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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) ROCE % : 1.22% (As of Mar. 2024)


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What is Sinopec Shanghai Petrochemical 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. Sinopec Shanghai Petrochemical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.22%.

Sinopec Shanghai Petrochemical Co ROCE % Historical Data

The historical data trend for Sinopec Shanghai Petrochemical 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.

* Premium members only.

Sinopec Shanghai Petrochemical Co ROCE % Chart

Sinopec Shanghai Petrochemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.83 2.32 9.14 -11.40 -5.93

Sinopec Shanghai Petrochemical 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.37 -13.65 10.62 -17.66 1.22

Sinopec Shanghai Petrochemical Co ROCE % Calculation

Sinopec Shanghai Petrochemical 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 )
=-219.857/( ( (5915.743 - 2007.88) + (5554.22 - 2040.924) )/ 2 )
=-219.857/( (3907.863+3513.296)/ 2 )
=-219.857/3710.5795
=-5.93 %

Sinopec Shanghai Petrochemical 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 )
=42.772/( ( (5554.22 - 2040.924) + (5491.216 - 2002.29) )/ 2 )
=42.772/( ( 3513.296 + 3488.926 )/ 2 )
=42.772/3501.111
=1.22 %

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

* 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.

Sinopec Shanghai Petrochemical Co  (OTCPK:SHIIY) 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.

Sinopec Shanghai Petrochemical Co ROCE % Related Terms

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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shanghai Petrochemical Co Ltd (OTCPK:SHIIY) » Definitions » ROCE %
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SZSE:000096 SHSE:603906 SHSE:603003 SZSE:000159 SZSE:000554 SZSE:000407 SZSE:300839 SHSE:600387 SZSE:002778 NSE:RELIANCE MPC PSX VLO NSE:IOC TPE:6505 OHEL:NESTE XKAZ:KMGZ BOM:500547 TSE:5020 IST:TUPRS
Traded in Other Exchanges
SPTJF:USA 00338:Hong Kong SGJH:Germany SGJH:Germany 600688:China
Address
No. 48 Jinyi Road, Jinshan District, Shanghai, CHN, 200540
Website
http://www.sinopec.com
Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes Synthetic fibers; Resins and plastics; Intermediate petrochemicals; Petroleum products; Trading of petrochemical products and Others. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities.