Sokan New Materials Group Co (SHSE:688157) ROCE % : 10.36% (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Sokan 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. Sokan New Materials Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.36%.

Sokan New Materials Group Co ROCE % Historical Data

The historical data trend for Sokan 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.

* Premium members only.

Sokan New Materials Group Co ROCE % Chart

Sokan New Materials Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

29.41

12.77

9.34

6.90

6.58

Sokan 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															9.23	8.92	4.18	10.28	10.36

Sokan New Materials Group Co ROCE % Calculation

Sokan 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 )
	=	86.073	/	( ( (1411.663 - 123.26)	+	(1571.945 - 244.044) )	/ 2 )
	=	86.073	/	( (1288.403	+	1327.901)	/ 2 )
	=	86.073	/	1308.152
	=	6.58 %

Sokan 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 )
	=	138.36	/	( ( (1603.677 - 291.467)	+	(1675.202 - 316.69) )	/ 2 )
	=	138.36	/	( ( 1312.21	+	1358.512 )	/ 2 )
	=	138.36	/	1335.361
	=	10.36 %

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

Sokan New Materials Group Co (SHSE:688157) 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.

Sokan New Materials Group Co ROCE % Related Terms

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

Sokan New Materials Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sokan New Materials Group Co Ltd (SHSE:688157) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.777, Sanhuan North Road, Ningxiang Economic and Technological Development Zone, Hunan Province, Ningxiang, CHN, 410600

Website

http://www.sokan.com.cn

Sokan New Materials Group Co Ltd is engaged in the production and sales of new functional coating materials such as paints and special inks. It provides services to market segments such as mobile phones and related accessories, notebook computers and related accessories, wearable devices, and smart home appliances, passenger cars.

Executives

	Director
Wang Wei Guo	Directors, senior managers
Yang Bo	Director
Wu Song	Director
Li Ping	Core technical personnel
Zhang Ying Qiang	senior management
Mou Pei Kai	Director
Xu Rui Hong	Supervisors
Tang Xiao Qin	Supervisors
Li Yu Liang	Core technical personnel
Wu Jun Yun	senior management

Sokan New Materials Group Co Headlines

No Headlines