Shandong Polymer Biochemicals Co (SZSE:002476) ROCE % : 8.08% (As of Sep. 2024)

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What is Shandong Polymer Biochemicals 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. Shandong Polymer Biochemicals Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.08%.

Shandong Polymer Biochemicals Co ROCE % Historical Data

The historical data trend for Shandong Polymer Biochemicals 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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Shandong Polymer Biochemicals Co ROCE % Chart

Shandong Polymer Biochemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.34

3.11

2.58

3.68

1.29

Shandong Polymer Biochemicals 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															1.72	3.88	3.58	0.01	8.08

Shandong Polymer Biochemicals Co ROCE % Calculation

Shandong Polymer Biochemicals 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 )
	=	11.274	/	( ( (1040.314 - 169.086)	+	(964.151 - 85.845) )	/ 2 )
	=	11.274	/	( (871.228	+	878.306)	/ 2 )
	=	11.274	/	874.767
	=	1.29 %

Shandong Polymer Biochemicals 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 )
	=	71.724	/	( ( (959.829 - 80.517)	+	(994.039 - 98.795) )	/ 2 )
	=	71.724	/	( ( 879.312	+	895.244 )	/ 2 )
	=	71.724	/	887.278
	=	8.08 %

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

Shandong Polymer Biochemicals Co (SZSE:002476) 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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Shandong Polymer Biochemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Polymer Biochemicals Co Ltd (SZSE:002476) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.416,Xisi Road Dongying, Dongying, Shandong, CHN, 257081

Website

http://www.slcapam.com

Shandong Polymer Biochemicals Co Ltd produces and sells oilfield chemicals world-wide. Its business covers oilfield chemicals production, oil and gas engineering technology services, oil and gas development and environmental water treatment. The company's product includes Non-ionic polyacrylamide; Flocculating agent for aluminum oxide; Polyacrylamide for displacement of reservoir oil; Anionic polyacrylamide and Cationic polyacrylamide.

Executives

Xiong Rui Xin	Director
Gu Qiao Ting	Supervisors
Qu Lei	Directors, executives, securities affairs represen
Liu Shi Ya	Supervisors
Wang Hui Chen	Director
Zhou Wei Dong	Executives
Ren Jian Jun	Executives
Wang Feng	Executives
Liu Hao	Executives
Zhang Dong Shi	Supervisors
Xu Su Xian	Independent director
Du Chun Li	Supervisors

Shandong Polymer Biochemicals Co Headlines

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