HangZhou Nbond Nonwovens Co (SHSE:603238) ROCE % : 4.64% (As of Mar. 2024)

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What is HangZhou Nbond Nonwovens 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. HangZhou Nbond Nonwovens Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.64%.

HangZhou Nbond Nonwovens Co ROCE % Historical Data

The historical data trend for HangZhou Nbond Nonwovens 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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HangZhou Nbond Nonwovens Co ROCE % Chart

HangZhou Nbond Nonwovens Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.79

38.04

9.89

3.60

6.89

HangZhou Nbond Nonwovens 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															3.98	6.82	9.36	7.51	4.64

HangZhou Nbond Nonwovens Co ROCE % Calculation

HangZhou Nbond Nonwovens 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 )
	=	110.908	/	( ( (2266.472 - 694.029)	+	(2481.432 - 835.179) )	/ 2 )
	=	110.908	/	( (1572.443	+	1646.253)	/ 2 )
	=	110.908	/	1609.348
	=	6.89 %

HangZhou Nbond Nonwovens 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 )
	=	77.18	/	( ( (2481.432 - 835.179)	+	(2525.484 - 848.443) )	/ 2 )
	=	77.18	/	( ( 1646.253	+	1677.041 )	/ 2 )
	=	77.18	/	1661.647
	=	4.64 %

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

HangZhou Nbond Nonwovens Co (SHSE:603238) 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.

HangZhou Nbond Nonwovens Co ROCE % Related Terms

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HangZhou Nbond Nonwovens Co (SHSE:603238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » HangZhou Nbond Nonwovens Co Ltd (SHSE:603238) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 16 Hongda Road, Yuhang Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 311102

Website

http://www.nbond.cn

HangZhou Nbond Nonwovens Co Ltd is a China based company engages in the production and sale of non-woven fabrics. Its nonwovens products cover various series and specifications, including beauty care materials, industrial materials, household wiping materials, medical materials, and various series of products for other fields and purposes.

Executives

Chen Wei Guo	senior management
Zhang Jie	Directors, senior managers
Lu Nian Fen	senior management
Gong Jin Rui	Directors, senior managers
Ren Jian Yong	Directors, senior managers
Zhong Wei Cheng	senior management
Zhang Guo Fu	Supervisors
Ren Fu Jia	Director
Wang Gang	Director
Zhang Yong Tao	Supervisors

HangZhou Nbond Nonwovens Co (SHSE:603238) Headlines

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