Guangdong Songfa Ceramics Co (SHSE:603268) ROCE % : -19.88% (As of Mar. 2024)

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What is Guangdong Songfa Ceramics 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. Guangdong Songfa Ceramics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -19.88%.

Guangdong Songfa Ceramics Co ROCE % Historical Data

The historical data trend for Guangdong Songfa Ceramics 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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Guangdong Songfa Ceramics Co ROCE % Chart

Guangdong Songfa Ceramics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.18

5.27

-51.83

-47.11

-55.72

Guangdong Songfa Ceramics 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															-31.66	-23.22	-40.08	-127.66	-19.88

Guangdong Songfa Ceramics Co ROCE % Calculation

Guangdong Songfa Ceramics 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 )
	=	-99.225	/	( ( (650.781 - 405.252)	+	(565.481 - 454.851) )	/ 2 )
	=	-99.225	/	( (245.529	+	110.63)	/ 2 )
	=	-99.225	/	178.0795
	=	-55.72 %

Guangdong Songfa Ceramics 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 )
	=	-22.132	/	( ( (565.481 - 454.851)	+	(562.841 - 450.838) )	/ 2 )
	=	-22.132	/	( ( 110.63	+	112.003 )	/ 2 )
	=	-22.132	/	111.3165
	=	-19.88 %

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

Guangdong Songfa Ceramics Co (SHSE:603268) 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.

Guangdong Songfa Ceramics Co ROCE % Related Terms

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Guangdong Songfa Ceramics Co (SHSE:603268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Songfa Ceramics Co Ltd (SHSE:603268) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 20, Ruyi Road Industrial Park, Building C2-2, Fengxi District, Chaozhou, CHN, 521031

Website

http://www.songfa.com

Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produce household porcelain, custom porcelain and hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.

Executives

Lin Dao Fan	Director
Dong Wei	senior management
You Sha	Director
Chen Li Yuan	senior management
Zhang Rui Hao	senior management
Ceng Wen Guang	Director
Lin Qiu Lan	Director

Guangdong Songfa Ceramics Co (SHSE:603268) Headlines

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