Zhejiang Qianjiang Biochemical Co (SHSE:600796) ROCE % : 4.27% (As of Mar. 2024)

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What is Zhejiang Qianjiang Biochemical 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. Zhejiang Qianjiang Biochemical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.27%.

Zhejiang Qianjiang Biochemical Co ROCE % Historical Data

The historical data trend for Zhejiang Qianjiang Biochemical 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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Zhejiang Qianjiang Biochemical Co ROCE % Chart

Zhejiang Qianjiang Biochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.66

8.00

6.68

6.61

6.27

Zhejiang Qianjiang Biochemical 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															4.92	5.82	7.44	6.87	4.27

Zhejiang Qianjiang Biochemical Co ROCE % Calculation

Zhejiang Qianjiang Biochemical 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 )
	=	317.954	/	( ( (6696.905 - 1482.211)	+	(6871.323 - 1946.956) )	/ 2 )
	=	317.954	/	( (5214.694	+	4924.367)	/ 2 )
	=	317.954	/	5069.5305
	=	6.27 %

Zhejiang Qianjiang Biochemical 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 )
	=	210.224	/	( ( (6871.323 - 1946.956)	+	(6658.87 - 1725.294) )	/ 2 )
	=	210.224	/	( ( 4924.367	+	4933.576 )	/ 2 )
	=	210.224	/	4928.9715
	=	4.27 %

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

Zhejiang Qianjiang Biochemical Co (SHSE:600796) 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.

Zhejiang Qianjiang Biochemical Co ROCE % Related Terms

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Zhejiang Qianjiang Biochemical Co (SHSE:600796) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Zhejiang Qianjiang Biochemical Co Ltd (SHSE:600796) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.178 Qianjiang West Road, Haizhou Street, Qianjiang Building, Zhejiang Province, Haining, CHN, 314400

Website

http://www.600796.com

Zhejiang Qianjiang Biochemical Co Ltd is primarily engaged in the production of bio-pesticides, bio-veterinary drugs, and biopharmaceuticals. The company's product profile includes gibberellic acid, abamectin, methylamino abamectin, validamycin, and other products.

Executives

Zhu Jin Shan	Director
Shen Jian Hao	senior management
Huang Yong You	senior management
Gao Yun Yue	Director
Zhu Yi Tong	Director
Zheng Wei Jian	Director
Hu Ming	Director
Si Wen	Supervisors
Song Jiang Lin	senior management
Zhu Bing Qi	Supervisors
Yu Qiang	Supervisors
Fan Ke Sen	Supervisors
Qiu Guo Yin	senior management
Xu Hai Ying	Supervisors
Gu Jian Zhong	Supervisors

Zhejiang Qianjiang Biochemical Co (SHSE:600796) Headlines

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