Ningxia Yinglite Chemicals Co (SZSE:000635) ROCE % : -28.01% (As of Sep. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Ningxia Yinglite Chemicals 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. Ningxia Yinglite Chemicals Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -28.01%.

Ningxia Yinglite Chemicals Co ROCE % Historical Data

The historical data trend for Ningxia Yinglite Chemicals 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.

Ningxia Yinglite Chemicals Co ROCE % Chart

Ningxia Yinglite Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

2.55

4.16

1.52

-11.73

-29.00

Ningxia Yinglite Chemicals 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															-28.65	-51.54	-14.93	-9.54	-28.01

Ningxia Yinglite Chemicals Co ROCE % Calculation

Ningxia Yinglite Chemicals 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 )
	=	-608.176	/	( ( (2731.371 - 427.847)	+	(2681.464 - 791.332) )	/ 2 )
	=	-608.176	/	( (2303.524	+	1890.132)	/ 2 )
	=	-608.176	/	2096.828
	=	-29.00 %

Ningxia Yinglite Chemicals 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 )
	=	-503.16	/	( ( (2796.653 - 933.453)	+	(2649.302 - 919.422) )	/ 2 )
	=	-503.16	/	( ( 1863.2	+	1729.88 )	/ 2 )
	=	-503.16	/	1796.54
	=	-28.01 %

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

Ningxia Yinglite Chemicals Co (SZSE:000635) 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.

Ningxia Yinglite Chemicals Co ROCE % Related Terms

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

Ningxia Yinglite Chemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningxia Yinglite Chemicals Co Ltd (SZSE:000635) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Steel Circuit, Ningxia Hui Autonomous Region, Huinong District, Shizuishan, CHN

Website

http://www.yinglitechem.com

Ningxia Yinglite Chemicals Co Ltd is a middle-sized chemical enterprise. Its main products include calcium carbide, calcium cyanamide, dicyandiamide, polyvinyl chloride, liquid caustic soda, caustic soda flakes, solid caustic soda, and liquid chlorine.

Executives

Li Zhi Qin	Executives
Zhang Yong Pu	Supervisors
Zhang Yong	Executives

Ningxia Yinglite Chemicals Co Headlines

No Headlines