Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) ROCE % : 6.96% (As of Mar. 2024)

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What is Chongqing Zhengchuan Pharmaceutical Packaging 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. Chongqing Zhengchuan Pharmaceutical Packaging Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.96%.

Chongqing Zhengchuan Pharmaceutical Packaging Co ROCE % Historical Data

The historical data trend for Chongqing Zhengchuan Pharmaceutical Packaging 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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Chongqing Zhengchuan Pharmaceutical Packaging Co ROCE % Chart

Chongqing Zhengchuan Pharmaceutical Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.88

5.90

10.57

4.88

4.03

Chongqing Zhengchuan Pharmaceutical Packaging 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															5.34	5.65	2.56	2.57	6.96

Chongqing Zhengchuan Pharmaceutical Packaging Co ROCE % Calculation

Chongqing Zhengchuan Pharmaceutical Packaging 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 )
	=	66.087	/	( ( (2007.671 - 389.664)	+	(2042.882 - 379.443) )	/ 2 )
	=	66.087	/	( (1618.007	+	1663.439)	/ 2 )
	=	66.087	/	1640.723
	=	4.03 %

Chongqing Zhengchuan Pharmaceutical Packaging 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 )
	=	116.624	/	( ( (2042.882 - 379.443)	+	(2060.517 - 372.358) )	/ 2 )
	=	116.624	/	( ( 1663.439	+	1688.159 )	/ 2 )
	=	116.624	/	1675.799
	=	6.96 %

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

Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) 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 Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Chongqing Zhengchuan Pharmaceutical Packaging Co Ltd (SHSE:603976) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Longfeng bridge Street, Zhengchuan glass industrial park, Beibei District, Chongqing, CHN, 400700

Website

http://www.cqzcjt.com

Chongqing Zhengchuan Pharmaceutical Packaging Co Ltd is a China-based company engages in the research, development, production, and sale of medicinal packaging materials such as medicinal glass tubes. It manufactures colorless and brown glass tubular injection bottles, oral liquid bottles, regulation glass tube screw mouth bottle, and ampoules.

Executives

Qin Feng	Director
Xiao Qing	Director
Sun Lian Yun	Director
Jiang Feng An	Director
Fan Yong	Director
Li Zheng De	Director
Deng Bu Jian	Director
Deng Yong	Director
Deng Bu Lin	Director

Chongqing Zhengchuan Pharmaceutical Packaging Co (SHSE:603976) Headlines

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