Orinko Advanced Plastics Co (SHSE:688219) ROCE % : 9.00% (As of Sep. 2024)

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What is Orinko Advanced Plastics 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. Orinko Advanced Plastics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.00%.

Orinko Advanced Plastics Co ROCE % Historical Data

The historical data trend for Orinko Advanced Plastics 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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Orinko Advanced Plastics Co ROCE % Chart

Orinko Advanced Plastics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.62

15.73

5.44

4.38

7.36

Orinko Advanced Plastics 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															8.72	7.61	9.17	9.25	9.00

Orinko Advanced Plastics Co ROCE % Calculation

Orinko Advanced Plastics 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 )
	=	227.219	/	( ( (6442.634 - 3268.661)	+	(6547.935 - 3546.199) )	/ 2 )
	=	227.219	/	( (3173.973	+	3001.736)	/ 2 )
	=	227.219	/	3087.8545
	=	7.36 %

Orinko Advanced Plastics 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 )
	=	304.72	/	( ( (6500.412 - 3250.812)	+	(6866.458 - 3344.595) )	/ 2 )
	=	304.72	/	( ( 3249.6	+	3521.863 )	/ 2 )
	=	304.72	/	3385.7315
	=	9.00 %

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

Orinko Advanced Plastics Co (SHSE:688219) 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.

Orinko Advanced Plastics Co ROCE % Related Terms

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Orinko Advanced Plastics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Orinko Advanced Plastics Co Ltd (SHSE:688219) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Luhua Road, Baiyan Science and Technology Park, High-tech Zone, Hefei, CHN, 231202

Website

http://www.orinko.com.cn

Orinko Advanced Plastics Co Ltd is engaged in the research and development, production and sales of polymer modified materials, and providing customers with high-performance and functional material solutions. The company has a variety of product platforms for polyolefins, polystyrenes, engineering plastics and other categories, with a rich product range, and more than 300 varieties of polymer high-performance and functional products. Its products are widely used in many national pillar industries and emerging industries such as home appliances, automobiles, 5G communications, electronic and electrical, medical, rail transit, home building materials, security and so on.

Executives

Li Rong Qun	Director
Wang Can Yao	Directors, senior managers

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