Liaoning Chengda Biotechnology Co (SHSE:688739) ROCE % : 4.44% (As of Mar. 2024)

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What is Liaoning Chengda Biotechnology 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. Liaoning Chengda Biotechnology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.44%.

Liaoning Chengda Biotechnology Co ROCE % Historical Data

The historical data trend for Liaoning Chengda Biotechnology 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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Liaoning Chengda Biotechnology Co ROCE % Chart

Liaoning Chengda Biotechnology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.70

25.22

14.99

8.70

5.92

Liaoning Chengda Biotechnology 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															6.13	10.20	6.23	1.02	4.44

Liaoning Chengda Biotechnology Co ROCE % Calculation

Liaoning Chengda Biotechnology 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 )
	=	577.798	/	( ( (10055.751 - 272.986)	+	(10081.359 - 356.786) )	/ 2 )
	=	577.798	/	( (9782.765	+	9724.573)	/ 2 )
	=	577.798	/	9753.669
	=	5.92 %

Liaoning Chengda Biotechnology 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 )
	=	432.768	/	( ( (10081.359 - 356.786)	+	(10102.562 - 326.104) )	/ 2 )
	=	432.768	/	( ( 9724.573	+	9776.458 )	/ 2 )
	=	432.768	/	9750.5155
	=	4.44 %

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

Liaoning Chengda Biotechnology Co (SHSE:688739) 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.

Liaoning Chengda Biotechnology Co ROCE % Related Terms

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Liaoning Chengda Biotechnology Co (SHSE:688739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Liaoning Chengda Biotechnology Co Ltd (SHSE:688739) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xinfang Street, Hunnan New District, Liaoning Province, Shenyang, CHN, 110179

Website

http://www.cdbio.cn

Liaoning Chengda Biotechnology Co Ltd is engaged in the research and development, production and sales of human vaccines.

Executives

Li Ning	Director
Cui Jian Wei	senior management
Chen Xin	senior management
Zhang Shu Min	Director
Zhou Li Bao	senior management
Yuan De Ming	senior management
Gao Jun	Director
Yang Xu	Director

Liaoning Chengda Biotechnology Co (SHSE:688739) Headlines

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