Chengdu Shengbang Seals Co (SZSE:301233) ROCE % : 12.66% (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Chengdu Shengbang Seals 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. Chengdu Shengbang Seals Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.66%.

Chengdu Shengbang Seals Co ROCE % Historical Data

The historical data trend for Chengdu Shengbang Seals 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.

* Premium members only.

Chengdu Shengbang Seals Co ROCE % Chart

Chengdu Shengbang Seals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

16.13

30.47

20.74

8.09

8.19

Chengdu Shengbang Seals Co Quarterly Data
	Jun19	Dec19	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															9.59	8.68	9.69	12.55	12.66

Chengdu Shengbang Seals Co ROCE % Calculation

Chengdu Shengbang Seals 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 )
	=	72.631	/	( ( (973.172 - 98.849)	+	(1025.683 - 126.28) )	/ 2 )
	=	72.631	/	( (874.323	+	899.403)	/ 2 )
	=	72.631	/	886.863
	=	8.19 %

Chengdu Shengbang Seals 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 )
	=	114.896	/	( ( (982.751 - 88.201)	+	(1004.328 - 84.428) )	/ 2 )
	=	114.896	/	( ( 894.55	+	919.9 )	/ 2 )
	=	114.896	/	907.225
	=	12.66 %

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

Chengdu Shengbang Seals Co (SZSE:301233) 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.

Chengdu Shengbang Seals Co ROCE % Related Terms

Thank you for viewing the detailed overview of Chengdu Shengbang Seals Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chengdu Shengbang Seals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chengdu Shengbang Seals Co Ltd (SZSE:301233) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1388, Konggang 2nd Road, Southwest Airport Economic Development Zone, Shuangliu District, Sichuan Province, Chengdu, CHN, 610207

Website

http://www.chsbs.com

Chengdu Shengbang Seals Co Ltd is engaged in the research and development, production and sales of rubber polymer material products.

Executives

Fu Qiang	Directors, executives
Fan De Bo	Directors, executives
Huang Li	Directors, executives
Yu Quan Sheng	Supervisors
Hu Ji Lin	Supervisors
Lai Kai	Directors, executives
Lai Xi Long	Director

Chengdu Shengbang Seals Co Headlines

No Headlines