Guizhou Chitianhua Co (SHSE:600227) ROCE % : -3.25% (As of Mar. 2024)

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What is Guizhou Chitianhua 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. Guizhou Chitianhua Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.25%.

Guizhou Chitianhua Co ROCE % Historical Data

The historical data trend for Guizhou Chitianhua 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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Guizhou Chitianhua Co ROCE % Chart

Guizhou Chitianhua Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-39.36

2.69

-1.52

-10.58

-3.32

Guizhou Chitianhua 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															-4.40	-15.81	-10.10	17.02	-3.25

Guizhou Chitianhua Co ROCE % Calculation

Guizhou Chitianhua 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 )
	=	-106.725	/	( ( (4616.665 - 1380.283)	+	(4736.517 - 1535.866) )	/ 2 )
	=	-106.725	/	( (3236.382	+	3200.651)	/ 2 )
	=	-106.725	/	3218.5165
	=	-3.32 %

Guizhou Chitianhua 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 )
	=	-104.18	/	( ( (4736.517 - 1535.866)	+	(4784.365 - 1576.108) )	/ 2 )
	=	-104.18	/	( ( 3200.651	+	3208.257 )	/ 2 )
	=	-104.18	/	3204.454
	=	-3.25 %

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

Guizhou Chitianhua Co (SHSE:600227) 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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Guizhou Chitianhua Co (SHSE:600227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Guizhou Chitianhua Co Ltd (SHSE:600227) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 310 Xintian Avenue, Wudang District, Guizhou Province, Guiyang, CHN, 564707

Website

http://www.chth.com.cn

Guizhou Chitianhua Co Ltd, formerly Guizhou Salvage Pharmaceutical Co Ltd primarily produces and sells urea in China. It offers nitrogenous fertilizer, phosphate fertilizer, compound fertilizer, synthetic ammonia, sulfur, and other chemical products and raw materials; fine chemical products; industrial hydrogen; and packing bags and plastic sheets.

Executives

Sun De Sheng

Director

Guizhou Chitianhua Co (SHSE:600227) Headlines

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