Chenguang Biotech Group Co (SZSE:300138) ROCE % : -1.76% (As of Sep. 2024)

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What is Chenguang Biotech Group 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. Chenguang Biotech Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.76%.

Chenguang Biotech Group Co ROCE % Historical Data

The historical data trend for Chenguang Biotech Group 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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Chenguang Biotech Group Co ROCE % Chart

Chenguang Biotech Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.25

14.74

13.88

15.30

14.61

Chenguang Biotech Group 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															13.19	9.80	6.49	8.50	-1.76

Chenguang Biotech Group Co ROCE % Calculation

Chenguang Biotech Group 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 )
	=	639.326	/	( ( (6923.74 - 2757.239)	+	(8539.58 - 3952.022) )	/ 2 )
	=	639.326	/	( (4166.501	+	4587.558)	/ 2 )
	=	639.326	/	4377.0295
	=	14.61 %

Chenguang Biotech Group 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 )
	=	-84.212	/	( ( (8425.689 - 3495.511)	+	(7749.738 - 3118.705) )	/ 2 )
	=	-84.212	/	( ( 4930.178	+	4631.033 )	/ 2 )
	=	-84.212	/	4780.6055
	=	-1.76 %

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

Chenguang Biotech Group Co (SZSE:300138) 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.

Chenguang Biotech Group Co ROCE % Related Terms

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Chenguang Biotech Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chenguang Biotech Group Co Ltd (SZSE:300138) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1 Chenguang Road, Hebei Province, Quzhou, CHN, 057250

Website

http://www.cn-cg.com

Chenguang Biotech Group Co Ltd is engaged in the processing of agricultural products and herb extracts in China. Its products include natural colors, including paprika oleoresin, marigold oleoresin, curcumin, red rice red, red cabbage, and red beet; and natural spice extracts and essential oils, such as capsicum oleoresin, zanthoxylum oil and oleoresin, black pepper oil and oleoresin, ginger oil and oleoresin, turmeric oil, star anise oil and oleoresin, cumin oil and oleoresin, garlic oil and oleoresin, and common fennel oil and oleoresin.

Executives

Li Feng Fei	Executives
Zhou Jing	Directors, Directors, and Executives
Li Yue Zhai	Director
Lian Yun He	Executives
Chen Yun Xia	Executives
Zhao Tao	Supervisors
Yuan Xin Ying	Supervisors
Liu Zhang Lin	Independent director
Lu Qing Guo	Directors, executives
Zhou Fang Sheng	Independent director
Wang Shu Hong	Independent director
Liu Ying Shan	Director
Han Wen Jie	Executives
Liu Dong Ming	Supervisors
Yang Wen Fang	Supervisors

Chenguang Biotech Group Co Headlines

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