Shenzhen Batian Ecotypic Engineering Co (SZSE:002170) ROCE % : 12.45% (As of Mar. 2024)

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What is Shenzhen Batian Ecotypic Engineering 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. Shenzhen Batian Ecotypic Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.45%.

Shenzhen Batian Ecotypic Engineering Co ROCE % Historical Data

The historical data trend for Shenzhen Batian Ecotypic Engineering 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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Shenzhen Batian Ecotypic Engineering Co ROCE % Chart

Shenzhen Batian Ecotypic Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.35

5.60

5.05

6.13

13.25

Shenzhen Batian Ecotypic Engineering 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															14.81	8.60	15.14	14.31	12.45

Shenzhen Batian Ecotypic Engineering Co ROCE % Calculation

Shenzhen Batian Ecotypic Engineering 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 )
	=	363.141	/	( ( (4725.479 - 2091.308)	+	(5321.06 - 2474.563) )	/ 2 )
	=	363.141	/	( (2634.171	+	2846.497)	/ 2 )
	=	363.141	/	2740.334
	=	13.25 %

Shenzhen Batian Ecotypic Engineering 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 )
	=	359.512	/	( ( (5321.06 - 2474.563)	+	(5737.265 - 2809.17) )	/ 2 )
	=	359.512	/	( ( 2846.497	+	2928.095 )	/ 2 )
	=	359.512	/	2887.296
	=	12.45 %

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

Shenzhen Batian Ecotypic Engineering Co (SZSE:002170) 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.

Shenzhen Batian Ecotypic Engineering Co ROCE % Related Terms

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Shenzhen Batian Ecotypic Engineering Co (SZSE:002170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Shenzhen Batian Ecotypic Engineering Co Ltd (SZSE:002170) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Keyuan Road, Building 4, 6F, Nanshan Technology Park, Shenzhen, Guangdong, CHN, 518057

Website

http://www.batian.com.cn

Shenzhen Batian Ecotypic Engineering Co Ltd operates in the compound fertilizer industry. The company is mainly engaged in the production of green ecological compound fertilizer. Its main product consists of compound fertilizers, minerals water soluble fertilizers, and organic fertilizer products.

Executives

Wang Ke	Independent director
Huang Pei Zhao	Director
Yao Jun Xiong	Supervisors
Zhang Zhi Xin	Executives
Zhang Wan Hai	Executives
Lin Wei Sheng	Director
Zhang Zhong Cheng	Securities Affairs Representative
Li Su Liang	Class executives
Yang Yong Fan	Director
Cai Ru Cun	Executives
Wu Yi Hui	Executives
Huang Lin Hua	Executives
Huang Min Tong	Director
Zhong Hui Min	Supervisors

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