Red Avenue New Materials Group Co (SHSE:603650) ROCE % : 11.07% (As of Sep. 2024)

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What is Red Avenue New Materials Group 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. Red Avenue New Materials Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.07%.

Red Avenue New Materials Group Co ROCE % Historical Data

The historical data trend for Red Avenue New Materials Group 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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Red Avenue New Materials Group Co ROCE % Chart

Red Avenue New Materials Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.92

19.97

12.44

8.84

9.92

Red Avenue New Materials Group 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															11.72	5.99	12.48	13.40	11.07

Red Avenue New Materials Group Co ROCE % Calculation

Red Avenue New Materials Group 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 )
	=	511.069	/	( ( (6861.121 - 2078.492)	+	(7333.907 - 1808.25) )	/ 2 )
	=	511.069	/	( (4782.629	+	5525.657)	/ 2 )
	=	511.069	/	5154.143
	=	9.92 %

Red Avenue New Materials Group 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 )
	=	647.048	/	( ( (7832.718 - 1935.37)	+	(7991.694 - 2195.153) )	/ 2 )
	=	647.048	/	( ( 5897.348	+	5796.541 )	/ 2 )
	=	647.048	/	5846.9445
	=	11.07 %

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

Red Avenue New Materials Group Co (SHSE:603650) 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.

Red Avenue New Materials Group Co ROCE % Related Terms

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Red Avenue New Materials Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Red Avenue New Materials Group Co Ltd (SHSE:603650) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.33 Shiqiao Road Garden, Room 901, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 200120

Website

http://www.rachem.com

Red Avenue New Materials Group Co Ltd is a China-based company engages in the manufacture and sale of chemical products. The company produces rubber and plastic chemical additives and other products. The products manufactured by the company include polyethylene glycol, silica, alkylphenol disulfides, and cobalt neodecanoate. Its main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins.

Executives

Yu Yao Ming	Directors, senior managers
Yuan Min Jian	Directors, senior managers
Zhang Xu Dong	senior management
Tang Jie	senior management
Hao Kai	senior management
Ding Lin	Directors, senior managers
	Director
Han Ming	senior management
Yuan Xiao Lei	senior management
Zhao Yan Chao	senior management
	senior management
Mao Xiao Dong	senior management
Dong Xiang Long	senior management

Red Avenue New Materials Group Co Headlines

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