Shanghai M&G Stationery (SHSE:603899) ROCE % : 22.91% (As of Mar. 2024)

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What is Shanghai M&G Stationery 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. Shanghai M&G Stationery's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.91%.

Shanghai M&G Stationery ROCE % Historical Data

The historical data trend for Shanghai M&G Stationery'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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Shanghai M&G Stationery ROCE % Chart

Shanghai M&G Stationery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.92

29.59

29.90

23.18

24.46

Shanghai M&G Stationery 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															22.22	18.78	30.98	27.12	22.91

Shanghai M&G Stationery ROCE % Calculation

Shanghai M&G Stationery'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 )
	=	2004.469	/	( ( (13022.593 - 5413.671)	+	(15313.962 - 6534.213) )	/ 2 )
	=	2004.469	/	( (7608.922	+	8779.749)	/ 2 )
	=	2004.469	/	8194.3355
	=	24.46 %

Shanghai M&G Stationery'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 )
	=	2054.92	/	( ( (15313.962 - 6534.213)	+	(14476.455 - 5314.324) )	/ 2 )
	=	2054.92	/	( ( 8779.749	+	9162.131 )	/ 2 )
	=	2054.92	/	8970.94
	=	22.91 %

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

Shanghai M&G Stationery (SHSE:603899) 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.

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Shanghai M&G Stationery (SHSE:603899) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai M&G Stationery Inc (SHSE:603899) » Definitions » ROCE %

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Address

3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406

Website

https://www.mg-pen.com

Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

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