Shenzhen Original Advanced Compounds Co (SHSE:603991) ROCE % : -3.80% (As of Mar. 2024)

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What is Shenzhen Original Advanced Compounds 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. Shenzhen Original Advanced Compounds Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.80%.

Shenzhen Original Advanced Compounds Co ROCE % Historical Data

The historical data trend for Shenzhen Original Advanced Compounds 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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Shenzhen Original Advanced Compounds Co ROCE % Chart

Shenzhen Original Advanced Compounds Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.33

-10.37

-13.78

-5.17

-6.91

Shenzhen Original Advanced Compounds 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															-4.39	-6.39	-2.03	-15.89	-3.80

Shenzhen Original Advanced Compounds Co ROCE % Calculation

Shenzhen Original Advanced Compounds 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 )
	=	-27.442	/	( ( (403.376 - 66.051)	+	(600.749 - 143.567) )	/ 2 )
	=	-27.442	/	( (337.325	+	457.182)	/ 2 )
	=	-27.442	/	397.2535
	=	-6.91 %

Shenzhen Original Advanced Compounds 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 )
	=	-18.148	/	( ( (600.749 - 143.567)	+	(619.15 - 120.596) )	/ 2 )
	=	-18.148	/	( ( 457.182	+	498.554 )	/ 2 )
	=	-18.148	/	477.868
	=	-3.80 %

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

Shenzhen Original Advanced Compounds Co (SHSE:603991) 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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Shenzhen Original Advanced Compounds Co (SHSE:603991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Original Advanced Compounds Co Ltd (SHSE:603991) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 268, North Hengshahe Road, Xinzhuang Industrial Zone, Minhang District, Shanghai, CHN, 201108

Website

http://www.sh-original.com

Shenzhen Original Advanced Compounds Co Ltd engages in the manufacture and sale of special high polymer materials that are used in the production of wires and cables. Its products are widely used as insulation materials or outer sheath materials in the production of wire and cable and optical cable, mainly including 3G/4G RF cable and FTTX cable.

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