Zhuzhou Times New Materials Technology Co (SHSE:600458) ROCE % : 4.62% (As of Dec. 2023)

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What is Zhuzhou Times New Materials Technology 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. Zhuzhou Times New Materials Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.62%.

Zhuzhou Times New Materials Technology Co ROCE % Historical Data

The historical data trend for Zhuzhou Times New Materials Technology 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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Zhuzhou Times New Materials Technology Co ROCE % Chart

Zhuzhou Times New Materials Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.07

6.35

4.39

4.20

5.22

Zhuzhou Times New Materials Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.26	6.17	5.44	4.49	4.62

Zhuzhou Times New Materials Technology Co ROCE % Calculation

Zhuzhou Times New Materials Technology 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 )
	=	469.353	/	( ( (17257.039 - 8354.962)	+	(18230.009 - 9147.76) )	/ 2 )
	=	469.353	/	( (8902.077	+	9082.249)	/ 2 )
	=	469.353	/	8992.163
	=	5.22 %

Zhuzhou Times New Materials Technology 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	416.58	/	( ( (19798.073 - 10836.953)	+	(18230.009 - 9147.76) )	/ 2 )
	=	416.58	/	( ( 8961.12	+	9082.249 )	/ 2 )
	=	416.58	/	9021.6845
	=	4.62 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Zhuzhou Times New Materials Technology Co (SHSE:600458) 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.

Zhuzhou Times New Materials Technology Co ROCE % Related Terms

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Zhuzhou Times New Materials Technology Co (SHSE:600458) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhuzhou Times New Materials Technology Co Ltd (SHSE:600458) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18 Haitian Road, Tianyuan District, Zhuzhou, Hunan, CHN, 412007

Website

http://www.trp.com.cn

Zhuzhou Times New Materials Technology Co Ltd is a China-based company mainly engaged in the research and development and engineering application of polymer materials such as vibration reduction, noise reduction, and lightweight. Its products are extended to rubber, plastics, composite materials and functional materials, mainly for rail transportation, automobiles, new energy and Special equipment and other fields.

Zhuzhou Times New Materials Technology Co (SHSE:600458) Headlines

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