Xi'an Manareco New Materials Co (SHSE:688550) ROCE % : 14.04% (As of Sep. 2024)

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

What is Xi'an Manareco 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. Xi'an Manareco New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.04%.

Xi'an Manareco New Materials Co ROCE % Historical Data

The historical data trend for Xi'an Manareco 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.

* Premium members only.

Xi'an Manareco New Materials Co ROCE % Chart

Xi'an Manareco New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

28.15

12.75

9.77

9.39

5.00

Xi'an Manareco 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															5.92	5.37	5.17	9.62	14.04

Xi'an Manareco New Materials Co ROCE % Calculation

Xi'an Manareco 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 )
	=	148.304	/	( ( (3340.457 - 367.284)	+	(3323.862 - 361.227) )	/ 2 )
	=	148.304	/	( (2973.173	+	2962.635)	/ 2 )
	=	148.304	/	2967.904
	=	5.00 %

Xi'an Manareco 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 )
	=	415.56	/	( ( (3413.712 - 492.598)	+	(3362.56 - 365.371) )	/ 2 )
	=	415.56	/	( ( 2921.114	+	2997.189 )	/ 2 )
	=	415.56	/	2959.1515
	=	14.04 %

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

Xi'an Manareco New Materials Co (SHSE:688550) 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.

Xi'an Manareco New Materials Co ROCE % Related Terms

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

Xi'an Manareco New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xi'an Manareco New Materials Co Ltd (SHSE:688550) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71, Jinye 2nd Road, High-tech Zone, Shaanxi Province, Xi'an, CHN, 710077

Website

http://www.xarlm.com

Xi'an Manareco New Materials Co Ltd is engaged in production and sales of special organic new materials involving in liquid crystal singles, OLED materials and pharmaceutical intermediates, which will be applied to LC mixtures, OLED final materials, and APIs. The company's products include Liquid Crystal Intermediates; OLED; Pharmaceutical Intermediates; and Other Organic Fine Chemicals.

Executives

Liu Xiao Chun	Director
Hu Zhan	senior management
Yuan Jiang Bo	senior management
Wang Xiao Wei	Directors, senior managers, core technical personn
Hu Zong Xue	senior management
Qiao Mu	Director
Qian Xiao Bo	senior management
He Han Jiang	Core technical personnel
Wang Yin Bin	senior management
Liu Qian Feng	Director
Zhao Tong	Core technical personnel
Lv Hao Ping	Director
Zhou Quan	senior management
Gao Ren Xiao	Director
Li Qi Gui	Core technical personnel

Xi'an Manareco New Materials Co Headlines

No Headlines