Bluestar Adisseo Co (SHSE:600299) ROCE % : 8.49% (As of Mar. 2024)

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What is Bluestar Adisseo 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. Bluestar Adisseo Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.49%.

Bluestar Adisseo Co ROCE % Historical Data

The historical data trend for Bluestar Adisseo 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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Bluestar Adisseo Co ROCE % Chart

Bluestar Adisseo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.30

11.26

12.17

9.20

0.91

Bluestar Adisseo Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.82	1.37	-1.25	2.74	8.49

Bluestar Adisseo Co ROCE % Calculation

Bluestar Adisseo 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 )
	=	162.039	/	( ( (21343.402 - 3808.429)	+	(21513.368 - 3575.328) )	/ 2 )
	=	162.039	/	( (17534.973	+	17938.04)	/ 2 )
	=	162.039	/	17736.5065
	=	0.91 %

Bluestar Adisseo 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 )
	=	1523.392	/	( ( (21513.368 - 3575.328)	+	(21521.508 - 3565.594) )	/ 2 )
	=	1523.392	/	( ( 17938.04	+	17955.914 )	/ 2 )
	=	1523.392	/	17946.977
	=	8.49 %

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

Bluestar Adisseo Co (SHSE:600299) 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.

Bluestar Adisseo Co ROCE % Related Terms

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Bluestar Adisseo Co (SHSE:600299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Bluestar Adisseo Co (SHSE:600299) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 9 Beitucheng West Road, Chaoyang District, Beijing, CHN, 100029

Website

http://www.bluestar-adisseo.com

Bluestar Adisseo Co is a China-based company engaged in the business of development, production, and sale of animal nutrition additives. Its products are Roddy US, Michael dimensional, ROVABIO, Hillier selenium, AdiSodium, and others. In addition, it also provides the customers with services such as Precision Nutrition Analysis service, Liquid Addition Solution, and E-lab service. The company's products are sold in China and other international countries.

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