Beijingnlian Hope Shin Gosen Technical Service Co (SZSE:300384) ROCE % : 14.79% (As of Sep. 2024)

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What is Beijingnlian Hope Shin Gosen Technical Service 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. Beijingnlian Hope Shin Gosen Technical Service Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.79%.

Beijingnlian Hope Shin Gosen Technical Service Co ROCE % Historical Data

The historical data trend for Beijingnlian Hope Shin Gosen Technical Service 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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Beijingnlian Hope Shin Gosen Technical Service Co ROCE % Chart

Beijingnlian Hope Shin Gosen Technical Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.08

9.32

9.66

12.10

13.94

Beijingnlian Hope Shin Gosen Technical Service 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															12.57	15.09	13.84	16.04	14.79

Beijingnlian Hope Shin Gosen Technical Service Co ROCE % Calculation

Beijingnlian Hope Shin Gosen Technical Service 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 )
	=	361.49	/	( ( (3674.327 - 1206.897)	+	(3912.981 - 1192.626) )	/ 2 )
	=	361.49	/	( (2467.43	+	2720.355)	/ 2 )
	=	361.49	/	2593.8925
	=	13.94 %

Beijingnlian Hope Shin Gosen Technical Service 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 )
	=	412.152	/	( ( (3715.077 - 983.34)	+	(3733.835 - 892.309) )	/ 2 )
	=	412.152	/	( ( 2731.737	+	2841.526 )	/ 2 )
	=	412.152	/	2786.6315
	=	14.79 %

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

Beijingnlian Hope Shin Gosen Technical Service Co (SZSE:300384) 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.

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Beijingnlian Hope Shin Gosen Technical Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Sanlian Hope Shin Gosen Technical Service Co Ltd (SZSE:300384) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 1, Beijing Qing Road 68, Haidian District, Beijing, CHN, 100094

Website

http://www.slhpcn.com

Beijing Sanlian Hope Shin Gosen Technical Service Co Ltd is a technical service engineering contractor in Polyamide industry. It offers polyamide polymerization and spinning technology services.

Executives

Liu Di	Directors, executives
Zhang Bi Hua	Securities Affairs Representative
Han Mei	Directors, Directors, and Executives
Yu Pei Lin	Supervisors
Zhang Jian Ren	Directors, executives
Wu Lei	Supervisors
Wu Qing Hua	Supervisors
Liu Xue Bin	Executives
Zhao Shao Qin	Supervisors

Beijingnlian Hope Shin Gosen Technical Service Co Headlines

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