Xinjiang Qingsong Building Materials and Chemicals (Group) Co (SHSE:600425) ROCE % : 0.06% (As of Mar. 2024)

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What is Xinjiang Qingsong Building Materials and Chemicals (Group) 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. Xinjiang Qingsong Building Materials and Chemicals (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.06%.

Xinjiang Qingsong Building Materials and Chemicals (Group) Co ROCE % Historical Data

The historical data trend for Xinjiang Qingsong Building Materials and Chemicals (Group) 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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Xinjiang Qingsong Building Materials and Chemicals (Group) Co ROCE % Chart

Xinjiang Qingsong Building Materials and Chemicals (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.75

9.07

9.09

9.76

9.60

Xinjiang Qingsong Building Materials and Chemicals (Group) 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															1.97	20.20	18.39	-2.79	0.06

Xinjiang Qingsong Building Materials and Chemicals (Group) Co ROCE % Calculation

Xinjiang Qingsong Building Materials and Chemicals (Group) 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 )
	=	630.039	/	( ( (8876.737 - 2990.013)	+	(9694.215 - 2451.336) )	/ 2 )
	=	630.039	/	( (5886.724	+	7242.879)	/ 2 )
	=	630.039	/	6564.8015
	=	9.60 %

Xinjiang Qingsong Building Materials and Chemicals (Group) 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 )
	=	4.588	/	( ( (9694.215 - 2451.336)	+	(9657.589 - 2371.756) )	/ 2 )
	=	4.588	/	( ( 7242.879	+	7285.833 )	/ 2 )
	=	4.588	/	7264.356
	=	0.06 %

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

Xinjiang Qingsong Building Materials and Chemicals (Group) Co (SHSE:600425) 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.

Xinjiang Qingsong Building Materials and Chemicals (Group) Co ROCE % Related Terms

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Xinjiang Qingsong Building Materials and Chemicals (Group) Co (SHSE:600425) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Xinjiang Qingsong Building Materials and Chemicals (Group) Co Ltd (SHSE:600425) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Linyuan, Akesu, Xinjiang, CHN, 843005

Website

http://www.xjqscc.com

Xinjiang Qingsong Building Materials and Chemicals (Group) Co Ltd produces building materials and chemical products in China. Its products include cement, cement products, refined oil, phosphate fertilizers, potassium sulfate, and barite powder compound fertilizers.

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