Epoxy Base Electronic Material Co (SHSE:603002) ROCE % : 1.64% (As of Mar. 2024)

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What is Epoxy Base Electronic 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. Epoxy Base Electronic Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.64%.

Epoxy Base Electronic Material Co ROCE % Historical Data

The historical data trend for Epoxy Base Electronic 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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Epoxy Base Electronic Material Co ROCE % Chart

Epoxy Base Electronic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.53

14.37

22.17

28.87

3.33

Epoxy Base Electronic Material Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.55	4.05	3.71	2.88	1.64

Epoxy Base Electronic Material Co ROCE % Calculation

Epoxy Base Electronic 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 )
	=	100.965	/	( ( (3598.224 - 1136.133)	+	(4717.091 - 1123.897) )	/ 2 )
	=	100.965	/	( (2462.091	+	3593.194)	/ 2 )
	=	100.965	/	3027.6425
	=	3.33 %

Epoxy Base Electronic Material Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	58.932	/	( ( (4717.091 - 1123.897)	+	(4544.102 - 939.043) )	/ 2 )
	=	58.932	/	( ( 3593.194	+	3605.059 )	/ 2 )
	=	58.932	/	3599.1265
	=	1.64 %

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

Epoxy Base Electronic Material Co (SHSE:603002) 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.

Epoxy Base Electronic Material Co ROCE % Related Terms

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Epoxy Base Electronic Material Co (SHSE:603002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Epoxy Base Electronic Material Co Ltd (SHSE:603002) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.1, Yunpu 1st Road, Luogang District, Guangdong, Guangzhou, CHN, 510530

Website

http://www.graceepoxy.com

Epoxy Base Electronic Material Co Ltd is engaged in the production of electronic grade epoxy resins. The solutions offered by the company include general series, diluted type series, casting and APG series, and solution series.

Executives

Lin Rui Rong	Director
Fang Ye Wei	Director
Jiang Sheng Zong	Director
Lin Ren Zong	Director
Huang Xing An	senior management
Liu Huan Zhang	Director
Xiao Zhi Ren	senior management
Zhang Zhen Ming	Director

Epoxy Base Electronic Material Co (SHSE:603002) Headlines

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