NOEC (New Oriental Energy & Chemical) ROCE %: -97.80% (As of Dec. 2010)


What is New Oriental Energy & Chemical ROCE %?

New Oriental Energy & Chemical NOEC -99.00% ROCE % is -97.80% as of Dec. 2010.

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. New Oriental Energy & Chemical's annualized ROCE % for the quarter that ended in Dec. 2010 was -97.80%.

New Oriental Energy & Chemical  (OTCPK:NOEC) 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.

New Oriental Energy & Chemical ROCE % Related Terms

New Oriental Energy & Chemical ROCE % Historical Data

* Premium members only.

The historical data trend for New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical ROCE % Chart

New Oriental Energy & Chemical Annual Data
Trend Dec05 Mar07 Mar08 Mar09 Mar10
ROCE %
-206.25 55.39 40.64 -22.09 -86.53

New Oriental Energy & Chemical Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -26.98 -202.78 -163.92 -23.95 -97.80

New Oriental Energy & Chemical ROCE % Calculation

New Oriental Energy & Chemical's annualized ROCE % for the fiscal year that ended in Mar. 2010 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2010 )  (A: Mar. 2009 )(A: Mar. 2010 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2010 )  (A: Mar. 2009 )(A: Mar. 2010 )
=-9.992/( ( (58.165 - 40.077) + (62.183 - 57.175) )/ 2 )
=-9.992/( (18.088+5.008)/ 2 )
=-9.992/11.548
=-86.53 %

New Oriental Energy & Chemical's ROCE % of for the quarter that ended in Dec. 2010 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2010 )  (Q: Sep. 2010 )(Q: Dec. 2010 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2010 )  (Q: Sep. 2010 )(Q: Dec. 2010 )
=-6.256/( ( (76.088 - 70.332) + (54.315 - 47.278) )/ 2 )
=-6.256/( ( 5.756 + 7.037 )/ 2 )
=-6.256/6.3965
=-97.80 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2010) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -97.80% mean?
New Oriental Energy & Chemical (NOEC) has a ROCE % of -97.80% as of Dec. 2010.
Is New Oriental Energy & Chemical's ROCE % too high?
New Oriental Energy & Chemical's current ROCE % is -97.80%.
How does New Oriental Energy & Chemical's ROCE % compare to RTKHQ and LBTD?
New Oriental Energy & Chemical's ROCE % of -97.80% can be compared against companies in the Agriculture industry. The industry median ROCE % is 9.46. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Agriculture company?
The median ROCE % among Agriculture companies is 9.46, based on 254 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Agriculture industry, the median ROCE % is 9.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Oriental Energy & Chemical's current ROCE % is -97.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Energy & Chemical stock overvalued right now?
New Oriental Energy & Chemical (NOEC) has a current ROCE % of -97.80%. The current ROCE % is -97.80%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For New Oriental Energy & Chemical (NOEC), the current ROCE % is -97.80% as of Dec. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Oriental Energy & Chemical Business Description

Address Xicheng Industrial Zone of Luoshan, Xinyang, Henan Province, CHN, 464200
New Oriental Energy & Chemical Corporation, through its subsidiary, is engaged in the manufacture and distribution of fertilizer and chemical products in the People's Republic of China.