Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) ROCE % : -3.00% (As of Sep. 2024)

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What is Jiangsu Shuangxing Color Plastic New Materials 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 Shuangxing Color Plastic New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.00%.

Jiangsu Shuangxing Color Plastic New Materials Co ROCE % Historical Data

The historical data trend for Jiangsu Shuangxing Color Plastic New Materials 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 Shuangxing Color Plastic New Materials Co ROCE % Chart

Jiangsu Shuangxing Color Plastic New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.80

10.43

17.96

7.66

-2.03

Jiangsu Shuangxing Color Plastic New Materials 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															0.95	-10.19	-3.92	-3.97	-3.00

Jiangsu Shuangxing Color Plastic New Materials Co ROCE % Calculation

Jiangsu Shuangxing Color Plastic New Materials 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 )
	=	-200.297	/	( ( (12248.203 - 2088.231)	+	(13399.975 - 3861.901) )	/ 2 )
	=	-200.297	/	( (10159.972	+	9538.074)	/ 2 )
	=	-200.297	/	9849.023
	=	-2.03 %

Jiangsu Shuangxing Color Plastic New Materials 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 )
	=	-286.244	/	( ( (13003.513 - 3425.409)	+	(13361.512 - 3834.788) )	/ 2 )
	=	-286.244	/	( ( 9578.104	+	9526.724 )	/ 2 )
	=	-286.244	/	9552.414
	=	-3.00 %

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

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) 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.

Jiangsu Shuangxing Color Plastic New Materials Co ROCE % Related Terms

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Jiangsu Shuangxing Color Plastic New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jiangsu Shuangxing Color Plastic New Materials Co Ltd (SZSE:002585) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Jingtou Street, Suqian City, Jiangsu Province, CHN, 223808

Website

http://www.cpp.com.cn

Jiangsu Shuangxing Color Plastic New Materials Co Ltd is engaged in the development and production of plastic packaging materials in China. Its products include Metallized Film, Ployester Film, Hot Stamping Film, Transfer Film, Card Protection Film, Yarn Grade Film, Decorative Film, Laser Film, Thermal Sealable Film and Solar Film. The company distributes its products in domestic and to overseas markets.

Executives

Ding Yan Sen	Executives
Li Ping	Executives
Zou Xue Mei	Directors, executives
Wu Di	Directors, Directors, and Executives
Sun Hua Bin	Executives
Lu Jing Quan	Executives
Ge Lin	Executives
Pan Jian Zhong	Executives
Wu Pei Fu	Directors, executives
Cao Wei	Director
Lu Jing Chao	Executives

Jiangsu Shuangxing Color Plastic New Materials Co Headlines

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