Sichuan Biokin Pharmaceutical Co (SHSE:688506) ROCE % : 722.31% (As of Mar. 2024)

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What is Sichuan Biokin Pharmaceutical 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. Sichuan Biokin Pharmaceutical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 722.31%.

Sichuan Biokin Pharmaceutical Co ROCE % Historical Data

The historical data trend for Sichuan Biokin Pharmaceutical 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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Sichuan Biokin Pharmaceutical Co ROCE % Chart

Sichuan Biokin Pharmaceutical Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.32

10.73

-19.25

-30.74

-91.58

Sichuan Biokin Pharmaceutical Co Quarterly Data
	Dec11	Dec12	Dec13	Dec14	Jun15	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-58.22	-64.91	-98.55	-187.31	722.31

Sichuan Biokin Pharmaceutical Co ROCE % Calculation

Sichuan Biokin Pharmaceutical 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 )
	=	-744.334	/	( ( (1991.433 - 737.205)	+	(1425.099 - 1053.833) )	/ 2 )
	=	-744.334	/	( (1254.228	+	371.266)	/ 2 )
	=	-744.334	/	812.747
	=	-91.58 %

Sichuan Biokin Pharmaceutical 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 )
	=	20321.344	/	( ( (1425.099 - 1053.833)	+	(6871.302 - 1615.84) )	/ 2 )
	=	20321.344	/	( ( 371.266	+	5255.462 )	/ 2 )
	=	20321.344	/	2813.364
	=	722.31 %

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

Sichuan Biokin Pharmaceutical Co (SHSE:688506) 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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Sichuan Biokin Pharmaceutical Co (SHSE:688506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sichuan Biokin Pharmaceutical Co Ltd (SHSE:688506) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 161, Baili Road, No. 1, Building 1, Cross-strait Science and Technology Industrial Park, Wenjiang District, Sichuan Province, Chengdu, CHN, 611130

Website

http://www.baili-pharm.com

Sichuan Biokin Pharmaceutical Co Ltd is a chemical drug and biological drug-based company that integrates drug research and development, production and marketing.

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