Liaoning Donghe New Materials Co (BJSE:839792) ROCE % : 7.60% (As of Jun. 2024)

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What is Liaoning Donghe 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. Liaoning Donghe New Materials Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.60%.

Liaoning Donghe New Materials Co ROCE % Historical Data

The historical data trend for Liaoning Donghe 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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Liaoning Donghe New Materials Co ROCE % Chart

Liaoning Donghe New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.68

13.63

16.68

18.40

11.62

Liaoning Donghe New Materials Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															14.68	9.54	9.53	12.57	7.60

Liaoning Donghe New Materials Co ROCE % Calculation

Liaoning Donghe New Materials 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 )
	=	114.11	/	( ( (1082.022 - 214.918)	+	(1377.745 - 280.015) )	/ 2 )
	=	114.11	/	( (867.104	+	1097.73)	/ 2 )
	=	114.11	/	982.417
	=	11.62 %

Liaoning Donghe New Materials Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	84.716	/	( ( (1444.52 - 337.136)	+	(1534.462 - 412.518) )	/ 2 )
	=	84.716	/	( ( 1107.384	+	1121.944 )	/ 2 )
	=	84.716	/	1114.664
	=	7.60 %

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

Liaoning Donghe New Materials Co (BJSE:839792) 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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Liaoning Donghe New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Liaoning Donghe New Materials Co Ltd (BJSE:839792) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Nangou Village, Pailou Town, Liaoning Province, Haicheng City, CHN, 114207

Website

http://www.lndhref.com.cn

Liaoning Donghe New Materials Co Ltd engages in research and development, production, and sales of magnesium products based on magnesia refractories. The main products of the company are light burnt magnesia, electrofused magnesia, amorphous refractory, and firebrick products.

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