Shenzhen Chipscreen Biosciences Co (SHSE:688321) ROCE % : 0.15% (As of Sep. 2024)

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What is Shenzhen Chipscreen Biosciences 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 Chipscreen Biosciences Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.15%.

Shenzhen Chipscreen Biosciences Co ROCE % Historical Data

The historical data trend for Shenzhen Chipscreen Biosciences 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 Chipscreen Biosciences Co ROCE % Chart

Shenzhen Chipscreen Biosciences Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.03

2.37

1.47

1.78

5.10

Shenzhen Chipscreen Biosciences 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															-5.61	-1.28	-1.24	-1.61	0.15

Shenzhen Chipscreen Biosciences Co ROCE % Calculation

Shenzhen Chipscreen Biosciences 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 )
	=	131.9	/	( ( (2895.799 - 540.541)	+	(3203.249 - 390.805) )	/ 2 )
	=	131.9	/	( (2355.258	+	2812.444)	/ 2 )
	=	131.9	/	2583.851
	=	5.10 %

Shenzhen Chipscreen Biosciences 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 )
	=	4.468	/	( ( (3304.508 - 385.631)	+	(3338.141 - 380.357) )	/ 2 )
	=	4.468	/	( ( 2918.877	+	2957.784 )	/ 2 )
	=	4.468	/	2938.3305
	=	0.15 %

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

Shenzhen Chipscreen Biosciences Co (SHSE:688321) 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.

Shenzhen Chipscreen Biosciences Co ROCE % Related Terms

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Shenzhen Chipscreen Biosciences Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shenzhen Chipscreen Biosciences Co Ltd (SHSE:688321) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 10, Gaoxin Zhongyi, Room 601-606, Building 2, Shenzhen Biological Incubation Base, Gaoxin Zhongyi, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.chipscreen.com

Shenzhen Chipscreen Biosciences Co Ltd is engaged in the research and development of small molecule drugs.

Executives

Shan Song	Core technical personnel
Xie Zheng Sheng	Supervisors
She Liang Ji	senior management
Hai Ou	Directors, senior managers
Pan De Si	Senior management, core technical personnel
Zhang Li Bin	senior management
Li Jian Xun	Director
Li Zhi Bin	senior management
Ning Zhi Qiang	senior management
Zhao Shu Mei	Director
Shen Jian Hua	Supervisors

Shenzhen Chipscreen Biosciences Co Headlines

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