Yuanli Chemical Group Co (SHSE:603217) ROCE % : 8.01% (As of Mar. 2024)

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What is Yuanli Chemical 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. Yuanli Chemical Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.01%.

Yuanli Chemical Group Co ROCE % Historical Data

The historical data trend for Yuanli Chemical 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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Yuanli Chemical Group Co ROCE % Chart

Yuanli Chemical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.94

8.32

17.30

19.06

9.62

Yuanli Chemical 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															9.84	9.23	8.57	11.05	8.01

Yuanli Chemical Group Co ROCE % Calculation

Yuanli Chemical 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 )
	=	300.76	/	( ( (3550.043 - 511.831)	+	(3732.675 - 521.091) )	/ 2 )
	=	300.76	/	( (3038.212	+	3211.584)	/ 2 )
	=	300.76	/	3124.898
	=	9.62 %

Yuanli Chemical 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 )
	=	258.224	/	( ( (3732.675 - 521.091)	+	(3870.403 - 632.818) )	/ 2 )
	=	258.224	/	( ( 3211.584	+	3237.585 )	/ 2 )
	=	258.224	/	3224.5845
	=	8.01 %

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

Yuanli Chemical Group Co (SHSE:603217) 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.

Yuanli Chemical Group Co ROCE % Related Terms

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Yuanli Chemical Group Co (SHSE:603217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yuanli Chemical Group Co Ltd (SHSE:603217) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Zhuliu Street Industrial Park, 355 km from National Highway 309, Changle County, Shandong Province, Weifang, CHN, 262404

Website

http://www.yuanlichem.com.cn

Yuanli Chemical Group Co Ltd formerly, Shandong Yuanli Science and Technology Co Ltd is a high-tech enterprise specializing in research and development, production and operation of fine chemicals. It serves various industries namely coatings and casting binders, inks, pigments, UV-curing materials, polyurethanes, wire and cable, leather products, PVC conveyor belts, optical glasses resins, personal care, pharmaceutical and others. The company offers green solvents, dibasic alcohol, plasticizers, and coalescing agents.

Executives

Li Yi Tian	Director
Huang Wei Jun	Director
Qin Guo Dong	Director
Zhang Jian Mei	Director
Liu Yu Jiang	Director
Feng Guo Liang	Director
Wang Jun Yu	Director

Yuanli Chemical Group Co (SHSE:603217) Headlines

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