AA Industrial Belting (Shanghai) Co (SHSE:603580) ROCE % : 0.32% (As of Mar. 2024)

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What is AA Industrial Belting (Shanghai) 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. AA Industrial Belting (Shanghai) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.32%.

AA Industrial Belting (Shanghai) Co ROCE % Historical Data

The historical data trend for AA Industrial Belting (Shanghai) 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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AA Industrial Belting (Shanghai) Co ROCE % Chart

AA Industrial Belting (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.95

8.00

8.04

-0.55

0.41

AA Industrial Belting (Shanghai) 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															-0.78	2.83	-0.39	-3.90	0.32

AA Industrial Belting (Shanghai) Co ROCE % Calculation

AA Industrial Belting (Shanghai) 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 )
	=	1.913	/	( ( (529.933 - 69.753)	+	(528.373 - 60.627) )	/ 2 )
	=	1.913	/	( (460.18	+	467.746)	/ 2 )
	=	1.913	/	463.963
	=	0.41 %

AA Industrial Belting (Shanghai) 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 )
	=	1.488	/	( ( (528.373 - 60.627)	+	(524.765 - 57.482) )	/ 2 )
	=	1.488	/	( ( 467.746	+	467.283 )	/ 2 )
	=	1.488	/	467.5145
	=	0.32 %

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

AA Industrial Belting (Shanghai) Co (SHSE:603580) 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.

AA Industrial Belting (Shanghai) Co ROCE % Related Terms

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AA Industrial Belting (Shanghai) Co (SHSE:603580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AA Industrial Belting (Shanghai) Co Ltd (SHSE:603580) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Xiangyin Road, Shanghai, CHN, 200433

Website

http://www.aabelt.com.cn

AA Industrial Belting (Shanghai) Co Ltd is specialized in the research and development of light conveyor belts. Its main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. Its product is widely used in food processing, airport logistics, textile printing, automotive and steel processing, tire, tobacco, and aluminum industry.

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