Shandong Ruifeng Chemical Co (SZSE:300243) ROCE % : 6.72% (As of Sep. 2024)

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What is Shandong Ruifeng Chemical 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. Shandong Ruifeng Chemical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.72%.

Shandong Ruifeng Chemical Co ROCE % Historical Data

The historical data trend for Shandong Ruifeng Chemical 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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Shandong Ruifeng Chemical Co ROCE % Chart

Shandong Ruifeng Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.74

15.32

12.35

7.15

7.78

Shandong Ruifeng Chemical 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															9.10	6.15	5.15	6.72	6.72

Shandong Ruifeng Chemical Co ROCE % Calculation

Shandong Ruifeng Chemical 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 )
	=	112.563	/	( ( (1941.503 - 622.779)	+	(2173.703 - 599.673) )	/ 2 )
	=	112.563	/	( (1318.724	+	1574.03)	/ 2 )
	=	112.563	/	1446.377
	=	7.78 %

Shandong Ruifeng Chemical 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 )
	=	109.228	/	( ( (2140.236 - 520.667)	+	(2345.358 - 713.099) )	/ 2 )
	=	109.228	/	( ( 1619.569	+	1632.259 )	/ 2 )
	=	109.228	/	1625.914
	=	6.72 %

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

Shandong Ruifeng Chemical Co (SZSE:300243) 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 Ruifeng Chemical Co ROCE % Related Terms

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Shandong Ruifeng Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Ruifeng Chemical Co Ltd (SZSE:300243) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yiyuan Economic Development Zone, Shandong, Zibo, CHN, 256100

Website

http://www.ruifengchemical.com

Shandong Ruifeng Chemical Co Ltd is engaged in the research, development, manufacture, and sales of PVC auxiliaries. The products of the company are acrylate impact modifier, impact modifier MBS resin, and ultra-high molecular weight PVC foaming regulator.

Executives

Tang Chuan Xun	Director
Song Zhi Gang	Directors, executives
Ding Feng	Supervisors
Shao Ze Heng	Director
Qi Yuan Yu	Supervisors
Xu Yue Ling	Executives
Zhao Zi Yang	Secretary Dong
Zhu Xi Hai	Securities Affairs Representative
Zhou Hai	Directors, executives
Liu Chun Xin	Executives
Zhang Rong Xing	Executives
Zhou Shi Bin	Director
Cai Cheng Yu	Directors, executives
Zhang Lin	Directors, Directors, and Executives
Sang Pei Zhou	Directors, executives

Shandong Ruifeng Chemical Co Headlines

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