Jiangsu Changqing Agrichemical Co (SZSE:002391) ROCE % : 1.74% (As of Mar. 2024)

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What is Jiangsu Changqing Agrichemical 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. Jiangsu Changqing Agrichemical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.74%.

Jiangsu Changqing Agrichemical Co ROCE % Historical Data

The historical data trend for Jiangsu Changqing Agrichemical 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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Jiangsu Changqing Agrichemical Co ROCE % Chart

Jiangsu Changqing Agrichemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.00

5.17

6.51

6.32

2.30

Jiangsu Changqing Agrichemical 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															8.51	7.74	4.33	-11.87	1.74

Jiangsu Changqing Agrichemical Co ROCE % Calculation

Jiangsu Changqing Agrichemical 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 )
	=	125.462	/	( ( (7473.984 - 1991.934)	+	(8050.483 - 2624.066) )	/ 2 )
	=	125.462	/	( (5482.05	+	5426.417)	/ 2 )
	=	125.462	/	5454.2335
	=	2.30 %

Jiangsu Changqing Agrichemical 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 )
	=	98.208	/	( ( (8050.483 - 2624.066)	+	(8603.884 - 2727.08) )	/ 2 )
	=	98.208	/	( ( 5426.417	+	5876.804 )	/ 2 )
	=	98.208	/	5651.6105
	=	1.74 %

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

Jiangsu Changqing Agrichemical Co (SZSE:002391) 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.

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Jiangsu Changqing Agrichemical Co (SZSE:002391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Changqing Agrichemical Co Ltd (SZSE:002391) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Puto Town, Jiangsu City, Jiangsu, Jiangdu, CHN, 225218

Website

http://www.jscq.com

Jiangsu Changqing Agrichemical Co Ltd is a China-based company. It is engaged in the production of synthetic pesticides, pesticide intermediates, and other chemicals.

Executives

Xiao Gang	Securities Affairs Representative
Yu Guo Quan	Director
Huang Nan Zhang	Director
Lv Liang Zhong	Executives
Zhou Ru Xiang	Directors, executives
Zhou Xiu Lai	Supervisors
Yu Guo Qing	Director
Ji Zhi Yang	Supervisors
Ma Zhang Qing	Directors, executives
Sun Xia Lin	Executives
Du Gang	Executives
Kong Qing Zhu	Executives
Zhao Ting	Securities Affairs Representative

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