ABA Chemicals (SZSE:300261) ROCE % : -5.87% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is ABA Chemicals 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. ABA Chemicals's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.87%.

ABA Chemicals ROCE % Historical Data

The historical data trend for ABA Chemicals'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.

* Premium members only.

ABA Chemicals ROCE % Chart

ABA Chemicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.88

9.61

10.21

10.41

-1.98

ABA Chemicals 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															9.67	9.36	-2.25	-25.19	-5.87

ABA Chemicals ROCE % Calculation

ABA Chemicals'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 )
	=	-54.251	/	( ( (4013.665 - 1187.852)	+	(4145.223 - 1485.302) )	/ 2 )
	=	-54.251	/	( (2825.813	+	2659.921)	/ 2 )
	=	-54.251	/	2742.867
	=	-1.98 %

ABA Chemicals'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 )
	=	-156.668	/	( ( (4145.223 - 1485.302)	+	(4192.018 - 1517.329) )	/ 2 )
	=	-156.668	/	( ( 2659.921	+	2674.689 )	/ 2 )
	=	-156.668	/	2667.305
	=	-5.87 %

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

ABA Chemicals (SZSE:300261) 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.

ABA Chemicals ROCE % Related Terms

Thank you for viewing the detailed overview of ABA Chemicals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

ABA Chemicals (SZSE:300261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ABA Chemicals Corp (SZSE:300261) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18 Dongfang East Road, Port Development Zone, Taicang Port, Petrochemical District, Jiangsu Province, Shanghai, CHN, 215433

Website

http://www.abachem.com

ABA Chemicals Corp is a Chinese company integrating research and development, production and sales in the field of life sciences. It is principally engaged in the production of advanced intermediates, active pharmaceutical ingredients (APIs), and pesticide products. Some of the products offered by the company are Acridine, Snail, Fluorourea, Pentanoyl chloride, Fondaparinux, and Levetiracetam.

ABA Chemicals (SZSE:300261) Headlines

No Headlines