China National Building Material Co (China National Building Material Co) ROCE % : 6.26% (As of Dec. 2023)

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What is China National Building 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. China National Building Material Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.26%.

China National Building Material Co ROCE % Historical Data

The historical data trend for China National Building 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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China National Building Material Co ROCE % Chart

China National Building Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.59

15.52

15.59

8.11

5.96

China National Building Material Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															14.87	10.62	6.36	5.52	6.26

China National Building Material Co ROCE % Calculation

China National Building 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 )
	=	2586.281	/	( ( (70189.982 - 27132.28)	+	(68471.181 - 24760.553) )	/ 2 )
	=	2586.281	/	( (43057.702	+	43710.628)	/ 2 )
	=	2586.281	/	43384.165
	=	5.96 %

China National Building Material Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	2754.128	/	( ( (70323.498 - 26048.372)	+	(68471.181 - 24760.553) )	/ 2 )
	=	2754.128	/	( ( 44275.126	+	43710.628 )	/ 2 )
	=	2754.128	/	43992.877
	=	6.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China National Building Material Co (OTCPK:CBUMY) 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.

China National Building Material Co ROCE % Related Terms

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China National Building Material Co (China National Building Material Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China National Building Material Co Ltd (OTCPK:CBUMY) » Definitions » ROCE %

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Traded in Other Exchanges

CBUMF:USA 03323:Hong Kong D1Y:Germany

Address

No. 17 Fuxing Road, 21st Floor, Tower 2 (Building B), Guohai Plaza, Haidian District, Beijing, CHN, 100036

Website

http://www.cnbmltd.cn

China National Building Material Co Ltd a state-owned building material holding company. Its reportable segments are Cement segment which includes production and sale of cement, Concrete segment includes Production and sale of concrete, New Materials segment comprises of Production and sale of glass fiber, composite and lightweight building materials, and Engineering Services includes Provision of engineering services to glass and cement manufacturers and equipment procurement, and others segment comprises Merchandise trading business and others. The company operates in China, Europe, Middle East, Southeast Asia, Oceania, Africa, the Americas, and other countries, out of which the majority of the revenue comes from china.

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