Anhui Strong State New Materials Co (SZSE:001279) ROCE % : 16.54% (As of Sep. 2024)

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What is Anhui Strong State 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. Anhui Strong State New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.54%.

Anhui Strong State New Materials Co ROCE % Historical Data

The historical data trend for Anhui Strong State 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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Anhui Strong State New Materials Co ROCE % Chart

Anhui Strong State New Materials Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

37.76

28.80

28.15

27.85

20.74

Anhui Strong State New Materials Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						-	17.84	14.50	-	16.54

Anhui Strong State New Materials Co ROCE % Calculation

Anhui Strong State 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 )
	=	107.801	/	( ( (1042.451 - 576.234)	+	(951.322 - 378.192) )	/ 2 )
	=	107.801	/	( (466.217	+	573.13)	/ 2 )
	=	107.801	/	519.6735
	=	20.74 %

Anhui Strong State 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 )
	=	104.872	/	( ( (950.641 - 328.763)	+	(1006.616 - 360.042) )	/ 2 )
	=	104.872	/	( ( 621.878	+	646.574 )	/ 2 )
	=	104.872	/	634.226
	=	16.54 %

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

Anhui Strong State New Materials Co (SZSE:001279) 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.

Anhui Strong State New Materials Co ROCE % Related Terms

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Anhui Strong State New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Strong State New Materials Co Ltd (SZSE:001279) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 37, Pengju Road, Guangde Economic Development Zone, Anhui Province, Xuancheng, CHN, 242299

Website

https://www.shqiangbang.com

Anhui Strong State New Materials Co Ltd focuses on producing and selling advanced photosensitive materials like UV-CTP plates and thermal CTP plates.

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