Sichuan Dowell Science and Technology (SZSE:300535) ROCE % : 3.66% (As of Mar. 2024)

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What is Sichuan Dowell Science and Technology 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. Sichuan Dowell Science and Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.66%.

Sichuan Dowell Science and Technology ROCE % Historical Data

The historical data trend for Sichuan Dowell Science and Technology'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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Sichuan Dowell Science and Technology ROCE % Chart

Sichuan Dowell Science and Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.85

7.07

8.23

-0.68

1.99

Sichuan Dowell Science and Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.80	5.78	8.25	-7.51	3.66

Sichuan Dowell Science and Technology ROCE % Calculation

Sichuan Dowell Science and Technology'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 )
	=	19.307	/	( ( (1291.646 - 351.941)	+	(1416.195 - 418.348) )	/ 2 )
	=	19.307	/	( (939.705	+	997.847)	/ 2 )
	=	19.307	/	968.776
	=	1.99 %

Sichuan Dowell Science and Technology's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	36.648	/	( ( (1416.195 - 418.348)	+	(1480.488 - 478.177) )	/ 2 )
	=	36.648	/	( ( 997.847	+	1002.311 )	/ 2 )
	=	36.648	/	1000.079
	=	3.66 %

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

Sichuan Dowell Science and Technology (SZSE:300535) 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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Sichuan Dowell Science and Technology (SZSE:300535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sichuan Dowell Science and Technology Inc (SZSE:300535) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 89, South Road, Xinyuan, Singapore Industrial Park, High-tech Zone, Sichuan, Chengdu, CHN

Website

http://www.dowellchem.cn

Sichuan Dowell Science and Technology Inc is a China based manufacturer and engaged in research and development, production and sale of chemicals. It offers products such as cleaning leather materials, leather functional additives, finishing materials, coating materials, and colorant.

Executives

Luo Mei	Executives
Li Hong	Directors, Directors, and Executives
Yan Jian Lin	Directors, executives
Xie Jing	Supervisors
Ceng Xiao Lin	Directors, executives

Sichuan Dowell Science and Technology (SZSE:300535) Headlines

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