Wells Advanced Materials (Shanghai) Co (SZSE:301555) ROCE % : -0.87% (As of Sep. 2024)

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What is Wells Advanced Materials (Shanghai) 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. Wells Advanced Materials (Shanghai) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.87%.

Wells Advanced Materials (Shanghai) Co ROCE % Historical Data

The historical data trend for Wells Advanced Materials (Shanghai) 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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Wells Advanced Materials (Shanghai) Co ROCE % Chart

Wells Advanced Materials (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.05

14.49

16.10

15.64

9.08

Wells Advanced Materials (Shanghai) Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.64	7.61	-0.80	0.99	-0.87

Wells Advanced Materials (Shanghai) Co ROCE % Calculation

Wells Advanced Materials (Shanghai) 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 )
	=	77.687	/	( ( (1933.649 - 1327.162)	+	(2075.924 - 971.014) )	/ 2 )
	=	77.687	/	( (606.487	+	1104.91)	/ 2 )
	=	77.687	/	855.6985
	=	9.08 %

Wells Advanced Materials (Shanghai) 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 )
	=	-10.084	/	( ( (1864.543 - 717.52)	+	(2118.668 - 946.896) )	/ 2 )
	=	-10.084	/	( ( 1147.023	+	1171.772 )	/ 2 )
	=	-10.084	/	1159.3975
	=	-0.87 %

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

Wells Advanced Materials (Shanghai) Co (SZSE:301555) 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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Wells Advanced Materials (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wells Advanced Materials (Shanghai) Co Ltd (SZSE:301555) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 558 Boyuan Road, Building 2, Jiangqiao, Jiading, Shanghai, CHN, 201812

Website

https://www.wellsepoxy.com

Wells Advanced Materials (Shanghai) Co Ltd is engaged in research & development, production and sales of special formula-modified epoxy resin series products.

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