Shanghai Chemspec (SHSE:688602) ROCE % : -4.51% (As of Sep. 2024)

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What is Shanghai Chemspec 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 Chemspec's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.51%.

Shanghai Chemspec ROCE % Historical Data

The historical data trend for Shanghai Chemspec'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 Chemspec ROCE % Chart

Shanghai Chemspec Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.27

9.24

10.44

11.44

5.64

Shanghai Chemspec Quarterly Data
	Dec17	Sep18	Dec18	Jun19	Sep19	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.47	0.45	3.17	-1.84	-4.51

Shanghai Chemspec ROCE % Calculation

Shanghai Chemspec'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 )
	=	134.889	/	( ( (2538.094 - 634.106)	+	(3295.98 - 419.924) )	/ 2 )
	=	134.889	/	( (1903.988	+	2876.056)	/ 2 )
	=	134.889	/	2390.022
	=	5.64 %

Shanghai Chemspec'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 )
	=	-130.5	/	( ( (3303.425 - 400.359)	+	(3342.084 - 462.828) )	/ 2 )
	=	-130.5	/	( ( 2903.066	+	2879.256 )	/ 2 )
	=	-130.5	/	2891.161
	=	-4.51 %

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

Shanghai Chemspec (SHSE:688602) 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 Chemspec ROCE % Related Terms

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Shanghai Chemspec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Chemspec Corp (SHSE:688602) » Definitions » ROCE %

Traded in Other Exchanges

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Address

Qilianshan South Road, Building 1, No. 200, Lane 2891, Putuo, Shanghai, CHN, 200331

Website

https://www.chemspec.com.cn

Shanghai Chemspec Corp is engaged in research & development, production and sales of fine chemicals. It is globally recognized as an industry leader in providing fluorinated specialty chemicals serving markets in a variety of applications. These include liquid crystals, lithium-ion battery components, pharmaceutical chemicals, and agrochemicals.

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