Shanxi Huayang New Material Co (SHSE:600281) ROCE % : -15.75% (As of Sep. 2024)

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What is Shanxi Huayang New Material 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. Shanxi Huayang New Material Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -15.75%.

Shanxi Huayang New Material Co ROCE % Historical Data

The historical data trend for Shanxi Huayang New Material 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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Shanxi Huayang New Material Co ROCE % Chart

Shanxi Huayang New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.65

14.60

-8.18

-3.72

-25.79

Shanxi Huayang New Material 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															-13.79	-32.67	-11.25	-10.17	-15.75

Shanxi Huayang New Material Co ROCE % Calculation

Shanxi Huayang New Material 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 )
	=	-171.565	/	( ( (1077.374 - 399.024)	+	(977.235 - 325.023) )	/ 2 )
	=	-171.565	/	( (678.35	+	652.212)	/ 2 )
	=	-171.565	/	665.281
	=	-25.79 %

Shanxi Huayang New Material 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 )
	=	-97.828	/	( ( (973.097 - 332.176)	+	(1018.197 - 416.664) )	/ 2 )
	=	-97.828	/	( ( 640.921	+	601.533 )	/ 2 )
	=	-97.828	/	621.227
	=	-15.75 %

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

Shanxi Huayang New Material Co (SHSE:600281) 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.

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Shanxi Huayang New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanxi Huayang New Material Co Ltd (SHSE:600281) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 20 Yijing Street, Taiyuan, CHN, 030021

Website

http://www.th600281.cn

Shanxi Huayang New Material Co Ltd Taiyuan Chemical Industry Co Ltd is engaged in the research, production, and sale of chemical products. Its main products are deep coke processing products, chemical fertilizers, coal tar processing products, and biochemical products.

Executives

Sun Zhong Ming

Supervisors

Shanxi Huayang New Material Co Headlines

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