Shanghai Material Trading Co (SHSE:900927) ROCE % : 5.69% (As of Sep. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Shanghai Material Trading 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 Material Trading Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.69%.

Shanghai Material Trading Co ROCE % Historical Data

The historical data trend for Shanghai Material Trading 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.

Shanghai Material Trading Co ROCE % Chart

Shanghai Material Trading Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

13.49

17.06

17.63

5.54

15.42

Shanghai Material Trading 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															3.71	4.35	2.37	7.56	5.69

Shanghai Material Trading Co ROCE % Calculation

Shanghai Material Trading 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 )
	=	29.647	/	( ( (497.983 - 309.471)	+	(438.695 - 242.796) )	/ 2 )
	=	29.647	/	( (188.512	+	195.899)	/ 2 )
	=	29.647	/	192.2055
	=	15.42 %

Shanghai Material Trading 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 )
	=	11.588	/	( ( (402.835 - 202.954)	+	(363.106 - 155.619) )	/ 2 )
	=	11.588	/	( ( 199.881	+	207.487 )	/ 2 )
	=	11.588	/	203.684
	=	5.69 %

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

Shanghai Material Trading Co (SHSE:900927) 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 Material Trading Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shanghai Material Trading Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Material Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Material Trading Co Ltd (SHSE:900927) » Definitions » ROCE %

Traded in Other Exchanges

600822:China

Address

No. 325 South Suzhou Road, 4th Floor, Shanghai, Shanghai, CHN, 200002

Website

http://www.600822sh.com

Shanghai Material Trading Co Ltd is principally engaged in the trading of metal, oil products and automobiles. The company operates its businesses in domestic and overseas markets. Its scopr of business include metal materials, mineral products, light chemical raw materials, building materials, wood, automobiles and accessories, mechanical and electrical equipment, fuel, hardware and electricity, textile Import and export trade business; warehousing, information consulting and technical services.

Shanghai Material Trading Co Headlines

No Headlines