Beijing Shengtong Printing Co (SZSE:002599) ROCE % : -2.53% (As of Mar. 2024)

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What is Beijing Shengtong Printing 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. Beijing Shengtong Printing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.53%.

Beijing Shengtong Printing Co ROCE % Historical Data

The historical data trend for Beijing Shengtong Printing 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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Beijing Shengtong Printing Co ROCE % Chart

Beijing Shengtong Printing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.99

-20.12

7.28

1.75

0.76

Beijing Shengtong Printing 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															-6.18	-1.83	3.66	7.51	-2.53

Beijing Shengtong Printing Co ROCE % Calculation

Beijing Shengtong Printing 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 )
	=	11.927	/	( ( (2721.352 - 1149.89)	+	(2579.523 - 1029.716) )	/ 2 )
	=	11.927	/	( (1571.462	+	1549.807)	/ 2 )
	=	11.927	/	1560.6345
	=	0.76 %

Beijing Shengtong Printing 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 )
	=	-38.896	/	( ( (2579.523 - 1029.716)	+	(2588.701 - 1069.688) )	/ 2 )
	=	-38.896	/	( ( 1549.807	+	1519.013 )	/ 2 )
	=	-38.896	/	1534.41
	=	-2.53 %

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

Beijing Shengtong Printing Co (SZSE:002599) 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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Beijing Shengtong Printing Co (SZSE:002599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Beijing Shengtong Printing Co Ltd (SZSE:002599) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Jinghai 3rd Road, Beijing Economic and Technological Development Zone, Beijing, CHN, 100176

Website

http://www.shengtongprint.com

Beijing Shengtong Printing Co Ltd is a Chinese company that provides full-color magazines, high-volume business propaganda materials, color printing and comprehensive printing services.

Executives

Li Yan Qiu	Directors, executives
Tang Wu	Director
Cai Jian Jun	Director
Tang Zheng Jun	Directors, executives
Hou Jing Gang	Directors, executives
Jia Chun Lin	Director
Li Qing Qi	Director
Xiao Wei	Secretary Dong
Jia Xi	Executives
Liang Ling Ling	Director
Yin Qing Yun	Supervisors

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