Sinosteel New Materials Co (SZSE:002057) ROCE % : 8.71% (As of Sep. 2024)

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What is Sinosteel 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. Sinosteel New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.71%.

Sinosteel New Materials Co ROCE % Historical Data

The historical data trend for Sinosteel 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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Sinosteel New Materials Co ROCE % Chart

Sinosteel New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.95

12.09

11.42

14.04

10.63

Sinosteel New Materials 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															10.85	7.19	6.95	8.72	8.71

Sinosteel New Materials Co ROCE % Calculation

Sinosteel 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 )
	=	385.739	/	( ( (4979.662 - 1396.053)	+	(5321.604 - 1649.318) )	/ 2 )
	=	385.739	/	( (3583.609	+	3672.286)	/ 2 )
	=	385.739	/	3627.9475
	=	10.63 %

Sinosteel 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 )
	=	322.8	/	( ( (5069.95 - 1398.359)	+	(5145.586 - 1402.252) )	/ 2 )
	=	322.8	/	( ( 3671.591	+	3743.334 )	/ 2 )
	=	322.8	/	3707.4625
	=	8.71 %

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

Sinosteel New Materials Co (SZSE:002057) 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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Sinosteel New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sinosteel New Materials Co Ltd (SZSE:002057) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 South section, Huoli Shan Avenue, Anhui, Ma'anshan, CHN, 243000

Website

https://www.sinosteelnmc.com

Sinosteel New Materials Co Ltd is a China-based electronic component manufacturing company. Its business activities include a magnetic material, manganous-manganic oxide, ferrite magnet, neodymium magnet, high-efficiency energy-saving motor and mining equipment specializing in the separator, filter, HPGR (High-Pressure Grinding Rolls) and tower mill.

Executives

Hong Tao	Executives
Jiang Bao Cai	Director
Sun Jian Hua	Executives
Cai Xia	Executives

Sinosteel New Materials Co Headlines

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