Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) ROCE % : 6.91% (As of Sep. 2024)

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What is Asia-Potash International Investment (Guangzhou) 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. Asia-Potash International Investment (Guangzhou) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.91%.

Asia-Potash International Investment (Guangzhou) Co ROCE % Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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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Asia-Potash International Investment (Guangzhou) Co ROCE % Chart

Asia-Potash International Investment (Guangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.39

2.00

21.85

25.95

11.15

Asia-Potash International Investment (Guangzhou) 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															7.75	8.91	2.52	6.57	6.91

Asia-Potash International Investment (Guangzhou) Co ROCE % Calculation

Asia-Potash International Investment (Guangzhou) 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 )
	=	1412.168	/	( ( (12846.674 - 998.412)	+	(15698.292 - 2222.442) )	/ 2 )
	=	1412.168	/	( (11848.262	+	13475.85)	/ 2 )
	=	1412.168	/	12662.056
	=	11.15 %

Asia-Potash International Investment (Guangzhou) 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 )
	=	1020.056	/	( ( (16889.758 - 2230.912)	+	(17440.612 - 2560.83) )	/ 2 )
	=	1020.056	/	( ( 14658.846	+	14879.782 )	/ 2 )
	=	1020.056	/	14769.314
	=	6.91 %

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

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) 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.

Asia-Potash International Investment (Guangzhou) Co ROCE % Related Terms

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Asia-Potash International Investment (Guangzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Asia-Potash International Investment (Guangzhou) Co Ltd (SZSE:000893) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330

Website

http://www.dongling.cn

Asia-Potash International Investment (Guangzhou) Co Ltd is engaged in Potash mining, potash fertilizer production and sales, and grain trading.

Executives

Chen Xue Ping	Executives
Yu Long	Executives
Lai Ning Chang	Director
Li Chao Bo	Supervisors
Jiang Yi	Director
Xu Ji Ping	Director
Ma Kai	Directors, executives
Hou Xun Tian	Director
Tian Yan	Directors, executives
Xu Jian Fei	Executives
Shi Ge Yan	Executives
Rao Zhi Long	Directors, executives
Liu Jie	Executives

Asia-Potash International Investment (Guangzhou) Co Headlines

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