China Lumena New Materials (China Lumena New Materials) ROCE % : 0.00% (As of Jun. 2021)

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What is China Lumena New Materials 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. China Lumena New Materials's annualized ROCE % for the quarter that ended in Jun. 2021 was 0.00%.

China Lumena New Materials ROCE % Historical Data

The historical data trend for China Lumena New Materials'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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China Lumena New Materials ROCE % Chart

China Lumena New Materials Annual Data

Trend

Dec11

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Dec20

ROCE %

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China Lumena New Materials Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

China Lumena New Materials ROCE % Calculation

China Lumena New Materials's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-0.479	/	( ( (1.066 - 514.088)	+	(1.195 - 579.195) )	/ 2 )
	=	-0.479	/	( (-513.022	+	-578)	/ 2 )
	=	-0.479	/	-545.511
	=	0.09 %

China Lumena New Materials's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	-1.012	/	( ( (1.195 - 579.195)	+	(0.962 - 603.543) )	/ 2 )
	=	-1.012	/	( ( -578	+	-602.581 )	/ 2 )
	=	-1.012	/	-590.2905
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

China Lumena New Materials (OTCPK:CHLUY) 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.

China Lumena New Materials ROCE % Related Terms

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China Lumena New Materials (China Lumena New Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Lumena New Materials Corp (OTCPK:CHLUY) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

22nd Floor, Prince’s Building, Central, Hong Kong, HKG

Website

https://www.lumena.hk

China Lumena New Materials Corp and its subsidiaries are engaged in the manufacturing and selling of polyphenylene sulfide products including PPS resin, PPS fiber, and PPS compounds. It is also engaged in processing and selling powder thenardite, specialty thenardite and medical thenardite.

China Lumena New Materials (China Lumena New Materials) Headlines

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