Xinlong Holding (Group) Co (SZSE:000955) ROCE % : -0.47% (As of Sep. 2024)

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What is Xinlong Holding (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. Xinlong Holding (Group) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.47%.

Xinlong Holding (Group) Co ROCE % Historical Data

The historical data trend for Xinlong Holding (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.

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Xinlong Holding (Group) Co ROCE % Chart

Xinlong Holding (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.67

37.85

2.41

-12.29

-3.44

Xinlong Holding (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															-3.92	-9.59	-3.33	-2.30	-0.47

Xinlong Holding (Group) Co ROCE % Calculation

Xinlong Holding (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 )
	=	-27.784	/	( ( (1057.897 - 244.085)	+	(929.716 - 126.986) )	/ 2 )
	=	-27.784	/	( (813.812	+	802.73)	/ 2 )
	=	-27.784	/	808.271
	=	-3.44 %

Xinlong Holding (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 )
	=	-3.676	/	( ( (905.426 - 124.362)	+	(864.057 - 85.297) )	/ 2 )
	=	-3.676	/	( ( 781.064	+	778.76 )	/ 2 )
	=	-3.676	/	779.912
	=	-0.47 %

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

Xinlong Holding (Group) Co (SZSE:000955) 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.

Xinlong Holding (Group) Co ROCE % Related Terms

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Xinlong Holding (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Xinlong Holding (Group) Co Ltd (SZSE:000955) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.2 North Longkun Road, 17th Floor, Dihao Building, Pearl River Plaza, Hainan Province, Haikou, CHN, 570125

Website

http://www.xinlong-holding.com

Xinlong Holding (Group) Co Ltd is engaged in the production and distribution of non-woven materials in China. The company produces breathable, waterproof, fire retardant, anti-UV, high-strength and high-quality thin PET spunbond nonwovens and other meltspun new material. The products can be widely used in various fields such as agriculture and national defense. It is also engaged in the phosphorus chemical industry. The non-woven products are made available in both Chinese and other international markets such as Europe, North America, India and Southeast Asia and other countries.

Executives

Wei Yi	Directors, executives
Pan Ying	Directors, Directors, and Executives
Ou Yang Yu	Executives
Li Xiao Hong	Supervisors
He Li	Directors, executives
Guo Kai Zhu	Directors, executives
Tan Wei Dong	Executives
Luo Jian Zheng	Director

Xinlong Holding (Group) Co Headlines

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