Guizhou Xinbang Pharmaceutical Co (SZSE:002390) ROCE % : 5.84% (As of Sep. 2024)

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What is Guizhou Xinbang Pharmaceutical 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. Guizhou Xinbang Pharmaceutical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.84%.

Guizhou Xinbang Pharmaceutical Co ROCE % Historical Data

The historical data trend for Guizhou Xinbang Pharmaceutical 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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Guizhou Xinbang Pharmaceutical Co ROCE % Chart

Guizhou Xinbang Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.08

6.91

8.62

5.22

6.10

Guizhou Xinbang Pharmaceutical 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															7.69	3.77	4.79	5.16	5.84

Guizhou Xinbang Pharmaceutical Co ROCE % Calculation

Guizhou Xinbang Pharmaceutical 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 )
	=	435.72	/	( ( (9793.503 - 2686.811)	+	(9244.971 - 2058.569) )	/ 2 )
	=	435.72	/	( (7106.692	+	7186.402)	/ 2 )
	=	435.72	/	7146.547
	=	6.10 %

Guizhou Xinbang Pharmaceutical 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 )
	=	416.644	/	( ( (9005.185 - 1884.423)	+	(8896.669 - 1758.88) )	/ 2 )
	=	416.644	/	( ( 7120.762	+	7137.789 )	/ 2 )
	=	416.644	/	7129.2755
	=	5.84 %

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

Guizhou Xinbang Pharmaceutical Co (SZSE:002390) 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.

Guizhou Xinbang Pharmaceutical Co ROCE % Related Terms

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Guizhou Xinbang Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Guizhou Xinbang Pharmaceutical Co Ltd (SZSE:002390) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

6th Floor, Kekai 1st Court, Intersection of Aerospace Avenue and Xintian Avenue, Wudang District, Guiyang, CHN

Website

http://www.xinbang.com

Guizhou Xinbang Pharmaceutical Co Ltd is a China-based pharmaceutical company. The company is engaged in providing medical services and pharmaceutical distribution. The scope of business also covers the cultivation of Chinese herbal medicines, production of Chinese herbal medicines and Chinese patent medicines, research and development, production and sales of biological drugs, and other fields.

Executives

An Ji	Director
Gao Wen Lin	Executives
Lu Ya Fang	Executives
Xu Qi	Directors, executives
An Huai Lve	Director
Ma Cheng	Director
Zhang Jie Qing	Directors, executives
Kong Ling Zhong	Directors, executives
Liu Xiao Yang	Executives
Xiao Ya Yun	Executives
Yang Pei	Executives
Zhang Guan Fu	Director
Chen Chuan	Directors, executives
He Wen Jun	Supervisors
Lv Yu Tao	Director

Guizhou Xinbang Pharmaceutical Co Headlines

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