Chongqing Polycomp International (SZSE:301526) ROCE % : 0.49% (As of Mar. 2024)

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What is Chongqing Polycomp International 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. Chongqing Polycomp International's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.49%.

Chongqing Polycomp International ROCE % Historical Data

The historical data trend for Chongqing Polycomp International'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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Chongqing Polycomp International ROCE % Chart

Chongqing Polycomp International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.72

16.10

21.64

17.93

7.63

Chongqing Polycomp International Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									5.73	8.80	6.53	6.35	0.49

Chongqing Polycomp International ROCE % Calculation

Chongqing Polycomp International'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 )
	=	980.34	/	( ( (19898.626 - 8731.727)	+	(23030.098 - 8508.869) )	/ 2 )
	=	980.34	/	( (11166.899	+	14521.229)	/ 2 )
	=	980.34	/	12844.064
	=	7.63 %

Chongqing Polycomp International'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 )
	=	71.088	/	( ( (23030.098 - 8508.869)	+	(22902.993 - 8602.515) )	/ 2 )
	=	71.088	/	( ( 14521.229	+	14300.478 )	/ 2 )
	=	71.088	/	14410.8535
	=	0.49 %

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

Chongqing Polycomp International (SZSE:301526) 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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Chongqing Polycomp International (SZSE:301526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area B, Jianqiao Industrial Park, Dadukou, Chongqing, CHN, 400082

Website

https://www.cpicfiber.com

Chongqing Polycomp International Corp is engaged in research & development, production and sales of glass fiber and its products.

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