Anshan Hifichem Co (SZSE:300758) ROCE % : 5.57% (As of Mar. 2024)

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What is Anshan Hifichem 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. Anshan Hifichem Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.57%.

Anshan Hifichem Co ROCE % Historical Data

The historical data trend for Anshan Hifichem 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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Anshan Hifichem Co ROCE % Chart

Anshan Hifichem Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.13

16.82

14.21

1.24

1.85

Anshan Hifichem Co 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															-1.45	2.18	3.06	3.48	5.57

Anshan Hifichem Co ROCE % Calculation

Anshan Hifichem 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 )
	=	44.03	/	( ( (3009.554 - 659.353)	+	(3432.757 - 1031.817) )	/ 2 )
	=	44.03	/	( (2350.201	+	2400.94)	/ 2 )
	=	44.03	/	2375.5705
	=	1.85 %

Anshan Hifichem Co'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 )
	=	138.192	/	( ( (3432.757 - 1031.817)	+	(3475.592 - 916.198) )	/ 2 )
	=	138.192	/	( ( 2400.94	+	2559.394 )	/ 2 )
	=	138.192	/	2480.167
	=	5.57 %

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

Anshan Hifichem Co (SZSE:300758) 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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Anshan Hifichem Co (SZSE:300758) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anshan Hifichem Co Ltd (SZSE:300758) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, 1st Bao An Road, Tengjiao Economic Development Zone, Liaoning Province, Anshan, CHN, 114225

Website

http://www.hifichem.com

Anshan Hifichem Co Ltd is engaged in manufacturing, and sales of high performance organic pigments, dyestuff and intermediates. The company offer its products to ink, coating, and plastic industries.

Executives

Yu Xing Chun	Directors, executives
Zhang Zhi Qun	Director
Wang Su Kun	Supervisors
Liu Zhi Dong	Supervisors
Li Dong Bo	Supervisors
Sun Liang	Securities Affairs Representative
Qiao Zhi	Executives

Anshan Hifichem Co (SZSE:300758) Headlines

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