Suzhou Longjie Special Fiber Co (SHSE:603332) ROCE % : 7.99% (As of Sep. 2024)

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What is Suzhou Longjie Special Fiber 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. Suzhou Longjie Special Fiber Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.99%.

Suzhou Longjie Special Fiber Co ROCE % Historical Data

The historical data trend for Suzhou Longjie Special Fiber 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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Suzhou Longjie Special Fiber Co ROCE % Chart

Suzhou Longjie Special Fiber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.68

0.92

1.42

-5.16

-0.18

Suzhou Longjie Special Fiber 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															0.89	7.21	2.84	5.74	7.99

Suzhou Longjie Special Fiber Co ROCE % Calculation

Suzhou Longjie Special Fiber 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 )
	=	-2.449	/	( ( (1546.438 - 212.213)	+	(1504.001 - 182.205) )	/ 2 )
	=	-2.449	/	( (1334.225	+	1321.796)	/ 2 )
	=	-2.449	/	1328.0105
	=	-0.18 %

Suzhou Longjie Special Fiber 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 )
	=	105.448	/	( ( (1426.309 - 127.657)	+	(1503.601 - 162.852) )	/ 2 )
	=	105.448	/	( ( 1298.652	+	1340.749 )	/ 2 )
	=	105.448	/	1319.7005
	=	7.99 %

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

Suzhou Longjie Special Fiber Co (SHSE:603332) 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.

Suzhou Longjie Special Fiber Co ROCE % Related Terms

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Suzhou Longjie Special Fiber Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suzhou Longjie Special Fiber Co Ltd (SHSE:603332) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.19 Zhenxing Raod, Zhangjiagang Economic Development Zone, Jiangsu Province, Jiangsu, CHN, 215600

Website

http://www.jslongjie.com

Suzhou Longjie Special Fiber Co Ltd is engaged in the production of polyester filaments. The company's products cover five series, namely differentiated FDY, differentiated POY, differentiated DTY, differentiated polyester industrial yarns and new type polyester fiber. Its main products include differentiated civil fiber products like FDY island composite fiber, DTY island composite fiber, DTY eco-friendly three-dimensional composite colored fiber, FDY flat filament series products, monocomponent potential controllable crimpled fiber, and PTT fiber, and various polyester industrial filaments.

Executives

Wang Jian Xin	Directors, senior managers
Huang Su Xiang	senior management
Liu Hu Yi	Supervisors
Wang Jian Rong	Director
Ma Dong Xian	Supervisors
Xi Wen Jie	Directors, senior managers
Guan Le	Directors, senior managers
Pan Zheng Liang	senior management
Lu Xiao Yu	senior management
He Xiao Lin	Directors, senior managers

Suzhou Longjie Special Fiber Co Headlines

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