Chongqingnsheng Industrial Co (SZSE:002742) ROCE % : 60.27% (As of Sep. 2024)

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What is Chongqingnsheng Industrial 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. Chongqingnsheng Industrial Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 60.27%.

Chongqingnsheng Industrial Co ROCE % Historical Data

The historical data trend for Chongqingnsheng Industrial 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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Chongqingnsheng Industrial Co ROCE % Chart

Chongqingnsheng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.78

13.11

-9.62

-5.86

-18.72

Chongqingnsheng Industrial 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															16.52	-119.79	12.90	13.51	60.27

Chongqingnsheng Industrial Co ROCE % Calculation

Chongqingnsheng Industrial 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 )
	=	-166.607	/	( ( (4040.801 - 2924.703)	+	(3841.158 - 3177.189) )	/ 2 )
	=	-166.607	/	( (1116.098	+	663.969)	/ 2 )
	=	-166.607	/	890.0335
	=	-18.72 %

Chongqingnsheng Industrial 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 )
	=	315.036	/	( ( (3651.422 - 3059.375)	+	(3281.72 - 2828.35) )	/ 2 )
	=	315.036	/	( ( 592.047	+	453.37 )	/ 2 )
	=	315.036	/	522.7085
	=	60.27 %

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

Chongqingnsheng Industrial Co (SZSE:002742) 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.

Chongqingnsheng Industrial Co ROCE % Related Terms

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Chongqingnsheng Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chongqing Sansheng Industrial Co Ltd (SZSE:002742) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Sansheng Town Street, Beibei District, Chongqing, CHN, 400718

Website

http://www.cqssgf.com

Chongqing Sansheng Industrial Co Ltd is engaged in the concrete and chemical business. It covers the utilization of gypsum formed based on new environmentally friendly building materials and sulfuric acid, sulfur chemical research and development, production and sales. Its products include building materials and chemicals sector products: commercial concrete, water-reducing agents, expansion agents and sulfuric acid. The company's products are used in industrial and civil buildings, highways, railways, bridges, tunnels, airports, water conservancy, and hydropower; sulfuric acid is mainly used in the production of fertilizers and non-fertilizer acid using enterprises such as chemicals, light industry, textiles, steel and water reducers.

Executives

Pan Cheng Gong	Directors, executives
Hao Ting Yan	Director
Yang Zhi Yun	Executives
Pan Xian Wen	Director
Qian Jue Shi	Independent director
Zhang Zhi Qiang	Directors, executives
Li Wei	Executives
Fan Yu Jin	Executives
Yang Xing Zhi	Director
Pan Jing Kun	Director
Yang Min	Supervisors

Chongqingnsheng Industrial Co Headlines

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