Shanghai Titan Scientific Co (SHSE:688133) ROCE % : 1.63% (As of Sep. 2024)

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What is Shanghai Titan Scientific 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. Shanghai Titan Scientific Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.63%.

Shanghai Titan Scientific Co ROCE % Historical Data

The historical data trend for Shanghai Titan Scientific 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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Shanghai Titan Scientific Co ROCE % Chart

Shanghai Titan Scientific Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.06

12.24

11.14

7.38

3.58

Shanghai Titan Scientific 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															4.50	0.50	1.46	1.78	1.63

Shanghai Titan Scientific Co ROCE % Calculation

Shanghai Titan Scientific 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 )
	=	113.179	/	( ( (3971.605 - 888.648)	+	(4388.325 - 1143.989) )	/ 2 )
	=	113.179	/	( (3082.957	+	3244.336)	/ 2 )
	=	113.179	/	3163.6465
	=	3.58 %

Shanghai Titan Scientific 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 )
	=	53.7	/	( ( (4712.269 - 1457.172)	+	(4845.064 - 1524.452) )	/ 2 )
	=	53.7	/	( ( 3255.097	+	3320.612 )	/ 2 )
	=	53.7	/	3287.8545
	=	1.63 %

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

Shanghai Titan Scientific Co (SHSE:688133) 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.

Shanghai Titan Scientific Co ROCE % Related Terms

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Shanghai Titan Scientific Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Titan Scientific Co Ltd (SHSE:688133) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

89 Shilong Road, Xuhui District, Shanghai, CHN

Website

http://www.titansci.com

Shanghai Titan Scientific Co Ltd is engaged in providing scientific research reagents, special chemicals, scientific research instruments and consumables, laboratory construction and scientific research information services.

Executives

Ge Wen Hui	Core technical personnel
Fan Ya Ping	Director
Zhou Xiao Wei	Core technical personnel
Ding Gao Xiang	Directors, senior managers, core technical personnel
Xu Feng Yuan	Director
Xie Ying Bo	Director, core technical staff
Zhang Hua	Directors, senior managers
Zhou Zhi Hong	senior management
Zhang Qing	Directors, senior managers, core technical personnel
Wang Jing Yu	Directors, senior managers

Shanghai Titan Scientific Co Headlines

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