Chongqing Changjiang River Moulding Material (Group) Co (SZSE:001296) ROCE % : 6.76% (As of Sep. 2024)

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What is Chongqing Changjiang River Moulding Material (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. Chongqing Changjiang River Moulding Material (Group) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.76%.

Chongqing Changjiang River Moulding Material (Group) Co ROCE % Historical Data

The historical data trend for Chongqing Changjiang River Moulding Material (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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Chongqing Changjiang River Moulding Material (Group) Co ROCE % Chart

Chongqing Changjiang River Moulding Material (Group) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.56

14.65

8.51

4.88

9.28

Chongqing Changjiang River Moulding Material (Group) Co Quarterly Data
	Jun17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.90	12.20	7.28	10.51	6.76

Chongqing Changjiang River Moulding Material (Group) Co ROCE % Calculation

Chongqing Changjiang River Moulding Material (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 )
	=	159.851	/	( ( (1890.401 - 241.503)	+	(2048.377 - 252.375) )	/ 2 )
	=	159.851	/	( (1648.898	+	1796.002)	/ 2 )
	=	159.851	/	1722.45
	=	9.28 %

Chongqing Changjiang River Moulding Material (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 )
	=	125.924	/	( ( (2087.521 - 229.427)	+	(2080.262 - 210.201) )	/ 2 )
	=	125.924	/	( ( 1858.094	+	1870.061 )	/ 2 )
	=	125.924	/	1864.0775
	=	6.76 %

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

Chongqing Changjiang River Moulding Material (Group) Co (SZSE:001296) 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.

Chongqing Changjiang River Moulding Material (Group) Co ROCE % Related Terms

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Chongqing Changjiang River Moulding Material (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Changjiang River Moulding Material (Group) Co Ltd (SZSE:001296) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 6, Wuxing Middle Road, Tongjiaxi Town, Beibei District, Chongqing, CHN, 400709

Website

http://www.ccrmm.com.cn

Chongqing Changjiang River Moulding Material (Group) Co Ltd specializes in making resin coated sand, reclaiming used foundry sand, producing auxiliary materials for foundry industry, making sand cores for foundries, and manufacturing proppant for oil and gas industry.

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