Yantai Zhenghai Magnetic Material Co (SZSE:300224) ROCE % : 8.19% (As of Mar. 2024)

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What is Yantai Zhenghai Magnetic Material 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. Yantai Zhenghai Magnetic Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.19%.

Yantai Zhenghai Magnetic Material Co ROCE % Historical Data

The historical data trend for Yantai Zhenghai Magnetic Material 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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Yantai Zhenghai Magnetic Material Co ROCE % Chart

Yantai Zhenghai Magnetic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.19

5.08

10.02

11.25

12.20

Yantai Zhenghai Magnetic Material 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															11.75	12.00	12.11	12.45	8.19

Yantai Zhenghai Magnetic Material Co ROCE % Calculation

Yantai Zhenghai Magnetic Material 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 )
	=	616.399	/	( ( (8881.671 - 4002.3)	+	(8377.621 - 3151.184) )	/ 2 )
	=	616.399	/	( (4879.371	+	5226.437)	/ 2 )
	=	616.399	/	5052.904
	=	12.20 %

Yantai Zhenghai Magnetic Material 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 )
	=	431.388	/	( ( (8377.621 - 3151.184)	+	(8472.728 - 3166.133) )	/ 2 )
	=	431.388	/	( ( 5226.437	+	5306.595 )	/ 2 )
	=	431.388	/	5266.516
	=	8.19 %

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

Yantai Zhenghai Magnetic Material Co (SZSE:300224) 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.

Yantai Zhenghai Magnetic Material Co ROCE % Related Terms

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Yantai Zhenghai Magnetic Material Co (SZSE:300224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yantai Zhenghai Magnetic Material Co Ltd (SZSE:300224) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No.22, Zhujiang Road, Yantai Economic and Technical Development Zone, Shandong, CHN, 264006

Website

http://www.zhmag.com

Yantai Zhenghai Magnetic Material Co Ltd is a China-based company engaged in the development, production, sale, and service of high-performance NdFeB permanent magnet materials. Its product is widely used in the fields of IT, automobile, petrochemical, mechanics, aerospace, mechanoelectronic and medical.

Executives

Song Kan	Directors, executives
Zhao Jun Tao	Directors, executives
Gao Bo	Executives
Peng Bu Zhuang	Executives
Wang Qing Kai	Director
Li Zhi Qiang	Directors, executives
Shi Bing Qiang	Executives
Wang Yu Lin	Executives
Wang Tao	Director
Sun Wei Nan	Securities Affairs Representative
Yu Zai Hai	Securities Affairs Representative
Mi Bo Hai	Director
Zhang Yi Ni	Director

Yantai Zhenghai Magnetic Material Co (SZSE:300224) Headlines

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