Jiangsu Evergreen New Material Technology Co (SHSE:603125) ROCE % : 10.03% (As of Dec. 2024)

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What is Jiangsu Evergreen New Material Technology 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. Jiangsu Evergreen New Material Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 10.03%.

Jiangsu Evergreen New Material Technology Co ROCE % Historical Data

The historical data trend for Jiangsu Evergreen New Material Technology 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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Jiangsu Evergreen New Material Technology Co ROCE % Chart

Jiangsu Evergreen New Material Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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33.88

28.35

29.09

16.15

10.43

Jiangsu Evergreen New Material Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial													9.79	9.57	11.99	10.23	10.03

Jiangsu Evergreen New Material Technology Co ROCE % Calculation

Jiangsu Evergreen New Material Technology 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 )
	=	236.596	/	( ( (2298.254 - 111.755)	+	(2555.949 - 203.596) )	/ 2 )
	=	236.596	/	( (2186.499	+	2352.353)	/ 2 )
	=	236.596	/	2269.426
	=	10.43 %

Jiangsu Evergreen New Material Technology 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 )
	=	233.476	/	( ( (2436.562 - 135.395)	+	(2555.949 - 203.596) )	/ 2 )
	=	233.476	/	( ( 2301.167	+	2352.353 )	/ 2 )
	=	233.476	/	2326.76
	=	10.03 %

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

Jiangsu Evergreen New Material Technology Co (SHSE:603125) 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.

Jiangsu Evergreen New Material Technology Co ROCE % Related Terms

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Jiangsu Evergreen New Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Evergreen New Material Technology Inc Co (SHSE:603125) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Qinglongshan Road, Zhenjiang New District, Jiangsu Province, Zhenjiang, CHN, 212132

Website

http://www.cqs-hm.com

Jiangsu Evergreen New Material Technology Inc Co is engaged in the research and development, production and sales of special monomers and special additives for new polymer materials.

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