Anhui Wanbang Pharmaceutical Technology Co (SZSE:301520) ROCE % : 6.46% (As of Sep. 2024)

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What is Anhui Wanbang Pharmaceutical 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. Anhui Wanbang Pharmaceutical Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.46%.

Anhui Wanbang Pharmaceutical Technology Co ROCE % Historical Data

The historical data trend for Anhui Wanbang Pharmaceutical 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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Anhui Wanbang Pharmaceutical Technology Co ROCE % Chart

Anhui Wanbang Pharmaceutical Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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82.16

55.38

47.70

38.41

13.17

Anhui Wanbang Pharmaceutical Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											10.96	9.22	8.67	7.21	6.46

Anhui Wanbang Pharmaceutical Technology Co ROCE % Calculation

Anhui Wanbang Pharmaceutical 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 )
	=	119.645	/	( ( (404.6 - 65.242)	+	(1544.589 - 66.936) )	/ 2 )
	=	119.645	/	( (339.358	+	1477.653)	/ 2 )
	=	119.645	/	908.5055
	=	13.17 %

Anhui Wanbang Pharmaceutical Technology 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 )
	=	97.992	/	( ( (1571.145 - 67.511)	+	(1599.844 - 71.89) )	/ 2 )
	=	97.992	/	( ( 1503.634	+	1527.954 )	/ 2 )
	=	97.992	/	1515.794
	=	6.46 %

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

Anhui Wanbang Pharmaceutical Technology Co (SZSE:301520) 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.

Anhui Wanbang Pharmaceutical Technology Co ROCE % Related Terms

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Anhui Wanbang Pharmaceutical Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Anhui Wanbang Pharmaceutical Technology Co Ltd (SZSE:301520) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

southwest corner of the intersection of Mingzhu Avenue and Huolongdi Road, Building 1, Anhui Wanbang Pharmaceutical, High-tech Zone, Anhui, Hefei, CHN, 230000

Website

http://www.ahwbyy.cn

Anhui Wanbang Pharmaceutical Technology Co Ltd is a one-stop CRO service platform that engages in the entire process from pharmaceutical development to clinical research of innovative drugs, improved new drugs and generic drugs. It aims to provide drug research and development and clinical trials for drug launch, including pharmaceutical research, clinical services, biological sample analysis and testing, SMO services and data statistics and analysis.

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