Shenzhen Fountain (SZSE:000005) ROCE % : -1.31% (As of Sep. 2023)

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What is Shenzhen Fountain 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. Shenzhen Fountain's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.31%.

Shenzhen Fountain ROCE % Historical Data

The historical data trend for Shenzhen Fountain'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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Shenzhen Fountain ROCE % Chart

Shenzhen Fountain Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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14.53

14.37

-22.95

13.83

-9.15

Shenzhen Fountain Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															1.50	-40.45	-0.52	0.34	-1.31

Shenzhen Fountain ROCE % Calculation

Shenzhen Fountain's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-153.182	/	( ( (2474.377 - 909.329)	+	(2602.19 - 818.726) )	/ 2 )
	=	-153.182	/	( (1565.048	+	1783.464)	/ 2 )
	=	-153.182	/	1674.256
	=	-9.15 %

Shenzhen Fountain's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-23.356	/	( ( (2563.586 - 779.405)	+	(2539.003 - 756.495) )	/ 2 )
	=	-23.356	/	( ( 1784.181	+	1782.508 )	/ 2 )
	=	-23.356	/	1783.3445
	=	-1.31 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Shenzhen Fountain (SZSE:000005) 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.

Shenzhen Fountain ROCE % Related Terms

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Shenzhen Fountain (SZSE:000005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Fountain Corp (SZSE:000005) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Renmin South Road, Development Center Building, 13F, Shenzhen, Guangdong, CHN, 518001

Website

http://www.fountain.com.cn

Shenzhen Fountain Corp is an innovative company in the energy and environmental sector and is mainly engaged in carbon transformation efforts along its main businesses, which include sustainable real estate development, alternative transportation concepts and waste to carbon technologies.

Executives

Chen Kun Bai	Director
Liu Min Er	Supervisors
Zheng Lie Lie	Directors, executives
Song Xiao Gang	Director
Ren Sheng Jian	Director
Yong Zheng Feng	Supervisors
Chen Rong Quan	Director

Shenzhen Fountain (SZSE:000005) Headlines

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