Shanying International Holdings Co (SHSE:600567) ROCE % : 4.92% (As of Mar. 2024)

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What is Shanying International Holdings 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. Shanying International Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.92%.

Shanying International Holdings Co ROCE % Historical Data

The historical data trend for Shanying International Holdings 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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Shanying International Holdings Co ROCE % Chart

Shanying International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.16

10.46

9.00

-4.34

4.93

Shanying International Holdings 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															-0.89	5.27	7.20	7.33	4.92

Shanying International Holdings Co ROCE % Calculation

Shanying International Holdings 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 )
	=	1340.344	/	( ( (52517.295 - 24691.324)	+	(54739.587 - 28149.926) )	/ 2 )
	=	1340.344	/	( (27825.971	+	26589.661)	/ 2 )
	=	1340.344	/	27207.816
	=	4.93 %

Shanying International Holdings 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 )
	=	1303.144	/	( ( (54739.587 - 28149.926)	+	(55516.445 - 29117.112) )	/ 2 )
	=	1303.144	/	( ( 26589.661	+	26399.333 )	/ 2 )
	=	1303.144	/	26494.497
	=	4.92 %

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

Shanying International Holdings Co (SHSE:600567) 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.

Shanying International Holdings Co ROCE % Related Terms

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Shanying International Holdings Co (SHSE:600567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shanying International Holdings Co (SHSE:600567) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3 Qin Jian Road, Anhui, Ma'anshan, CHN, 243021

Website

http://www.shanyingpaper.com

Shanying International Holdings Co is a China-based company engaged in the manufacture and distribution of paper products. The company's main products consist of various packaging paper boards, newsprint paper, corrugated cardboard boxes, culture paper and other paper products, which are marketed under the brand name of Shanying.

Shanying International Holdings Co (SHSE:600567) Headlines

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