Nuode New Materials Co (SHSE:600110) ROCE % : -0.73% (As of Jun. 2024)

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What is Nuode New 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. Nuode New Materials Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -0.73%.

Nuode New Materials Co ROCE % Historical Data

The historical data trend for Nuode New 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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Nuode New Materials Co ROCE % Chart

Nuode New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.19

6.01

13.51

8.15

3.14

Nuode New Materials Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															4.21	0.62	2.10	-1.06	-0.73

Nuode New Materials Co ROCE % Calculation

Nuode New 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 )
	=	318.349	/	( ( (13972.314 - 4245.778)	+	(15238.873 - 4684.962) )	/ 2 )
	=	318.349	/	( (9726.536	+	10553.911)	/ 2 )
	=	318.349	/	10140.2235
	=	3.14 %

Nuode New Materials Co'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-76.948	/	( ( (15018.55 - 4499.14)	+	(15584.771 - 4972.437) )	/ 2 )
	=	-76.948	/	( ( 10519.41	+	10612.334 )	/ 2 )
	=	-76.948	/	10565.872
	=	-0.73 %

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

Nuode New Materials Co (SHSE:600110) 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.

Nuode New Materials Co ROCE % Related Terms

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Nuode New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nuode New Materials Co Ltd (SHSE:600110) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8 Shazui Road, 16th Floor, Block A, LVGEM Hongshuwan No. 1, Futian District, Shenzhen, CHN, 518000

Website

http://www.ndgf.net

Nuode New Materials Co Ltd through its subsidiaries mainly engaged in the research and development, production and sales of electrolytic copper foil.

Executives

Chen Si Cheng	senior management
Li Xiao Hong	Supervisors

Nuode New Materials Co Headlines

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