Jiangxi Ning New New Materials Co (BJSE:839719) ROCE % : 0.64% (As of Mar. 2024)

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What is Jiangxi Ning New New Materials 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. Jiangxi Ning New New Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.64%.

Jiangxi Ning New New Materials Co ROCE % Historical Data

The historical data trend for Jiangxi Ning New New 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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Jiangxi Ning New New Materials Co ROCE % Chart

Jiangxi Ning New New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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28.92

17.47

13.74

18.42

17.92

Jiangxi Ning New New Materials Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															17.72	11.71	10.71	2.23	0.64

Jiangxi Ning New New Materials Co ROCE % Calculation

Jiangxi Ning New New 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 )
	=	129.938	/	( ( (921.196 - 328.515)	+	(1575.547 - 718.389) )	/ 2 )
	=	129.938	/	( (592.681	+	857.158)	/ 2 )
	=	129.938	/	724.9195
	=	17.92 %

Jiangxi Ning New New Materials Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	8.08	/	( ( (1915.938 - 644.537)	+	(1916.732 - 645.028) )	/ 2 )
	=	8.08	/	( ( 1271.401	+	1271.704 )	/ 2 )
	=	8.08	/	1271.5525
	=	0.64 %

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

Jiangxi Ning New New Materials Co (BJSE:839719) 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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Jiangxi Ning New New Materials Co (BJSE:839719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Ning New New Materials Co Ltd (BJSE:839719) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 966 Tiangong South Avenue, High-tech Industrial Park, Fengxin County, Jiangxi Province, Yichun City, CHN, 330700

Website

http://www.jxningxin.com

Jiangxi Ning New New Materials Co Ltd engages in research, development, production, and sales of special graphite and its products. Its product offerings comprise Graphite Products, Molding, Isostatic Pressure, Electrodes, Diamond Material, Silicon Carbide, Carburant, and Medium Coarse Graphite. The company mainly operates high-purity graphite, and its products are widely used in industries such as metallurgy, machinery, petroleum, chemical industry, electronics, building materials, geology, and light industry.

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