Xinfengming Group Co (SHSE:603225) ROCE % : 4.94% (As of Sep. 2024)

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What is Xinfengming Group 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. Xinfengming Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.94%.

Xinfengming Group Co ROCE % Historical Data

The historical data trend for Xinfengming Group 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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Xinfengming Group Co ROCE % Chart

Xinfengming Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.42

5.87

14.87

1.23

7.44

Xinfengming Group 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															9.78	5.36	7.40	8.42	4.94

Xinfengming Group Co ROCE % Calculation

Xinfengming Group 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 )
	=	2027.27	/	( ( (41307.756 - 15195.614)	+	(45140.279 - 16786.447) )	/ 2 )
	=	2027.27	/	( (26112.142	+	28353.832)	/ 2 )
	=	2027.27	/	27232.987
	=	7.44 %

Xinfengming Group 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 )
	=	1386.36	/	( ( (55206.227 - 27649.852)	+	(53364.058 - 24824.138) )	/ 2 )
	=	1386.36	/	( ( 27556.375	+	28539.92 )	/ 2 )
	=	1386.36	/	28048.1475
	=	4.94 %

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

Xinfengming Group Co (SHSE:603225) 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.

Xinfengming Group Co ROCE % Related Terms

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Xinfengming Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinfengming Group Co Ltd (SHSE:603225) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

888 Desheng Road, Chau Ching Industrial Zone, Zhejiang Province, Tongxiang, CHN, 314513

Website

http://www.xfmgroup.com

Xinfengming Group Co Ltd is engaged in chemical fiber manufacturing.

Executives

Yang Jian Fei	Director
Zhao Chun Cai	senior management
Xu Ji Zhong	senior management
Li Guo Ping	Director
Shen Jian Yu	Director
Zheng Yong Wei	senior management
Guan Yong Yin	senior management
Lin Zhen Yong	senior management
Shen Sun Qiang	senior management
Zhu Gen Xin	senior management
Zhuang Kui Long	Director
Wu Lin Gen	Director

Xinfengming Group Co Headlines

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