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Zhongfu Shenying Carbon Fiber Co (SHSE:688295) ROCE % : -0.92% (As of Sep. 2024)


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What is Zhongfu Shenying Carbon Fiber 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. Zhongfu Shenying Carbon Fiber Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.92%.


Zhongfu Shenying Carbon Fiber Co ROCE % Historical Data

The historical data trend for Zhongfu Shenying Carbon Fiber 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.

Zhongfu Shenying Carbon Fiber Co ROCE % Chart

Zhongfu Shenying Carbon Fiber Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 6.25 7.82 15.49 16.63 5.40

Zhongfu Shenying Carbon Fiber Co Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.49 1.42 3.36 -0.72 -0.92

Zhongfu Shenying Carbon Fiber Co ROCE % Calculation

Zhongfu Shenying Carbon Fiber 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 )
=361.746/( ( (7247.372 - 1295.492) + (9536.195 - 2101.197) )/ 2 )
=361.746/( (5951.88+7434.998)/ 2 )
=361.746/6693.439
=5.40 %

Zhongfu Shenying Carbon Fiber 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 )
=-70.356/( ( (9295.408 - 1626.856) + (9204.341 - 1540.146) )/ 2 )
=-70.356/( ( 7668.552 + 7664.195 )/ 2 )
=-70.356/7666.3735
=-0.92 %

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


Zhongfu Shenying Carbon Fiber Co  (SHSE:688295) 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.


Zhongfu Shenying Carbon Fiber Co ROCE % Related Terms

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Zhongfu Shenying Carbon Fiber Co Business Description

Traded in Other Exchanges
N/A
Address
North of South Ring Road, Economic and Technological Development Zone, Jiangsu Province, Dapu Industrial Zone, Lianyungang, CHN, 222000
Zhongfu Shenying Carbon Fiber Co Ltd is engaged in the research and development, production and sales of carbon fiber and composite materials.

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