SANXIANG IMPRESSION CO (SZSE:000863) ROCE % : -4.09% (As of Mar. 2024)

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What is SANXIANG IMPRESSION 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. SANXIANG IMPRESSION CO's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.09%.

SANXIANG IMPRESSION CO ROCE % Historical Data

The historical data trend for SANXIANG IMPRESSION 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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SANXIANG IMPRESSION CO ROCE % Chart

SANXIANG IMPRESSION CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.18

5.42

4.03

2.88

-0.06

SANXIANG IMPRESSION 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															-6.40	-1.23	14.42	-6.92	-4.09

SANXIANG IMPRESSION CO ROCE % Calculation

SANXIANG IMPRESSION 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 )
	=	-2.6	/	( ( (6919.467 - 2209.039)	+	(7018.722 - 2706.308) )	/ 2 )
	=	-2.6	/	( (4710.428	+	4312.414)	/ 2 )
	=	-2.6	/	4511.421
	=	-0.06 %

SANXIANG IMPRESSION 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 )
	=	-175.352	/	( ( (7018.722 - 2706.308)	+	(6794.013 - 2526.477) )	/ 2 )
	=	-175.352	/	( ( 4312.414	+	4267.536 )	/ 2 )
	=	-175.352	/	4289.975
	=	-4.09 %

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

SANXIANG IMPRESSION CO (SZSE:000863) 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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SANXIANG IMPRESSION CO (SZSE:000863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SANXIANG IMPRESSION CO LTD (SZSE:000863) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Room 501, No. 333, Yixian Road, Yangpu District, Shanghai, CHN, 200434

Website

http://www.sanxiang-sh.com

SANXIANG IMPRESSION CO LTD is a real estate agency and property management company. It offers integrating construction, installation, building materials processing, decoration design, real estate agencies, advertising communication, and property management services. Its main projects are in Shanghai and Shenzhen.

Executives

Xu Wen Zhi	Director
Li Jian Guang	Director
Luo Xiao Xi	Directors, Directors, and Executives
Nie Lei	Executives
Huang Hui	Director
Zhang Tao	Executives
Xu Yu	Directors, executives
Zou Shi Hong	Securities Affairs Representative
Li Xiao Hong	Executives
Chen Jin Song	Director
Rui Yong Xiang	Director
Xiao Huan Tian	Executives
Zheng Yang	Director

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