Shandong Chenming Paper Holdings (SZSE:200488) ROCE % : -8.69% (As of Sep. 2024)

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What is Shandong Chenming Paper Holdings 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 Chenming Paper Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.69%.

Shandong Chenming Paper Holdings ROCE % Historical Data

The historical data trend for Shandong Chenming Paper Holdings'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 Chenming Paper Holdings ROCE % Chart

Shandong Chenming Paper Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.48

12.76

13.84

6.67

0.63

Shandong Chenming Paper Holdings 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															2.90	0.26	5.32	5.34	-8.69

Shandong Chenming Paper Holdings ROCE % Calculation

Shandong Chenming Paper Holdings'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 )
	=	217.323	/	( ( (94140.186 - 57956.096)	+	(86941.26 - 54445.848) )	/ 2 )
	=	217.323	/	( (36184.09	+	32495.412)	/ 2 )
	=	217.323	/	34339.751
	=	0.63 %

Shandong Chenming Paper Holdings'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 )
	=	-2729.38	/	( ( (83433.499 - 52074.997)	+	(82791.903 - 51367.336) )	/ 2 )
	=	-2729.38	/	( ( 31358.502	+	31424.567 )	/ 2 )
	=	-2729.38	/	31391.5345
	=	-8.69 %

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

Shandong Chenming Paper Holdings (SZSE:200488) 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.

Shandong Chenming Paper Holdings ROCE % Related Terms

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Shandong Chenming Paper Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Chenming Paper Holdings Ltd (SZSE:200488) » Definitions » ROCE %

Traded in Other Exchanges

01812:Hong Kong SCD1:Germany 000488:China

Address

No. 2199 Nongsheng East Road, Shandong Province, Shouguang, CHN, 262705

Website

http://www.chenmingpaper.com

Shandong Chenming Paper Holdings Ltd is a paper-making company. The Company is engaged in the processing and sale of paper products, paper-making raw materials, machinery, and chemicals; generation and sale of electric power and thermal power; forestry, saplings growing, processing and sale of timber and construction materials; manufacturing, processing and sale of wood products; and hotel service, and equipment financial and operating leasing, investment properties and property service, etc. Maximum revenue is derived from the sale of its paper products. The company's segments are Machine-made paper, Financial services, Hotels and properties, and other segments. Geographically, it derives a majority of its revenue from Mainland China.

Executives

Xiao Peng	Secretary Dong
Wang Chun Fang	Directors, executives
Yin Tong Yuan	Directors, executives

Shandong Chenming Paper Holdings Headlines

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