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Shandong Fiberglass Group Co (SHSE:605006) ROCE % : 1.84% (As of Dec. 2024)


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What is Shandong Fiberglass Group 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 Fiberglass Group Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.84%.


Shandong Fiberglass Group Co ROCE % Historical Data

The historical data trend for Shandong Fiberglass Group 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.

* Premium members only.

Shandong Fiberglass Group Co ROCE % Chart

Shandong Fiberglass Group Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.07 23.26 18.49 4.16 -1.19

Shandong Fiberglass Group Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.24 -6.22 -0.19 -0.41 1.84

Shandong Fiberglass Group Co ROCE % Calculation

Shandong Fiberglass Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-53.649/( ( (6647.209 - 2344.504) + (7138.031 - 2443.61) )/ 2 )
=-53.649/( (4302.705+4694.421)/ 2 )
=-53.649/4498.563
=-1.19 %

Shandong Fiberglass Group Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=87.152/( ( (6719.794 - 1950.594) + (7138.031 - 2443.61) )/ 2 )
=87.152/( ( 4769.2 + 4694.421 )/ 2 )
=87.152/4731.8105
=1.84 %

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

* 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.


Shandong Fiberglass Group Co  (SHSE:605006) 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.


Shandong Fiberglass Group Co ROCE % Related Terms

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Shandong Fiberglass Group Co Business Description

Traded in Other Exchanges
N/A
Address
Yishui County Industrial Park, Shandong Province, Linyi, CHN, 276400
Shandong Fiberglass Group Co Ltd is engaged in production and sales of glass fiber and its products. The company's products include Glass fiber yarn and Fiberglass products.
Executives
Niu Ai Jun Director
Song Zhong Ling Supervisors
Zhao Yan Supervisors
Qiu Yuan Guo senior management
Du Ji Shan senior management
Wang Chuan Qiu senior management
Li Jin Bao senior management
Guo Zhao Heng senior management
Yang Feng Bo senior management
Cui Bao Shan senior management
Zhang Shan Jun Director
Li Zhao senior management
Wu Yu Lou Supervisors
Gao Gui Heng Director

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