Zhejiangnmei Chemical Industry Co (SHSE:603379) ROCE % : 14.31% (As of Sep. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Zhejiangnmei Chemical Industry 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. Zhejiangnmei Chemical Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.31%.

Zhejiangnmei Chemical Industry Co ROCE % Historical Data

The historical data trend for Zhejiangnmei Chemical Industry 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.

* Premium members only.

Zhejiangnmei Chemical Industry Co ROCE % Chart

Zhejiangnmei Chemical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

22.20

5.90

13.63

11.66

6.46

Zhejiangnmei Chemical Industry 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															9.69	4.30	10.25	21.46	14.31

Zhejiangnmei Chemical Industry Co ROCE % Calculation

Zhejiangnmei Chemical Industry 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 )
	=	375.594	/	( ( (6429.775 - 701.301)	+	(6728.955 - 820.147) )	/ 2 )
	=	375.594	/	( (5728.474	+	5908.808)	/ 2 )
	=	375.594	/	5818.641
	=	6.46 %

Zhejiangnmei Chemical Industry 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 )
	=	897.88	/	( ( (6843.646 - 656.354)	+	(6997.059 - 633.719) )	/ 2 )
	=	897.88	/	( ( 6187.292	+	6363.34 )	/ 2 )
	=	897.88	/	6275.316
	=	14.31 %

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

Zhejiangnmei Chemical Industry Co (SHSE:603379) 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.

Zhejiangnmei Chemical Industry Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiangnmei Chemical Industry Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiangnmei Chemical Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Sanmei Chemical Industry Co Ltd (SHSE:603379) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hushlindustrial Zone, Qingnian Road, Zhejiang Province, Wuyi County, Jinhua, CHN, 321200

Website

http://www.sanmeichem.com

Zhejiang Sanmei Chemical Industry Co Ltd is specialized in research and development and product production of fluorine chemical products. The products are sold to more than 30 provinces and cities nationwide and more than 100 countries and regions around the world. The company has two series of products, organic fluorine and inorganic fluorine.

Executives

Zhan Lin Xi	Directors, senior managers
Xu Yao Chun	Director
Wu Shao Ming	Director
Shi Fu Qiang	senior management
Hu Fa Xiang	Directors, senior managers
Qian Kang Fu	Supervisors
Hu Qi Xiang	Directors, senior managers

Zhejiangnmei Chemical Industry Co Headlines

No Headlines