Sanxiang Advanced Materials Co (SHSE:603663) ROCE % : 3.28% (As of Sep. 2024)

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What is Sanxiang Advanced 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. Sanxiang Advanced Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.28%.

Sanxiang Advanced Materials Co ROCE % Historical Data

The historical data trend for Sanxiang Advanced 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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Sanxiang Advanced Materials Co ROCE % Chart

Sanxiang Advanced Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.64

12.09

11.51

14.56

6.49

Sanxiang Advanced 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															0.44	-2.15	8.04	15.67	3.28

Sanxiang Advanced Materials Co ROCE % Calculation

Sanxiang Advanced 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 )
	=	90.046	/	( ( (1806.44 - 430.982)	+	(2018.525 - 619.484) )	/ 2 )
	=	90.046	/	( (1375.458	+	1399.041)	/ 2 )
	=	90.046	/	1387.2495
	=	6.49 %

Sanxiang Advanced 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 )
	=	47.448	/	( ( (2190.153 - 730.04)	+	(2165.574 - 731.768) )	/ 2 )
	=	47.448	/	( ( 1460.113	+	1433.806 )	/ 2 )
	=	47.448	/	1446.9595
	=	3.28 %

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

Sanxiang Advanced Materials Co (SHSE:603663) 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.

Sanxiang Advanced Materials Co ROCE % Related Terms

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Sanxiang Advanced Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanxiang Advanced Materials Co Ltd (SHSE:603663) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 292, Jiefang Street, Shouning County, Fujian Province, Ningde, CHN, 355500

Website

http://www.fjsx.com

Sanxiang Advanced Materials Co Ltd produces, manufactures, and sells new materials such as varieties of zirconia, magnesium, and advanced ceramics. Its products are widely used in aerospace, military, fire-resistant and wear-resistant materials, ceramic glazes, and other industries. The company's business segments include the zirconium series, magnesium series, and advanced ceramic series through which it offers products like nano zirconium oxide, zirconium oxychloride, lightweight new materials, casting new materials, magnesium aluminum alloys, and others.

Executives

Huang Fei	Supervisors
Yang Hui	Directors, senior managers
Zheng Xiong	senior management
Xiao Chuan Zhou	senior management
Lin Shao Yun	senior management
Li Hui Bin	senior management
Ye Dan Wang	Director
Fan Shun Qin	senior management
Wu Chun Qiao	Supervisors
Xia Peng	Directors, senior managers

Sanxiang Advanced Materials Co Headlines

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