Shandong Donghong Pipe Industry Co (SHSE:603856) ROCE % : 5.52% (As of Sep. 2024)

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What is Shandong Donghong Pipe Industry 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 Donghong Pipe Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.52%.

Shandong Donghong Pipe Industry Co ROCE % Historical Data

The historical data trend for Shandong Donghong Pipe Industry 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 Donghong Pipe Industry Co ROCE % Chart

Shandong Donghong Pipe Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.95

19.90

8.15

9.12

8.89

Shandong Donghong Pipe Industry 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															2.38	2.51	10.99	17.60	5.52

Shandong Donghong Pipe Industry Co ROCE % Calculation

Shandong Donghong Pipe Industry 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 )
	=	211.799	/	( ( (3937.631 - 1486.788)	+	(3558.514 - 1244.588) )	/ 2 )
	=	211.799	/	( (2450.843	+	2313.926)	/ 2 )
	=	211.799	/	2382.3845
	=	8.89 %

Shandong Donghong Pipe Industry 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 )
	=	144.884	/	( ( (4019.162 - 1449.987)	+	(3966.394 - 1281.911) )	/ 2 )
	=	144.884	/	( ( 2569.175	+	2684.483 )	/ 2 )
	=	144.884	/	2626.829
	=	5.52 %

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

Shandong Donghong Pipe Industry Co (SHSE:603856) 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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Shandong Donghong Pipe Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Donghong Pipe Industry Co Ltd (SHSE:603856) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Donghong Road, Shandong Province, Qufu, CHN, 273100

Website

http://www.dhguanye.com

Shandong Donghong Pipe Industry Co Ltd is engaged in the research and development, manufacturing and service of an intelligent pipeline system in China. Its products line includes steel mesh skeleton plastic composite pipes, super wear-resisting composite pipes, HDPE gas pipes, plastic-coated steel pipes, polyethylene pipes for underground coal mining, and other products.

Executives

Bi Xing Tao	Director
Kong Zhi Yong	Director
Xun Jin Long	senior management
Fan Peng	senior management
Yang Cui Wei	senior management
Liu Yong	Director
Ju Heng Shan	Directors, senior managers
Xue Chun De	senior management
Liu Bin	Directors, senior managers
Ni Li Ying	Director

Shandong Donghong Pipe Industry Co Headlines

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