Shanghai RAAS Blood Products Co (SZSE:002252) ROCE % : 12.01% (As of Mar. 2024)

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What is Shanghai RAAS Blood Products 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 RAAS Blood Products Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.01%.

Shanghai RAAS Blood Products Co ROCE % Historical Data

The historical data trend for Shanghai RAAS Blood Products 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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Shanghai RAAS Blood Products Co ROCE % Chart

Shanghai RAAS Blood Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.53

8.05

6.03

8.30

7.53

Shanghai RAAS Blood Products Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.56	8.22	8.66	1.30	12.01

Shanghai RAAS Blood Products Co ROCE % Calculation

Shanghai RAAS Blood Products 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 )
	=	2204.204	/	( ( (30457.959 - 1624.664)	+	(31928.454 - 2244.576) )	/ 2 )
	=	2204.204	/	( (28833.295	+	29683.878)	/ 2 )
	=	2204.204	/	29258.5865
	=	7.53 %

Shanghai RAAS Blood Products Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3612.524	/	( ( (31928.454 - 2244.576)	+	(32776.666 - 2283.179) )	/ 2 )
	=	3612.524	/	( ( 29683.878	+	30493.487 )	/ 2 )
	=	3612.524	/	30088.6825
	=	12.01 %

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

Shanghai RAAS Blood Products Co (SZSE:002252) 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 RAAS Blood Products Co ROCE % Related Terms

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Shanghai RAAS Blood Products Co (SZSE:002252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shanghai RAAS Blood Products Co Ltd (SZSE:002252) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2009, Wangyuan Road, Fengxian District, Shanghai, CHN, 201401

Website

http://www.raas-corp.com

Shanghai RAAS Blood Products Co Ltd is a blood products manufacturer in China that has high comprehensive utilization of plasma raw material and a range of products with different specifications. It is engaged in the research, development, and manufacture of blood products and plasma-derived medical products. The company's products include albumin, coagulation factors, and others.

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