Jiangsu Hengxing New Material Technology Co (SHSE:603276) ROCE % : -1.86% (As of Sep. 2024)

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What is Jiangsu Hengxing 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 Hengxing New Material Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.86%.

Jiangsu Hengxing New Material Technology Co ROCE % Historical Data

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

Jiangsu Hengxing New Material Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.85

27.35

16.28

15.35

7.55

Jiangsu Hengxing New Material Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												6.50	4.64	3.30	5.09	-1.86

Jiangsu Hengxing New Material Technology Co ROCE % Calculation

Jiangsu Hengxing New Material Technology 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 )
	=	97.813	/	( ( (1021.785 - 218.607)	+	(1880.816 - 93.713) )	/ 2 )
	=	97.813	/	( (803.178	+	1787.103)	/ 2 )
	=	97.813	/	1295.1405
	=	7.55 %

Jiangsu Hengxing New Material Technology 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 )
	=	-32.912	/	( ( (1818.359 - 53.072)	+	(1812.083 - 43.521) )	/ 2 )
	=	-32.912	/	( ( 1765.287	+	1768.562 )	/ 2 )
	=	-32.912	/	1766.9245
	=	-1.86 %

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

Jiangsu Hengxing New Material Technology Co (SHSE:603276) 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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Jiangsu Hengxing New Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Hengxing New Material Technology Co Ltd (SHSE:603276) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yongning Branch Road, Yixing Economic Development Zone, Jiangsu, Yingxing, CHN, 214200

Website

http://www.zhgchem.com

Jiangsu Hengxing New Material Technology Co Ltd is engaged in research & development, production and sales of ketone, ester and acid fine chemical products.

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