Advanced Technology & Materials Co (SZSE:000969) ROCE %

: 4.00% (As of Sep. 2023)

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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. Advanced Technology & Materials Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.00%.

Advanced Technology & Materials Co ROCE % Historical Data

The historical data trend for Advanced Technology & Materials 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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Advanced Technology & Materials Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-3.57

5.15

4.01

5.02

4.80

Advanced Technology & Materials Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																3.48	2.36	6.12	6.98	4.00

Advanced Technology & Materials Co ROCE % Calculation

Advanced Technology & Materials Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	329.102	/	( ( (10229.165 - 3547.23)	+	(10899.603 - 3871.243) )	/ 2 )
	=	329.102	/	( (6681.935	+	7028.36)	/ 2 )
	=	329.102	/	6855.1475
	=	4.80 %

Advanced Technology & Materials Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	289.004	/	( ( (11061.562 - 3995.072)	+	(11339.623 - 3951.953) )	/ 2 )
	=	289.004	/	( ( 7066.49	+	7387.67 )	/ 2 )
	=	289.004	/	7227.08
	=	4.00 %

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

Advanced Technology & Materials Co (SZSE:000969) 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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Advanced Technology & Materials Co (SZSE:000969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Technology & Materials Co Ltd (SZSE:000969) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 76 Xueyuan South Road, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.atmcn.com

Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.

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