Shanghai Qifan Cable Co (SHSE:605222) ROCE % : 11.00% (As of Mar. 2024)

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What is Shanghai Qifan Cable 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. Shanghai Qifan Cable Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.00%.

Shanghai Qifan Cable Co ROCE % Historical Data

The historical data trend for Shanghai Qifan Cable 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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Shanghai Qifan Cable Co ROCE % Chart

Shanghai Qifan Cable Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.91

27.04

27.46

13.61

13.79

Shanghai Qifan Cable 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															18.01	14.55	15.08	7.27	11.00

Shanghai Qifan Cable Co ROCE % Calculation

Shanghai Qifan Cable 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 )
	=	783.457	/	( ( (12256.232 - 6807.234)	+	(13547.591 - 7631.079) )	/ 2 )
	=	783.457	/	( (5448.998	+	5916.512)	/ 2 )
	=	783.457	/	5682.755
	=	13.79 %

Shanghai Qifan Cable 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 )
	=	658.888	/	( ( (13547.591 - 7631.079)	+	(13527.032 - 7463.816) )	/ 2 )
	=	658.888	/	( ( 5916.512	+	6063.216 )	/ 2 )
	=	658.888	/	5989.864
	=	11.00 %

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

Shanghai Qifan Cable Co (SHSE:605222) 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.

Shanghai Qifan Cable Co ROCE % Related Terms

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Shanghai Qifan Cable Co (SHSE:605222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Qifan Cable Co Ltd (SHSE:605222) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 238 Zhenkang Road, Zhangyan Town, Jinshan District, Shanghai, CHN, 201514

Website

http://www.qifancable.com

Shanghai Qifan Cable Co Ltd is engaged in wire and cable production, sales and service. The company's products cover low voltage power cable, medium voltage power cable, extra high voltage power cable, control cable, instrumentation cable, building wire, flexible rubber cable, fire rated cable, renewable cable, industrial cable, Lan cable, coaxial cable. Its products are categorized into Building Wire, Building Wire, Power Distribution, Fire Resistant Cable, Renewable Energy, Mining, Oil and Gas, and Data Communication.

Executives

Zhou Gui Xing	Director
Zhou Kai Min	Supervisors
Chen Zhi Yuan	senior management
Li Su Guo	senior management
Han Bao Zhong	Director
Chen Yong Da	Directors, senior managers
Guan Zi Fang	Directors, senior managers
Zhang Shang Yi	senior management
Zhou Xian Lai	senior management

Shanghai Qifan Cable Co (SHSE:605222) Headlines

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