Anhui Sentai WPC Group Share Co (SZSE:301429) ROCE % : 6.65% (As of Mar. 2024)

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What is Anhui Sentai WPC Group Share 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. Anhui Sentai WPC Group Share Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.65%.

Anhui Sentai WPC Group Share Co ROCE % Historical Data

The historical data trend for Anhui Sentai WPC Group Share 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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Anhui Sentai WPC Group Share Co ROCE % Chart

Anhui Sentai WPC Group Share Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.15

37.32

24.24

16.36

4.85

Anhui Sentai WPC Group Share Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												12.48	4.40	2.17	3.17	6.65

Anhui Sentai WPC Group Share Co ROCE % Calculation

Anhui Sentai WPC Group Share 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 )
	=	47.661	/	( ( (736.156 - 140.373)	+	(1510.449 - 142.12) )	/ 2 )
	=	47.661	/	( (595.783	+	1368.329)	/ 2 )
	=	47.661	/	982.056
	=	4.85 %

Anhui Sentai WPC Group Share 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 )
	=	91.448	/	( ( (1510.449 - 142.12)	+	(1596.652 - 213.312) )	/ 2 )
	=	91.448	/	( ( 1368.329	+	1383.34 )	/ 2 )
	=	91.448	/	1375.8345
	=	6.65 %

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

Anhui Sentai WPC Group Share Co (SZSE:301429) 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.

Anhui Sentai WPC Group Share Co ROCE % Related Terms

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Anhui Sentai WPC Group Share Co (SZSE:301429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Anhui Sentai WPC Group Share Co Ltd (SZSE:301429) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Guohua Road, Guangde Economic Development Zone, Anhui Province, Xuancheng, CHN, 242200

Website

http://www.sentaiwpc.com

Anhui Sentai WPC Group Share Co Ltd is focused on the research and development and promotion of wood-plastic composite materials and their products. The company's products are mainly used in wood substitution, whole house assembly, prefabricated buildings, automotive interiors and other fields.

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