Sichuan Shengda Forestry Industry Co (SZSE:002259) ROCE % : 6.48% (As of Mar. 2024)

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What is Sichuan Shengda Forestry Industry 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. Sichuan Shengda Forestry Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.48%.

Sichuan Shengda Forestry Industry Co ROCE % Historical Data

The historical data trend for Sichuan Shengda Forestry Industry 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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Sichuan Shengda Forestry Industry Co ROCE % Chart

Sichuan Shengda Forestry Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-93.44

60.41

38.45

-1.03

5.87

Sichuan Shengda Forestry Industry 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															10.85	13.13	12.29	-11.03	6.48

Sichuan Shengda Forestry Industry Co ROCE % Calculation

Sichuan Shengda Forestry Industry 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 )
	=	37.066	/	( ( (969.871 - 382.523)	+	(893.249 - 217.791) )	/ 2 )
	=	37.066	/	( (587.348	+	675.458)	/ 2 )
	=	37.066	/	631.403
	=	5.87 %

Sichuan Shengda Forestry Industry 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 )
	=	43.96	/	( ( (893.249 - 217.791)	+	(897.474 - 215.826) )	/ 2 )
	=	43.96	/	( ( 675.458	+	681.648 )	/ 2 )
	=	43.96	/	678.553
	=	6.48 %

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

Sichuan Shengda Forestry Industry Co (SZSE:002259) 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.

Sichuan Shengda Forestry Industry Co ROCE % Related Terms

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Sichuan Shengda Forestry Industry Co (SZSE:002259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sichuan Shengda Forestry Industry Co Ltd (SZSE:002259) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42 Donghua Main Street, Jinjiang District, Chengdu, Sichuan, CHN, 610016

Website

http://www.shengdawood.com

Sichuan Shengda Forestry Industry Co Ltd operates in the development of clean energy business. The company is engaged in the upstream which include exploration and mining, midstream which includes processing and logistics, and downstream which include application and distribution. The business segments of the company include LNG production and sales, town cooperation, LNG logistics, gas station, and peaking station.

Executives

Yan Jing Sheng	Supervisors
Xiang Zhong Hua	Directors, executives
Zhang Chang Lin	Supervisors
Jiang Chang Zheng	Director
Dong Jing Tao	Director
Cai Chun	Director
Zhu Hong Yao	Executives

Sichuan Shengda Forestry Industry Co (SZSE:002259) Headlines

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