HMT (Xiamen) New Technical Materials Co (SHSE:603306) ROCE % : 6.67% (As of Sep. 2024)

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What is HMT (Xiamen) New Technical Materials 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. HMT (Xiamen) New Technical Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.67%.

HMT (Xiamen) New Technical Materials Co ROCE % Historical Data

The historical data trend for HMT (Xiamen) New Technical Materials 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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HMT (Xiamen) New Technical Materials Co ROCE % Chart

HMT (Xiamen) New Technical Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.55

9.30

7.49

7.40

6.68

HMT (Xiamen) New Technical Materials 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															7.64	8.97	6.52	8.35	6.67

HMT (Xiamen) New Technical Materials Co ROCE % Calculation

HMT (Xiamen) New Technical Materials 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 )
	=	271.007	/	( ( (3784.286 - 355.62)	+	(5083.536 - 399.212) )	/ 2 )
	=	271.007	/	( (3428.666	+	4684.324)	/ 2 )
	=	271.007	/	4056.495
	=	6.68 %

HMT (Xiamen) New Technical Materials 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 )
	=	312.164	/	( ( (4989.699 - 344.279)	+	(5134.462 - 419.673) )	/ 2 )
	=	312.164	/	( ( 4645.42	+	4714.789 )	/ 2 )
	=	312.164	/	4680.1045
	=	6.67 %

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

HMT (Xiamen) New Technical Materials Co (SHSE:603306) 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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HMT (Xiamen) New Technical Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » HMT (Xiamen) New Technical Materials Co Ltd (SHSE:603306) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 31 Xingbei Road, Jimei District, Xiamen, CHN, 361022

Website

http://www.hmtnew.com

HMT (Xiamen) New Technical Materials Co Ltd is an enterprise integrating research and development, production and sales of fabrics. Its business covers automotive airbag cloth, automobile airbag bag/OPW, safety belt, mesh cloth, bulletproof cloth, and other industrial fabrics.

Executives

Zhao Zi Yan	Director
Zhang Chu Quan	Director
Cao Yao Feng	senior management
Chen Shao Lin	senior management
Cui Guang San	senior management
Xiao Jian Bo	senior management
Hu Shi Yuan	Director
Jiang Wei Jun	Directors, senior managers
Xie Mei Zai	Supervisors

HMT (Xiamen) New Technical Materials Co Headlines

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