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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Anhui Jinyan Kaolin New Materials Co's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 5.31%.
As of today (2026-07-13), Anhui Jinyan Kaolin New Materials Co's WACC % is 6.40%. Anhui Jinyan Kaolin New Materials Co's ROC % is 6.21% (calculated using TTM income statement data).
Anhui Jinyan Kaolin New Materials Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Anhui Jinyan Kaolin New Materials Co (HKSE:02693) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Anhui Jinyan Kaolin New Materials Co's WACC % is 6.40%. Anhui Jinyan Kaolin New Materials Co's ROC % is 6.21% (calculated using TTM income statement data).
Anhui Jinyan Kaolin New Materials Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Anhui Jinyan Kaolin New Materials Co ROC % Related Terms
Anhui Jinyan Kaolin New Materials Co ROC % Historical Data
* 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.
Anhui Jinyan Kaolin New Materials Co ROC % Chart
Anhui Jinyan Kaolin New Materials Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
ROC %
5.49
8.30
8.14
6.20
Anhui Jinyan Kaolin New Materials Co Semi-Annual Data
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Anhui Jinyan Kaolin New Materials Co (HKSE:02693) has a ROC % of 5.31% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Anhui Jinyan Kaolin New Materials Co and its competitors.
Is Anhui Jinyan Kaolin New Materials Co's ROC % too high?
Anhui Jinyan Kaolin New Materials Co's current ROC % is 5.31%. Overall, Anhui Jinyan Kaolin New Materials Co has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Anhui Jinyan Kaolin New Materials Co's ROC % compare to competitors?
Anhui Jinyan Kaolin New Materials Co's ROC % of 5.31% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Metals & Mining company?
A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Anhui Jinyan Kaolin New Materials Co and its competitors. Anhui Jinyan Kaolin New Materials Co's current ROC % is 5.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anhui Jinyan Kaolin New Materials Co stock overvalued right now?
Anhui Jinyan Kaolin New Materials Co (HKSE:02693) has a current ROC % of 5.31%. The current ROC % is 5.31%. Anhui Jinyan Kaolin New Materials Co's overall GF Score™ is 18/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Anhui Jinyan Kaolin New Materials Co (HKSE:02693), the current ROC % is 5.31% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Anhui Jinyan Kaolin New Materials Co Business Description
Anhui Jinyan Kaolin New Materials Co Ltd specializes in coal-series kaolin in China, with integrated capabilities spanning the value chain from mining, R&D, processing to production and sales. Its products mainly include precision casting mullite products and refractory mullite products. The company also sells raw coke and raw powder to customers for further processing. The company has one reportable operating segment which is the mining and processing to production and sales of refined products. The company generates the majority of revenue from the sales of precision casting mullite products and refractory mullite products.
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