Shenzhen Noposion Crop Science Co (SZSE:002215) ROCE % : 33.28% (As of Mar. 2024)

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What is Shenzhen Noposion Crop Science 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 Noposion Crop Science Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.28%.

Shenzhen Noposion Crop Science Co ROCE % Historical Data

The historical data trend for Shenzhen Noposion Crop Science 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 Noposion Crop Science Co ROCE % Chart

Shenzhen Noposion Crop Science Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.21

8.37

11.21

9.70

5.97

Shenzhen Noposion Crop Science 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															19.35	10.81	-4.11	-2.53	33.28

Shenzhen Noposion Crop Science Co ROCE % Calculation

Shenzhen Noposion Crop Science 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 )
	=	314.56	/	( ( (9793.523 - 4741.262)	+	(10867.932 - 5385.817) )	/ 2 )
	=	314.56	/	( (5052.261	+	5482.115)	/ 2 )
	=	314.56	/	5267.188
	=	5.97 %

Shenzhen Noposion Crop Science 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 )
	=	1898.652	/	( ( (10867.932 - 5385.817)	+	(11455.609 - 5527.121) )	/ 2 )
	=	1898.652	/	( ( 5482.115	+	5928.488 )	/ 2 )
	=	1898.652	/	5705.3015
	=	33.28 %

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

Shenzhen Noposion Crop Science Co (SZSE:002215) 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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Shenzhen Noposion Crop Science Co (SZSE:002215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Shenzhen Noposion Crop Science Co Ltd (SZSE:002215) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 113 Shuiku Road, Xixiang Town, Bao'an District, Guangdong, Shenzhen, CHN, 518102

Website

http://www.noposion.com

Shenzhen Noposion Crop Science Co Ltd, formerly Shenzhen Noposion Agrochemicals Co Ltd is engaged in the research and development, production, sales and agricultural technology services of agricultural biotech products. The company's major products include fungicides, insecticides, herbicides, plant nutrient products and additives, among others.

Executives

Yuan Qing Hong	Executives
Gao Huan Sen	Directors, executives
Li Guang Ze	Executives
Wang Shi Hao	Director
Lu Bai Qiang	Director
Cao Ming Zhang	Supervisors
Long Xiao Jun	Supervisors
Li Pu Chao	Supervisors
Chen Jun Wang	Director
Li Wan Wen	Supervisors
Gong Wen Jing	Securities Affairs Representative
Bi Xiang Qian	Director
He Qing Min	Executives
Liu Zhen Feng	Director
Gao Jun	Executives

Shenzhen Noposion Crop Science Co (SZSE:002215) Headlines

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