Zhejiang Rongtai Electric Material Co (SHSE:603119) ROCE % : 16.41% (As of Sep. 2024)

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What is Zhejiang Rongtai Electric 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. Zhejiang Rongtai Electric Material Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.41%.

Zhejiang Rongtai Electric Material Co ROCE % Historical Data

The historical data trend for Zhejiang Rongtai Electric 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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Zhejiang Rongtai Electric Material Co ROCE % Chart

Zhejiang Rongtai Electric Material Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

14.70

19.82

37.18

30.19

17.41

Zhejiang Rongtai Electric Material Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									19.27	15.00	12.28	14.31	16.41

Zhejiang Rongtai Electric Material Co ROCE % Calculation

Zhejiang Rongtai Electric 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 )
	=	199.966	/	( ( (1001.955 - 405.71)	+	(1954.869 - 254.415) )	/ 2 )
	=	199.966	/	( (596.245	+	1700.454)	/ 2 )
	=	199.966	/	1148.3495
	=	17.41 %

Zhejiang Rongtai Electric 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 )
	=	292.296	/	( ( (2060.156 - 313.223)	+	(2125.647 - 310.733) )	/ 2 )
	=	292.296	/	( ( 1746.933	+	1814.914 )	/ 2 )
	=	292.296	/	1780.9235
	=	16.41 %

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

Zhejiang Rongtai Electric Material Co (SHSE:603119) 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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Zhejiang Rongtai Electric Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Rongtai Electric Material Co Ltd (SHSE:603119) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 308, Zhongxing Road, Fengqiao Town, Nanhu, Zhejiang, Jiaxing, CHN, 314007

Website

https://www.glorymica.com

Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.

Executives

Zheng Min Min	Director
Ge Tai Rong	Director
Cao Mei Sheng	Director
Jing Fei	Director

Zhejiang Rongtai Electric Material Co Headlines

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