	( (1386.107	+	1324.587)	/ 2 )
	=	52.341	/	1355.347
	=	3.86 %

Argus (Shanghai) Textile Chemicals 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 )
	=	122.556	/	( ( (1738.605 - 414.018)	+	(1715.657 - 434.681) )	/ 2 )
	=	122.556	/	( ( 1324.587	+	1280.976 )	/ 2 )
	=	122.556	/	1302.7815
	=	9.41 %

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

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) 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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Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Argus (Shanghai) Textile Chemicals Co Ltd (SHSE:603790) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 388 Jinyuan Liu Road, Jiangqiao, Jiading, Room 275-278, Building 16, Shanghai, CHN, 201812

Website

http://www.argus.net.cn

Argus (Shanghai) Textile Chemicals Co Ltd is a Chinese company that manufactures dyes. The company is specialized in the research and development, manufacturing and marketing of textile chemicals and providing technical support services for several specialties. It offers Dyes for cellulose, polyamide, wool, polyester, and silk. While its other products categories include Argasoft products and other auxiliary services related to dying.

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