Shandong Sunpaper Co (SZSE:002078) ROCE % : 15.08% (As of Dec. 2023)

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What is Shandong Sunpaper 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. Shandong Sunpaper Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.08%.

Shandong Sunpaper Co ROCE % Historical Data

The historical data trend for Shandong Sunpaper 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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Shandong Sunpaper Co ROCE % Chart

Shandong Sunpaper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.75

14.69

17.06

13.73

12.41

Shandong Sunpaper Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.50	10.07	11.39	13.68	15.08

Shandong Sunpaper Co ROCE % Calculation

Shandong Sunpaper 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 )
	=	3986.661	/	( ( (48021.865 - 17447.987)	+	(50550.753 - 16879.09) )	/ 2 )
	=	3986.661	/	( (30573.878	+	33671.663)	/ 2 )
	=	3986.661	/	32122.7705
	=	12.41 %

Shandong Sunpaper Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4984.884	/	( ( (51096.856 - 18654.085)	+	(50550.753 - 16879.09) )	/ 2 )
	=	4984.884	/	( ( 32442.771	+	33671.663 )	/ 2 )
	=	4984.884	/	33057.217
	=	15.08 %

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

Shandong Sunpaper Co (SZSE:002078) 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.

Shandong Sunpaper Co ROCE % Related Terms

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Shandong Sunpaper Co (SZSE:002078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Sunpaper Co Ltd (SZSE:002078) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Youyi Road, Shandong Province, Yanzhou District, Jining, CHN, 272100

Website

http://www.sunpapergroup.com

Shandong Sunpaper Co Ltd is a China-based paper making company. It manufactures and distributes paper products. The company's product lines includes premium coated packaging paperboard, high-class art paper, high-class cultural and office paper, specialty fiber dissolving pulp, household paper, and industrial paper. Its main brands include Golden Sun, Huaxia Sun, Brilliant Sun, Weier, Lecopy, Koolprint, Sun Elements, Suyappy, International Radiance, International Sun and International Union. The company has a presence in Laos and the United States of America.

Shandong Sunpaper Co (SZSE:002078) Headlines

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