Anhui Xinke New Materials Co (SHSE:600255) ROCE % : 1.05% (As of Dec. 2024)

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What is Anhui Xinke 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. Anhui Xinke New Materials Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.05%.

Anhui Xinke New Materials Co ROCE % Historical Data

The historical data trend for Anhui Xinke 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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Anhui Xinke New Materials Co ROCE % Chart

Anhui Xinke New Materials Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.29

6.05

7.93

-2.75

4.46

Anhui Xinke New Materials Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-9.42	4.70	6.60	5.63	1.05

Anhui Xinke New Materials Co ROCE % Calculation

Anhui Xinke New Materials Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	89.328	/	( ( (3846.044 - 1886.963)	+	(4209.036 - 2162.725) )	/ 2 )
	=	89.328	/	( (1959.081	+	2046.311)	/ 2 )
	=	89.328	/	2002.696
	=	4.46 %

Anhui Xinke New Materials Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	21.376	/	( ( (4035.198 - 2009.973)	+	(4209.036 - 2162.725) )	/ 2 )
	=	21.376	/	( ( 2025.225	+	2046.311 )	/ 2 )
	=	21.376	/	2035.768
	=	1.05 %

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

Anhui Xinke New Materials Co (SHSE:600255) 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.

Anhui Xinke New Materials Co ROCE % Related Terms

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Anhui Xinke New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anhui Xinke New Materials Co Ltd (SHSE:600255) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 88, Yong'an Road, Jiujiang District, Anhui Province, Wuhu, CHN, 241006

Website

http://www.ahxinke.com

Anhui Xinke New Materials Co Ltd focuses on the research and development, production, and sales of high-performance, high-precision copper alloy plate and strip products. The products include high-precision brass, high copper, bronze, and white copper bare strips as well as their reflow tinned and hot-dip tinned strips; the products are widely used in integrated circuits, consumer electronics, new energy vehicles, LED, photovoltaic power, New generation of information technology, 5G, smart terminals and other industry fields.

Executives

Song Zhi Gang	Director
Wang Sheng	Director
Hu Ji Rong	Director
Xing Wei Song	senior management
Yang Chun Tai	Director
Zhang Xiao Ping	Director
Zhang Long	Director
Wang Xing Hai	senior management
Fu Jian Gen	Supervisors

Anhui Xinke New Materials Co Headlines

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