Ningxia Orient Tantalum Industry Co (SZSE:000962) ROCE % : -2.80% (As of Sep. 2024)

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What is Ningxia Orient Tantalum Industry 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 Orient Tantalum Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.80%.

Ningxia Orient Tantalum Industry Co ROCE % Historical Data

The historical data trend for Ningxia Orient Tantalum Industry 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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Ningxia Orient Tantalum Industry Co ROCE % Chart

Ningxia Orient Tantalum Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.20

3.92

6.09

10.95

9.22

Ningxia Orient Tantalum Industry 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															5.53	7.21	4.60	13.16	-2.80

Ningxia Orient Tantalum Industry Co ROCE % Calculation

Ningxia Orient Tantalum Industry 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 )
	=	193.84	/	( ( (2000.285 - 271.711)	+	(2817.727 - 339.804) )	/ 2 )
	=	193.84	/	( (1728.574	+	2477.923)	/ 2 )
	=	193.84	/	2103.2485
	=	9.22 %

Ningxia Orient Tantalum Industry 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 )
	=	-73.632	/	( ( (2858.757 - 258.309)	+	(2999.313 - 349.66) )	/ 2 )
	=	-73.632	/	( ( 2600.448	+	2649.653 )	/ 2 )
	=	-73.632	/	2625.0505
	=	-2.80 %

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

Ningxia Orient Tantalum Industry Co (SZSE:000962) 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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Ningxia Orient Tantalum Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningxia Orient Tantalum Industry Co Ltd (SZSE:000962) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.119 Yanjin Road, Ningxia, Shizuishan, CHN, 753000

Website

http://www.otic.com.cn

Ningxia Orient Tantalum Industry Co Ltd is specialized in research, development, and production of rare metals in China. It produces metals and alloys of tantalum, niobium, beryllium, and titanium, as well as SiC and PV abrasive materials, battery energy materials and others. These products are used in electronics, communication, aviation, airspace, metallurgy, oil chemicals, lighting, sports, medicals, atomic energy, solar energy and other fields. The company distributes its products in both Chinese and overseas markets.

Executives

Bao Xi Fang	Director
Jiang Bin	Executives
Nie Quan Xin	Executives
Sun Hui Zhi	Executives
Zheng Ai Guo	Executives
Ma Yue Zhong	Supervisors
Zhong Jing Ming	Director
Ye Zhao Guan	Executives
Sun Ben Shuang	Executives
Zhang Hui Zhen	Executives

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