Changhua Chemical Technology Co (SZSE:301518) ROCE % : 6.93% (As of Mar. 2024)

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What is Changhua Chemical Technology 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. Changhua Chemical Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.93%.

Changhua Chemical Technology Co ROCE % Historical Data

The historical data trend for Changhua Chemical Technology 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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Changhua Chemical Technology Co ROCE % Chart

Changhua Chemical Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.37

30.68

32.55

23.39

13.68

Changhua Chemical Technology Co Quarterly Data
	Dec14	Dec15	Dec16	Jun17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														16.92	20.52	16.51	12.07	6.93

Changhua Chemical Technology Co ROCE % Calculation

Changhua Chemical Technology 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 )
	=	137.096	/	( ( (698.508 - 164.289)	+	(1728.733 - 259.346) )	/ 2 )
	=	137.096	/	( (534.219	+	1469.387)	/ 2 )
	=	137.096	/	1001.803
	=	13.68 %

Changhua Chemical Technology 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 )
	=	102.612	/	( ( (1728.733 - 259.346)	+	(1701.347 - 209.641) )	/ 2 )
	=	102.612	/	( ( 1469.387	+	1491.706 )	/ 2 )
	=	102.612	/	1480.5465
	=	6.93 %

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

Changhua Chemical Technology Co (SZSE:301518) 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.

Changhua Chemical Technology Co ROCE % Related Terms

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Changhua Chemical Technology Co (SZSE:301518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Changhua Chemical Technology Co Ltd (SZSE:301518) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 20, Beijing Road, Yangtze River International Chemical Industry Park, Jiangsu, Beijing, CHN, 215632

Website

http://www.chchem.com.cn

Changhua Chemical Technology Co Ltd is engaged in research & development, production and sales of polyether products. all kinds of polyether polyol and polymer polyol series products are widely used in home furnishing, automobile and other industries, and provide various polyurethane products and system solutions for downstream partners.

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