Mesnac Co (SZSE:002073) ROCE % : 12.41% (As of Sep. 2024)

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What is Mesnac 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. Mesnac Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.41%.

Mesnac Co ROCE % Historical Data

The historical data trend for Mesnac 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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Mesnac Co ROCE % Chart

Mesnac Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.28

2.82

3.12

4.21

7.54

Mesnac 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															9.36	9.48	6.15	10.36	12.41

Mesnac Co ROCE % Calculation

Mesnac 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 )
	=	484.956	/	( ( (13725.145 - 7511.84)	+	(15961.879 - 9314.329) )	/ 2 )
	=	484.956	/	( (6213.305	+	6647.55)	/ 2 )
	=	484.956	/	6430.4275
	=	7.54 %

Mesnac 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 )
	=	868.032	/	( ( (16911.248 - 10189.205)	+	(17286.03 - 10022.853) )	/ 2 )
	=	868.032	/	( ( 6722.043	+	7263.177 )	/ 2 )
	=	868.032	/	6992.61
	=	12.41 %

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

Mesnac Co (SZSE:002073) 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.

Mesnac Co ROCE % Related Terms

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Mesnac Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mesnac Co Ltd (SZSE:002073) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 43 Zhengzhou Road, Qingdao, CHN, 266042

Website

http://www.mesnac.com

Mesnac Co Ltd is a Chinese company mainly engaged in the development of industrial intelligence and provides integrated informationalized software and equipment for rubber companies. It also operates in the field of automation logistics, Internet of Things, chemical industrial equipment, and new rubber material. The company's product portfolio consists of mixing systems, curing and molding systems, PCR molds, TBR molds, OTR molds, tire building products, material conveying and dosing systems, and others. The company offers its products internationally.

Executives

Yuan Zhong Xue	Director
Zhang Jun Feng	Director
Yang Dian Cai	Executives
Zheng Jiang Jia	Executives
Long Jin Jun	Executives
Lu Li Na	Directors, Directors, and Executives
Liu Feng	Executives
Mao Yan Feng	Executives
Sun Lin	Executives
Zhang Yan	Secretary, Director
Wang Jin Jian	Executives
Wang Jian She	Director
Li Zhi Hua	Director
Zhang Wen Jun	Executives

Mesnac Co Headlines

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