Luoyang JALON Micro-nano New Materials Co (SHSE:688357) ROCE % : 3.21% (As of Sep. 2024)

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What is Luoyang JALON Micro-nano 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. Luoyang JALON Micro-nano New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.21%.

Luoyang JALON Micro-nano New Materials Co ROCE % Historical Data

The historical data trend for Luoyang JALON Micro-nano 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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Luoyang JALON Micro-nano New Materials Co ROCE % Chart

Luoyang JALON Micro-nano New Materials Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.77

15.95

28.36

15.19

8.72

Luoyang JALON Micro-nano New 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															11.42	3.29	5.90	2.88	3.21

Luoyang JALON Micro-nano New Materials Co ROCE % Calculation

Luoyang JALON Micro-nano 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 )
	=	175.789	/	( ( (2186.06 - 586.158)	+	(3029.14 - 597.799) )	/ 2 )
	=	175.789	/	( (1599.902	+	2431.341)	/ 2 )
	=	175.789	/	2015.6215
	=	8.72 %

Luoyang JALON Micro-nano New 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 )
	=	79.02	/	( ( (2903.079 - 470.809)	+	(2965.083 - 472.215) )	/ 2 )
	=	79.02	/	( ( 2432.27	+	2492.868 )	/ 2 )
	=	79.02	/	2462.569
	=	3.21 %

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

Luoyang JALON Micro-nano New Materials Co (SHSE:688357) 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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Luoyang JALON Micro-nano New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Luoyang JALON Micro-nano New Materials Co Ltd (SHSE:688357) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junmin Road, Industrial Cluster District, Henan, Yanshi, CHN, 471900

Website

http://www.jlchem.cn

Luoyang JALON Micro-nano New Materials Co Ltd is a manufacturer of Molecular Sieves, Molecular Sieve Powders and Synthetic Zeolite Powders. The company produces and sells adsorbent materials; catalytic materials; industrial sodium chloride; and chemical products. Its products are used in Hydrogen Purification, Medical & Industrial Oxygen Concentrator, Cryogenic Air Separation, Coating, Sealants, Adhesives, Natural Gas Dehydration and Sweetening, Refinery, Air Break System, Insulating Glass, Refrigerant Dehydration, and Ethanol Dehydration.

Executives

Xu Shi Ye	Core technical personnel
Wang Yu Feng	Core technical personnel
Bai Pu	Senior management, core technical personnel
Guo Yan Xia	Core technical personnel
Zhang Yan	Core technical personnel
Liu Qiao Xiang	Supervisors
Li Jian Bo	Director
Zhang Jing Tao	senior management
Ning Hong Bo	Supervisors
Li Chao Feng	Directors, senior managers

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