Silvery Dragon Prestressed Materials Co Tianjin (SHSE:603969) ROCE % : 14.86% (As of Sep. 2024)

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What is Silvery Dragon Prestressed Materials Co Tianjin 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. Silvery Dragon Prestressed Materials Co Tianjin's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.86%.

Silvery Dragon Prestressed Materials Co Tianjin ROCE % Historical Data

The historical data trend for Silvery Dragon Prestressed Materials Co Tianjin'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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Silvery Dragon Prestressed Materials Co Tianjin ROCE % Chart

Silvery Dragon Prestressed Materials Co Tianjin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.22

9.90

10.19

6.91

9.98

Silvery Dragon Prestressed Materials Co Tianjin 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															8.03	12.81	8.89	14.83	14.86

Silvery Dragon Prestressed Materials Co Tianjin ROCE % Calculation

Silvery Dragon Prestressed Materials Co Tianjin'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 )
	=	223.517	/	( ( (3244.687 - 1057.634)	+	(3366.593 - 1072.199) )	/ 2 )
	=	223.517	/	( (2187.053	+	2294.394)	/ 2 )
	=	223.517	/	2240.7235
	=	9.98 %

Silvery Dragon Prestressed Materials Co Tianjin'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 )
	=	374.956	/	( ( (3607.215 - 1154.066)	+	(3848.243 - 1254.059) )	/ 2 )
	=	374.956	/	( ( 2453.149	+	2594.184 )	/ 2 )
	=	374.956	/	2523.6665
	=	14.86 %

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

Silvery Dragon Prestressed Materials Co Tianjin (SHSE:603969) 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.

Silvery Dragon Prestressed Materials Co Tianjin ROCE % Related Terms

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Silvery Dragon Prestressed Materials Co Tianjin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Silvery Dragon Prestressed Materials Co Ltd Tianjin (SHSE:603969) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.62 Shuangyuan Industry Park, Shuangjiang Road, Beichen District, Tianjin, CHN, 300400

Website

http://en.yinlong.com

Silvery Dragon Prestressed Materials Co Ltd Tianjin is engaged in the manufacturing of prestressed concrete steels. Its products include the whole system of PC wire, PC bar, and PC strand, also developed the special PC steel and the large diameter pre-stressed steel rods, hollow pre-stressed anchor bars, and for customers to develop all kinds of new products. It also researches of Railway sleeper, Railway track plate, bridges, PCCP water division pipe, hollow core board, PC pile and other Prestressed concrete structure.

Executives

Zhong Zhi Chao	Director
Xie Zhi Chao	senior management
Ai Zhi Gang	senior management
Zhang Qi Ming	senior management
Yu Jing Qi	Director
Xie Zhi Feng	Director
Xie Tie Gen	Director
Xie Zhao Ting	Supervisors
Xie Hui Zong	senior management
Xie Zhi Qin	senior management
Li Jing Quan	senior management
Zhang Xin	Director
Sun Wei Na	Director
Xie Tie Qiao	Director
Lian Jiang	Supervisors

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