Shandong Head Group Co (SZSE:002810) ROCE % : 9.79% (As of Mar. 2024)

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What is Shandong Head 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. Shandong Head Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.79%.

Shandong Head Group Co ROCE % Historical Data

The historical data trend for Shandong Head 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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Shandong Head Group Co ROCE % Chart

Shandong Head Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.21

25.47

24.42

20.42

10.80

Shandong Head 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															14.74	16.55	14.10	0.20	9.79

Shandong Head Group Co ROCE % Calculation

Shandong Head 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 )
	=	281.862	/	( ( (3331.301 - 1034.898)	+	(3792.528 - 871.233) )	/ 2 )
	=	281.862	/	( (2296.403	+	2921.295)	/ 2 )
	=	281.862	/	2608.849
	=	10.80 %

Shandong Head 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 )
	=	290.216	/	( ( (3792.528 - 871.233)	+	(3849.934 - 845.079) )	/ 2 )
	=	290.216	/	( ( 2921.295	+	3004.855 )	/ 2 )
	=	290.216	/	2963.075
	=	9.79 %

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

Shandong Head Group Co (SZSE:002810) 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.

Shandong Head Group Co ROCE % Related Terms

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Shandong Head Group Co (SZSE:002810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Head Group Co Ltd (SZSE:002810) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999 Heda Road, Shandong Province, Zhoucun District, Zibo, CHN, 255300

Website

http://www.sdhead.com

Shandong Head Group Co Ltd is engaged in research and development, production and sales of water-soluble polymer compounds. Its products include cellulose ether series products, graphite chemical equipment, HPMC plant capsules, trimethyl orthoacetate, diacetone acrylamide. The company has two production divisions, the Cellulose Ether Division and the Graphite Equipment Division.

Executives

Bi Song Ling	Directors, Directors, and Executives
Qiu Jian Jun	Executives
Yang Bing Sheng	Executives
Bi Si Xin	Executives
Yang Bing Gang	Director
Tan Zai Ying	Directors, executives
Cui Ling	Executives
Hu Li Li	Securities Affairs Representative
Bi Xin De	Director
Bi Yu Zhuang	Supervisors

Shandong Head Group Co (SZSE:002810) Headlines

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