Shenyang Xingqi Pharmaceutical Co (SZSE:300573) ROCE % : 34.02% (As of Sep. 2024)

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What is Shenyang Xingqi Pharmaceutical 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. Shenyang Xingqi Pharmaceutical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 34.02%.

Shenyang Xingqi Pharmaceutical Co ROCE % Historical Data

The historical data trend for Shenyang Xingqi Pharmaceutical 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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Shenyang Xingqi Pharmaceutical Co ROCE % Chart

Shenyang Xingqi Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.63

15.34

22.65

15.38

15.70

Shenyang Xingqi Pharmaceutical 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															26.51	14.66	9.46	37.89	34.02

Shenyang Xingqi Pharmaceutical Co ROCE % Calculation

Shenyang Xingqi Pharmaceutical 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 )
	=	266.431	/	( ( (1782.943 - 152.445)	+	(2023.845 - 260.119) )	/ 2 )
	=	266.431	/	( (1630.498	+	1763.726)	/ 2 )
	=	266.431	/	1697.112
	=	15.70 %

Shenyang Xingqi Pharmaceutical 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 )
	=	557.356	/	( ( (2082.705 - 508.161)	+	(2185.77 - 483.251) )	/ 2 )
	=	557.356	/	( ( 1574.544	+	1702.519 )	/ 2 )
	=	557.356	/	1638.5315
	=	34.02 %

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

Shenyang Xingqi Pharmaceutical Co (SZSE:300573) 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.

Shenyang Xingqi Pharmaceutical Co ROCE % Related Terms

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Shenyang Xingqi Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shenyang Xingqi Pharmaceutical Co Ltd (SZSE:300573) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Sishui Street, Dongling District, Liaoning Province, Shenyang, CHN, 110163

Website

http://www.sinqi.com

Shenyang Xingqi Pharmaceutical Co Ltd is a pharmaceutical company. It produces and sells opthalmic products. Its products include anti-bacterial products, corneal products, anti-inflammation products, anti-allergic, antifungal & among others.

Executives

Cheng Ya Nan	Directors, executives
Gao E	Directors, executives
Liu Ji Dong	Directors, executives
Yang Qiang	Director
Wang Shuo	Securities Affairs Representative
Zhang Shao Yao	Directors, Directors, and Executives

Shenyang Xingqi Pharmaceutical Co Headlines

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