Shaanxi Xinghua Chemistry Co (SZSE:002109) ROCE % : -4.54% (As of Mar. 2024)

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What is Shaanxi Xinghua Chemistry 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. Shaanxi Xinghua Chemistry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.54%.

Shaanxi Xinghua Chemistry Co ROCE % Historical Data

The historical data trend for Shaanxi Xinghua Chemistry 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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Shaanxi Xinghua Chemistry Co ROCE % Chart

Shaanxi Xinghua Chemistry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.16

6.81

15.12

6.06

-3.78

Shaanxi Xinghua Chemistry 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															-4.18	0.24	-2.20	-9.74	-4.54

Shaanxi Xinghua Chemistry Co ROCE % Calculation

Shaanxi Xinghua Chemistry 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 )
	=	-374.32	/	( ( (12011.197 - 1887.241)	+	(11547.25 - 1889.112) )	/ 2 )
	=	-374.32	/	( (10123.956	+	9658.138)	/ 2 )
	=	-374.32	/	9891.047
	=	-3.78 %

Shaanxi Xinghua Chemistry 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 )
	=	-438.72	/	( ( (11547.25 - 1889.112)	+	(11791.754 - 2120.497) )	/ 2 )
	=	-438.72	/	( ( 9658.138	+	9671.257 )	/ 2 )
	=	-438.72	/	9664.6975
	=	-4.54 %

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

Shaanxi Xinghua Chemistry Co (SZSE:002109) 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.

Shaanxi Xinghua Chemistry Co ROCE % Related Terms

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Shaanxi Xinghua Chemistry Co (SZSE:002109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shaanxi Xinghua Chemistry Co Ltd (SZSE:002109) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yingbin Avenue, Dongcheng District, Xingping City, Xianyang City, Shanxi, CHN, 713100

Website

http://www.snxhchem.com

Shaanxi Xinghua Chemistry Co Ltd is mainly engaged in the production and sales of ammonium nitrate series products in China. Its business activities include production, processing, wholesale and retail of synthetic ammonia, nitric acid, ammonium nitrate, porous ammonium nitrate, special gas, iron powder; carbonyl iron powder series products, absorbent materials, color lithography masks, and fine chemical products.

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