Earth-Panda Advanced Magnetic Material Co (SHSE:688077) ROCE % : 3.05% (As of Mar. 2024)

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What is Earth-Panda Advanced Magnetic Material 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. Earth-Panda Advanced Magnetic Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.05%.

Earth-Panda Advanced Magnetic Material Co ROCE % Historical Data

The historical data trend for Earth-Panda Advanced Magnetic Material 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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Earth-Panda Advanced Magnetic Material Co ROCE % Chart

Earth-Panda Advanced Magnetic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.26

8.30

15.12

13.51

-3.23

Earth-Panda Advanced Magnetic Material 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															-10.37	-0.96	3.09	-4.50	3.05

Earth-Panda Advanced Magnetic Material Co ROCE % Calculation

Earth-Panda Advanced Magnetic Material 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 )
	=	-46.42	/	( ( (2817.018 - 1346.4)	+	(2306.675 - 905.64) )	/ 2 )
	=	-46.42	/	( (1470.618	+	1401.035)	/ 2 )
	=	-46.42	/	1435.8265
	=	-3.23 %

Earth-Panda Advanced Magnetic Material 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 )
	=	42.9	/	( ( (2306.675 - 905.64)	+	(2443.484 - 1031.306) )	/ 2 )
	=	42.9	/	( ( 1401.035	+	1412.178 )	/ 2 )
	=	42.9	/	1406.6065
	=	3.05 %

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

Earth-Panda Advanced Magnetic Material Co (SHSE:688077) 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.

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Earth-Panda Advanced Magnetic Material Co (SHSE:688077) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Earth-Panda Advanced Magnetic Material Co Ltd (SHSE:688077) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Lujiang High-tech Industrial Development Zone, Anhui, Hefei, CHN, 231500

Website

http://www.earth-panda.com

Earth-Panda Advanced Magnetic Material Co Ltd is engaged in production and sales of sintered NdFeB permanent magnet materials. Its products are sintered NdFeb magnet, bonded NdFeb magnet, rubber magnet, samarium cobalt magnet. Its products are used in various applications such as information, national defense, automobiles, wind power, various types of motors, instruments, medical equipments, magnetic machinery and various other fields.

Executives

Wang Zi Yi	senior management
Liu Ming Hui	senior management
Dong Xue Chun	Directors, senior managers
Tan Xin Bo	Directors, senior managers
Zhou Zhi Guo	Core technical personnel
Wang Yong Dong	Supervisors
Mo Kun Peng	Supervisors
Chen Jing Wu	Senior management, core technical personnel
Yi Xiao Fei	Directors, senior managers, core technical personn
Liu You Hao	Supervisors, core technical personnel
Cao Qing Xiang	Director
Xiong Yong Fei	Directors, senior managers

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