Yingde Greatchem Chemicals Co (SZSE:300804) ROCE % : 6.75% (As of Mar. 2024)

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What is Yingde Greatchem Chemicals 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. Yingde Greatchem Chemicals Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.75%.

Yingde Greatchem Chemicals Co ROCE % Historical Data

The historical data trend for Yingde Greatchem Chemicals 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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Yingde Greatchem Chemicals Co ROCE % Chart

Yingde Greatchem Chemicals Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.85

21.45

24.36

17.51

3.75

Yingde Greatchem Chemicals Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											14.81	3.65	-1.84	2.58	6.75

Yingde Greatchem Chemicals Co ROCE % Calculation

Yingde Greatchem Chemicals 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 )
	=	38.369	/	( ( (935.766 - 232.323)	+	(1831.102 - 489.498) )	/ 2 )
	=	38.369	/	( (703.443	+	1341.604)	/ 2 )
	=	38.369	/	1022.5235
	=	3.75 %

Yingde Greatchem Chemicals 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 )
	=	91.156	/	( ( (1831.102 - 489.498)	+	(1841.801 - 482.222) )	/ 2 )
	=	91.156	/	( ( 1341.604	+	1359.579 )	/ 2 )
	=	91.156	/	1350.5915
	=	6.75 %

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

Yingde Greatchem Chemicals Co (SZSE:300804) 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.

Yingde Greatchem Chemicals Co ROCE % Related Terms

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Yingde Greatchem Chemicals Co (SZSE:300804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Yingde Greatchem Chemicals Co Ltd (SZSE:300804) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Agrochemical Industry Chain Dedicated Base, Hongfeng Management District, Shakou Town, Guangdong Province, Yingde, CHN, 513052

Website

https://www.greatchem.com.cn

Yingde Greatchem Chemicals Co Ltd is a designated enterprise for the production of agrochemicals in China who is mainly in charge the development, production and sales for the intermediates, technical grades and formulations of agrochemicals.

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