Nanjing Hujiang Composite Materials Co (BJSE:870204) ROCE % : 4.09% (As of Sep. 2024)

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What is Nanjing Hujiang Composite 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. Nanjing Hujiang Composite Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.09%.

Nanjing Hujiang Composite Materials Co ROCE % Historical Data

The historical data trend for Nanjing Hujiang Composite 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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Nanjing Hujiang Composite Materials Co ROCE % Chart

Nanjing Hujiang Composite Materials Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.19

19.04

19.96

9.11

7.16

Nanjing Hujiang Composite Materials Co Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.01	7.69	9.76	6.52	4.09

Nanjing Hujiang Composite Materials Co ROCE % Calculation

Nanjing Hujiang Composite 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 )
	=	33.011	/	( ( (497.939 - 47.971)	+	(585.976 - 114.471) )	/ 2 )
	=	33.011	/	( (449.968	+	471.505)	/ 2 )
	=	33.011	/	460.7365
	=	7.16 %

Nanjing Hujiang Composite Materials 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 )
	=	20.728	/	( ( (622.438 - 127.807)	+	(610.448 - 90.364) )	/ 2 )
	=	20.728	/	( ( 494.631	+	520.084 )	/ 2 )
	=	20.728	/	507.3575
	=	4.09 %

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

Nanjing Hujiang Composite Materials Co (BJSE:870204) 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.

Nanjing Hujiang Composite Materials Co ROCE % Related Terms

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Nanjing Hujiang Composite Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Nanjing Hujiang Composite Materials Co Ltd (BJSE:870204) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 10, Lanxia Road, Moling Street, Industrial Concentration Zone, Jiangning District, Jiangsu Province, Nanjing, CHN

Website

https://www.njhjgs.com

Nanjing Hujiang Composite Materials Co Ltd is involved in the R&D, production, and sales of high-barrier industrial flexible packaging. There mainly four products one is aluminum-plastic composite heavy packaging bags for industrial use, the other is various food-grade flexible packaging bags, and various liquid bags above 250L, and the fourth is KPE film for solar photovoltaic backplanes. It is mainly used for vacuum packaging or general packaging of chemicals, food, medicine, tea, electronic components, precision instruments, and other products. The group exports to Europe, America, Southeast Asia, New Zealand, and other places.

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