Citychamp Dartong Advanced Materials Co (SHSE:600067) ROCE % : 1.59% (As of Sep. 2024)

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What is Citychamp Dartong Advanced Materials Co 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. Citychamp Dartong Advanced Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.59%.

Citychamp Dartong Advanced Materials Co ROCE % Historical Data

The historical data trend for Citychamp Dartong Advanced Materials Co'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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Citychamp Dartong Advanced Materials Co ROCE % Chart

Citychamp Dartong Advanced Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.95

8.32

-4.24

5.84

-0.08

Citychamp Dartong Advanced Materials Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															0.83	-6.11	6.31	1.11	1.59

Citychamp Dartong Advanced Materials Co ROCE % Calculation

Citychamp Dartong Advanced Materials Co'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 )
	=	-7.238	/	( ( (23381.203 - 13547.583)	+	(21824.601 - 12689.457) )	/ 2 )
	=	-7.238	/	( (9833.62	+	9135.144)	/ 2 )
	=	-7.238	/	9484.382
	=	-0.08 %

Citychamp Dartong Advanced Materials Co'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 )
	=	139.892	/	( ( (20517.769 - 11589.548)	+	(19605.322 - 10918.389) )	/ 2 )
	=	139.892	/	( ( 8928.221	+	8686.933 )	/ 2 )
	=	139.892	/	8807.577
	=	1.59 %

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

Citychamp Dartong Advanced Materials Co (SHSE:600067) 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.

Citychamp Dartong Advanced Materials Co ROCE % Related Terms

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Citychamp Dartong Advanced Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Citychamp Dartong Advanced Materials Co Ltd (SHSE:600067) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Puxiazhou Road, Block C, Building 1, Crown City Datong Plaza, No. 5, Cangshan District, Fujian Province, Fuzhou, CHN, 350007

Website

http://www.gcdt.net

Citychamp Dartong Advanced Materials Co Ltd operates in the business of manufacture and sales of electromagnetic wires, real estate development, and the production and operation of lithium battery electrolyte additives.

Executives

He Zhu Yun	Supervisors
Han Guo Jian	senior management
Li Chun	senior management
Lin Si Yu	senior management
Liu Hua	Director
Xiao Lin Shou	senior management
Shang Jian Guang	Director

Citychamp Dartong Advanced Materials Co Headlines

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