Zhejiang Three Stars New Materials Co (SHSE:603578) ROCE % : 5.62% (As of Mar. 2024)

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What is Zhejiang Three Stars New 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. Zhejiang Three Stars New Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.62%.

Zhejiang Three Stars New Materials Co ROCE % Historical Data

The historical data trend for Zhejiang Three Stars New 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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Zhejiang Three Stars New Materials Co ROCE % Chart

Zhejiang Three Stars New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.25

12.01

12.43

11.33

9.06

Zhejiang Three Stars New Materials 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															18.32	28.69	5.23	-1.08	5.62

Zhejiang Three Stars New Materials Co ROCE % Calculation

Zhejiang Three Stars New 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 )
	=	130.464	/	( ( (1208.531 - 225.949)	+	(2686.304 - 789.546) )	/ 2 )
	=	130.464	/	( (982.582	+	1896.758)	/ 2 )
	=	130.464	/	1439.67
	=	9.06 %

Zhejiang Three Stars New Materials 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 )
	=	114.208	/	( ( (2686.304 - 789.546)	+	(3481.935 - 1316.158) )	/ 2 )
	=	114.208	/	( ( 1896.758	+	2165.777 )	/ 2 )
	=	114.208	/	2031.2675
	=	5.62 %

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

Zhejiang Three Stars New Materials Co (SHSE:603578) 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.

Zhejiang Three Stars New Materials Co ROCE % Related Terms

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Zhejiang Three Stars New Materials Co (SHSE:603578) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Three Stars New Materials Co Ltd (SHSE:603578) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 333 Hanghai Road, Minyue Town, Deqing County, Zhejiang Province, Huzhou, CHN, 313213

Website

http://www.sxslhg.com

Zhejiang Three Stars New Materials Co Ltd is a China based company involved in the design, development, production and sales of all kinds of low temperature storage equipment glass door and deep processing glass products. It produces hollow glass door, PVC extrusion profile, single layer glass door, overall injection molding glass door, coating glass, tempered glass and touch screen glass. The company's deep-processed glass products include tempered glass, coated glass, and crystal glass, among others.

Executives

Yang Pei Zhu	senior management
Zhang Jin Zhu	Director
Wang Xue Yong	Director
Yang Min	Director
Yang A Yong	Director
Xu Fen	Director

Zhejiang Three Stars New Materials Co (SHSE:603578) Headlines

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