FSPG Hi-Tech Co (SZSE:000973) ROCE % : 3.52% (As of Mar. 2024)

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What is FSPG Hi-Tech 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. FSPG Hi-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.52%.

FSPG Hi-Tech Co ROCE % Historical Data

The historical data trend for FSPG Hi-Tech 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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FSPG Hi-Tech Co ROCE % Chart

FSPG Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.51

5.10

6.25

6.42

7.25

FSPG Hi-Tech 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															3.62	5.33	17.02	2.88	3.52

FSPG Hi-Tech Co ROCE % Calculation

FSPG Hi-Tech 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 )
	=	276.121	/	( ( (4538.207 - 757.11)	+	(4589.243 - 754.418) )	/ 2 )
	=	276.121	/	( (3781.097	+	3834.825)	/ 2 )
	=	276.121	/	3807.961
	=	7.25 %

FSPG Hi-Tech 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 )
	=	135.268	/	( ( (4589.243 - 754.418)	+	(4569.716 - 709.953) )	/ 2 )
	=	135.268	/	( ( 3834.825	+	3859.763 )	/ 2 )
	=	135.268	/	3847.294
	=	3.52 %

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

FSPG Hi-Tech Co (SZSE:000973) 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.

FSPG Hi-Tech Co ROCE % Related Terms

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FSPG Hi-Tech Co (SZSE:000973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FSPG Hi-Tech Co Ltd (SZSE:000973) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

72 Fenjiang Zhong Road, Chancheng District, Foshan, CHN, 528000

Website

http://www.foshan-plastic.com

FSPG Hi-Tech Co Ltd is a China-based company primarily engaged in the research and development, production and sale of new energy, new materials, energy saving technologies and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing Material such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use. Geographically the operations are carried out through China.

Executives

Huang Bing Di	Directors, executives
Wang Lei	Executives
Wang Yu Hong	Supervisors
Xu Yong	Director
Li Man Li	Executives
Feng Zhao Zheng	Director
Tao Luo Cheng	Executives
Zhou Zhi Hui	Executives
Liu Ya Jun	Executives
Wu Yao Gen	Director
Luo Han Jun	Directors, executives
Lv Sen	Executives

FSPG Hi-Tech Co (SZSE:000973) Headlines

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