Stanley Agricultural Group Co (SZSE:002588) ROCE % : 12.87% (As of Mar. 2024)

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What is Stanley Agricultural Group 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. Stanley Agricultural Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.87%.

Stanley Agricultural Group Co ROCE % Historical Data

The historical data trend for Stanley Agricultural Group 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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Stanley Agricultural Group Co ROCE % Chart

Stanley Agricultural Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.18

6.50

9.36

8.60

11.97

Stanley Agricultural Group 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															15.62	12.71	12.35	8.70	12.87

Stanley Agricultural Group Co ROCE % Calculation

Stanley Agricultural Group 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 )
	=	830.685	/	( ( (10340.513 - 4116.157)	+	(12782.482 - 5132.706) )	/ 2 )
	=	830.685	/	( (6224.356	+	7649.776)	/ 2 )
	=	830.685	/	6937.066
	=	11.97 %

Stanley Agricultural Group 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 )
	=	1019.264	/	( ( (12782.482 - 5132.706)	+	(12300.946 - 4112.233) )	/ 2 )
	=	1019.264	/	( ( 7649.776	+	8188.713 )	/ 2 )
	=	1019.264	/	7919.2445
	=	12.87 %

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

Stanley Agricultural Group Co (SZSE:002588) 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.

Stanley Agricultural Group Co ROCE % Related Terms

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Stanley Agricultural Group Co (SZSE:002588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Stanley Agricultural Group Co Ltd (SZSE:002588) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

East of Changlin Street, Linshu County, Linyi, CHN

Website

http://www.shidanli.cn

Stanley Agricultural Group Co Ltd is an agricultural service provider and international compound fertilizer standard specializing in compound fertilizer production and sales, grain storage and storage, agricultural information consultation, agricultural technology promotion, and agricultural trade. It produces various types of products that include Sanan, Pure sulfur, Fourth element, Water soluble fertilizer, Nitro fertilizer, and New product development.

Executives

Tang You Yun	Executives
Gao Wen Ban	Director
Mi Shou Hong	Supervisors
Gao Jin Hua	Directors, executives
Hu Zhao Shun	Directors, executives
Gu Rong Bin	Executives
Jing Pei Hua	Director
Zu Lin Hai	Executives
Feng Wei Guang	Executives
Zhang Lei	Executives
Wang Jing Ming	Executives
Gao Bin	Supervisors
Jing Hong Lei	Supervisors
Li Yan Yan	Supervisors
Wang Xu Qian	Supervisors

Stanley Agricultural Group Co (SZSE:002588) Headlines

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