Guangdong Enpack Packaging Co (SZSE:002846) ROCE % : 2.56% (As of Sep. 2024)

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What is Guangdong Enpack Packaging 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. Guangdong Enpack Packaging Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.56%.

Guangdong Enpack Packaging Co ROCE % Historical Data

The historical data trend for Guangdong Enpack Packaging 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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Guangdong Enpack Packaging Co ROCE % Chart

Guangdong Enpack Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.14

9.26

4.14

-0.48

2.55

Guangdong Enpack Packaging 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															2.71	-0.24	2.52	2.57	2.56

Guangdong Enpack Packaging Co ROCE % Calculation

Guangdong Enpack Packaging 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 )
	=	39.5	/	( ( (2726.914 - 1428.865)	+	(3067.2 - 1268.104) )	/ 2 )
	=	39.5	/	( (1298.049	+	1799.096)	/ 2 )
	=	39.5	/	1548.5725
	=	2.55 %

Guangdong Enpack Packaging 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 )
	=	49.368	/	( ( (3355.089 - 1449.841)	+	(3401.807 - 1446.084) )	/ 2 )
	=	49.368	/	( ( 1905.248	+	1955.723 )	/ 2 )
	=	49.368	/	1930.4855
	=	2.56 %

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

Guangdong Enpack Packaging Co (SZSE:002846) 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.

Guangdong Enpack Packaging Co ROCE % Related Terms

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Guangdong Enpack Packaging Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Guangdong Enpack Packaging Co Ltd (SZSE:002846) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ENPACK Industrial Park, Da’nan Road, Haojiang District, Guangdong Province, Shantou, CHN, 515000

Website

http://www.enpackcorp.com

Guangdong Enpack Packaging Co Ltd is a fast-moving consumer goods metal packaging provider. The company specializes in the development, production, and sales of easy to open products in metal packaging. Canned food easy open end, dried food easy open end, beverage easy open end, and daily chemicals easy open end, are the product categories offered by the company. The products of the entity are sold in China and are also exported to various other countries.

Executives

Weng Wei Wu	Director
Zheng Tao	Executives
Huang Yong Song	Executives
Xia Hong Ming	Directors, Directors, and Executives
Cai Tong	Securities Affairs Representative
Lin Xi Wu	Supervisors
Guo Gui Qiang	Executives
Qiu Pei Qiao	Supervisors

Guangdong Enpack Packaging Co Headlines

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