China Petrochemical Development (TPE:1314) ROCE % : 1.48% (As of Mar. 2024)

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What is China Petrochemical Development 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. China Petrochemical Development's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.48%.

China Petrochemical Development ROCE % Historical Data

The historical data trend for China Petrochemical Development'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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China Petrochemical Development ROCE % Chart

China Petrochemical Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.36

0.35

3.99

1.02

0.11

China Petrochemical Development 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															-2.91	-2.24	-1.29	6.86	1.48

China Petrochemical Development ROCE % Calculation

China Petrochemical Development'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 )
	=	127.15	/	( ( (141122.929 - 25366.575)	+	(145705.475 - 30232.071) )	/ 2 )
	=	127.15	/	( (115756.354	+	115473.404)	/ 2 )
	=	127.15	/	115614.879
	=	0.11 %

China Petrochemical Development'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 )
	=	1714.092	/	( ( (145705.475 - 30232.071)	+	(146311.349 - 30377.808) )	/ 2 )
	=	1714.092	/	( ( 115473.404	+	115933.541 )	/ 2 )
	=	1714.092	/	115703.4725
	=	1.48 %

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

China Petrochemical Development (TPE:1314) 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.

China Petrochemical Development ROCE % Related Terms

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China Petrochemical Development (TPE:1314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Petrochemical Development Corp (TPE:1314) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Jingjian Road, Dashe District, Kaohsiung, TWN, 815

Website

https://www.cpdc.com.tw

China Petrochemical Development Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into two reportable segments based on product type: the caprolactam and acrylonitrile and nylon segments. The caprolactam segment, which generates the most revenue of the two segments, involves the sales of textiles, plastic automotive parts, packaging films, conveyor belts, ropes, and fishing lines. The acrylonitrile sell acrylic fibers, a plastic used for home appliance casings and tools, and water treatment products. The products of nylon pellets include fiber nylon pellets and engineering plastic nylon pellets.

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