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Global New Material International Holdings (HKSE:06616) ROCE % : 9.18% (As of Jun. 2024)


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What is Global New Material International Holdings 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. Global New Material International Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.18%.

Global New Material International Holdings ROCE % Historical Data

The historical data trend for Global New Material International Holdings'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.

Global New Material International Holdings ROCE % Chart

Global New Material International Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 18.24 16.04 10.85 10.28 7.81

Global New Material International Holdings Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 10.98 10.83 9.09 8.70 9.18

Global New Material International Holdings ROCE % Calculation

Global New Material International Holdings'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 )
=334.109/( ( (3525.323 - 202.307) + (5638.739 - 406.412) )/ 2 )
=334.109/( (3323.016+5232.327)/ 2 )
=334.109/4277.6715
=7.81 %

Global New Material International Holdings'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 )
=487.772/( ( (5638.739 - 406.412) + (6312.178 - 912.652) )/ 2 )
=487.772/( ( 5232.327 + 5399.526 )/ 2 )
=487.772/5315.9265
=9.18 %

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

* 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.

Global New Material International Holdings  (HKSE:06616) 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.

Global New Material International Holdings ROCE % Related Terms

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Global New Material International Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Global New Material International Holdings Ltd (HKSE:06616) » Definitions » ROCE %
Comparable Companies
HKSE:01440 HKSE:02283 HKSE:09893 HKSE:03318 HKSE:09936 HKSE:00336 HKSE:00408 HKSE:01986 HKSE:00640 HKSE:00701 LIN XPAR:AI SHW ECL APD XSWX:GIVN XSWX:SIKA ISX:TPIA DD SHSE:600309
Traded in Other Exchanges
69Y:Germany
Address
No. 380, Feilu Road, Pearlescent Industrial Park, Guangxi Zhuang Autonomous Region, Luzhai Town, Luzhai County, Liuzhou, CHN, 545600
Website
http://www.chesir.net
Global New Material International Holdings Ltd is engaged in the business of production and sales of pearlescent pigment products and functional mica and related products in the PRC and the Republic of Korea. Its segments are PRC Business Operation and Korea Business Operation. The company generates the majority of its revenue from the sale of pearlescent pigment products. It generates the majority of its revenue from PRC Business Operation from the sale of pearlescent pigment products. The PRC Business Operation is into manufacturing and sales of pearlescent pigment and functional mica filler in the PRC. Korea Business Operation is engaged in the manufacture and sale of pearlescent pigment in the Republic of Korea. The company generates revenue from Mainland China, Hong Kong, and Korea.
Executives
Su Ertian 2201 Interest of corporation controlled by you
Wang Huan 2202 Interest of your spouse
Guang Xi Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Su Ertian 2201 Interest of corporation controlled by you
Guang Xi Guang Tou Zheng Run Fa Zhan Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Guang Xi Gui Dong Dian Li Gu Fen You Xian Gong Si 2101 Beneficial owner
Guo Kai Jin Rong You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Zhong Yang Hui Jin Tou Zi You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Tou Zi You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
You Ou Bi Tou Zi Guan Li Shang Hai You Xian Gong Si 2201 Interest of corporation controlled by you
Guo Jia Kai Fa Yin Hang 2201 Interest of corporation controlled by you
Guang Tou Zi Ben Guan Li Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Gx Land & Sea Connectivity Holding Ltd 2101 Beneficial owner
Guang Xi Jin Rong Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Guang Xi Lu Hai Xin Tong Dao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you

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