Monte Bianco Diamond Applications Co (BJSE:836807) ROCE % : 3.06% (As of Sep. 2024)

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What is Monte Bianco Diamond Applications 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. Monte Bianco Diamond Applications Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.06%.

Monte Bianco Diamond Applications Co ROCE % Historical Data

The historical data trend for Monte Bianco Diamond Applications 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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Monte Bianco Diamond Applications Co ROCE % Chart

Monte Bianco Diamond Applications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.13

14.94

17.90

8.26

4.52

Monte Bianco Diamond Applications Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.72	1.02	4.81	4.38	3.06

Monte Bianco Diamond Applications Co ROCE % Calculation

Monte Bianco Diamond Applications 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 )
	=	44.287	/	( ( (1278.018 - 280.237)	+	(1272.868 - 312.227) )	/ 2 )
	=	44.287	/	( (997.781	+	960.641)	/ 2 )
	=	44.287	/	979.211
	=	4.52 %

Monte Bianco Diamond Applications Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	30.212	/	( ( (1312.759 - 337.098)	+	(1343.576 - 344.976) )	/ 2 )
	=	30.212	/	( ( 975.661	+	998.6 )	/ 2 )
	=	30.212	/	987.1305
	=	3.06 %

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

Monte Bianco Diamond Applications Co (BJSE:836807) 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.

Monte Bianco Diamond Applications Co ROCE % Related Terms

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Monte Bianco Diamond Applications Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Monte Bianco Diamond Applications Co Ltd (BJSE:836807) » Definitions » ROCE %

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Address

No. 7, Xingye 8th Road, Guanglong Industrial Park, Chencun Town, Shunde District, Guangdong Province, Foshan City, CHN, 528313

Website

http://www.monte-bianco.com

Monte Bianco Diamond Applications Co Ltd focuses on the research, development, production, and sales of superhard material products. The company's products include diamond tools, rare earth permanent magnet components, and silicon carbide tools which are widely used in the processing of hard and brittle materials such as ceramic stone, precision machinery parts processing, magnetic materials, 3C product processing, and other fields.

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