Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) ROCE % : 0.40% (As of Mar. 2024)

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What is Shanghai SK Petroleum & Chemical Equipment 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 SK Petroleum & Chemical Equipment's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.40%.

Shanghai SK Petroleum & Chemical Equipment ROCE % Historical Data

The historical data trend for Shanghai SK Petroleum & Chemical Equipment'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 SK Petroleum & Chemical Equipment ROCE % Chart

Shanghai SK Petroleum & Chemical Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.64

3.89

4.91

-1.02

3.78

Shanghai SK Petroleum & Chemical Equipment 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															-1.33	8.47	2.36	5.62	0.40

Shanghai SK Petroleum & Chemical Equipment ROCE % Calculation

Shanghai SK Petroleum & Chemical Equipment'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 )
	=	45.757	/	( ( (1813.23 - 620.06)	+	(1806.343 - 576.622) )	/ 2 )
	=	45.757	/	( (1193.17	+	1229.721)	/ 2 )
	=	45.757	/	1211.4455
	=	3.78 %

Shanghai SK Petroleum & Chemical Equipment'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 )
	=	4.924	/	( ( (1806.343 - 576.622)	+	(1758.826 - 528.785) )	/ 2 )
	=	4.924	/	( ( 1229.721	+	1230.041 )	/ 2 )
	=	4.924	/	1229.881
	=	0.40 %

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

Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) 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 SK Petroleum & Chemical Equipment ROCE % Related Terms

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Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai SK Petroleum & Chemical Equipment Corp Ltd (SZSE:002278) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114

Website

http://www.shenkai.com

Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.

Executives

Li Fang Ying	Director
Zhang Guan Jun	Independent director
Tang Wei Min	Executives
Jiang Gan Hong	Supervisors
Zhao Xin Yi	Executives
Gu Cheng Yu	Directors, executives
Huang Jia Liu	Director
Wang Xiang Wei	Director
Kou Yu Ting	Directors, executives
Gu Bing	Directors, Directors, and Executives
Yuan Jian Xin	Director
Wang Min	Executives
Chen Zhi Min	Supervisors
Gu Zheng	Director
Hu Shou Jun	Independent director

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