Zhejiang Taihu Yuanda New Material (BJSE:920118) ROCE % : 7.85% (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Zhejiang Taihu Yuanda New Material 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. Zhejiang Taihu Yuanda New Material's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.85%.

Zhejiang Taihu Yuanda New Material ROCE % Historical Data

The historical data trend for Zhejiang Taihu Yuanda New Material'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.

* Premium members only.

Zhejiang Taihu Yuanda New Material ROCE % Chart

Zhejiang Taihu Yuanda New Material Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

22.36

25.69

27.13

25.82

Zhejiang Taihu Yuanda New Material Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						27.42	25.64	17.20	24.37	7.85

Zhejiang Taihu Yuanda New Material ROCE % Calculation

Zhejiang Taihu Yuanda New Material'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 )
	=	96.416	/	( ( (823.464 - 501.725)	+	(943.606 - 518.624) )	/ 2 )
	=	96.416	/	( (321.739	+	424.982)	/ 2 )
	=	96.416	/	373.3605
	=	25.82 %

Zhejiang Taihu Yuanda New Material'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 )
	=	42.388	/	( ( (1120.07 - 629.354)	+	(1252.711 - 663.016) )	/ 2 )
	=	42.388	/	( ( 490.716	+	589.695 )	/ 2 )
	=	42.388	/	540.2055
	=	7.85 %

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

Zhejiang Taihu Yuanda New Material (BJSE:920118) 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.

Zhejiang Taihu Yuanda New Material ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiang Taihu Yuanda New Material's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Taihu Yuanda New Material Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Taihu Yuanda New Material Corp Ltd (BJSE:920118) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Heping Town Industrial Park, Changxing County, Zhejiang Province, Huzhou, CHN, 313103

Website

Zhejiang Taihu Yuanda New Material Corp Ltd is engaged in Research and development, manufacturing, sales and service of environmentally friendly polymer materials for cables.

Zhejiang Taihu Yuanda New Material Headlines

No Headlines