China Treasures New Materials Group (HKSE:02439) ROCE % : 23.72% (As of Jun. 2024)

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What is China Treasures New Materials Group 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 Treasures New Materials Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 23.72%.

China Treasures New Materials Group ROCE % Historical Data

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

China Treasures New Materials Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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42.57

60.32

38.56

30.20

25.90

China Treasures New Materials Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial				30.63	30.23	25.31	23.72	28.64

China Treasures New Materials Group ROCE % Calculation

China Treasures New Materials Group'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 )
	=	113.912	/	( ( (340.425 - 98.262)	+	(610.378 - 98.264) )	/ 2 )
	=	113.912	/	( (242.163	+	512.114)	/ 2 )
	=	113.912	/	377.1385
	=	30.20 %

China Treasures New Materials Group'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	125.34	/	( ( (610.378 - 98.264)	+	(682.624 - 137.761) )	/ 2 )
	=	125.34	/	( ( 512.114	+	544.863 )	/ 2 )
	=	125.34	/	528.4885
	=	23.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

China Treasures New Materials Group (HKSE:02439) 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 Treasures New Materials Group ROCE % Related Terms

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China Treasures New Materials Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Treasures New Materials Group Ltd (HKSE:02439) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Jinger Road, South Karen Industrial Zone, Jiutai Economic Development Zone, Jilin Province, Changchun City, CHN

Website

http://www.jl-ks.cn

China Treasures New Materials Group Ltd mainly engages in developing and manufacturing biodegradable plastic products in Northeast China. Its biodegradable plastic products mainly come in biodegradable roll bags. The company provides biodegradable plastic products including biodegradable masterbatches that can be used to produce biodegradable plastic products. It has two segments development and manufacture of biodegradable plastic products; and development and manufacture of non-biodegradable automobile plastic parts.

Executives

Zhang Yuqiu
Lvsetianye Technology Holdings Limited
Lvsesenlin Technology Holdings Limited
Shan Yuzhu
Daziran Technology Invest Holdings Limited
China Plastic Environmental Protection Holdings Limited	2101 Beneficial owner
Zhe Jiang An Ji Jing Ji Kai Fa Qu Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you

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