Xiangtan Electrochemical Scientific Co (SZSE:002125) ROCE % : 7.07% (As of Mar. 2024)

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What is Xiangtan Electrochemical Scientific 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. Xiangtan Electrochemical Scientific Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.07%.

Xiangtan Electrochemical Scientific Co ROCE % Historical Data

The historical data trend for Xiangtan Electrochemical Scientific 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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Xiangtan Electrochemical Scientific Co ROCE % Chart

Xiangtan Electrochemical Scientific Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.11

5.28

14.65

16.25

12.16

Xiangtan Electrochemical Scientific Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.16	12.49	12.01	15.99	7.07

Xiangtan Electrochemical Scientific Co ROCE % Calculation

Xiangtan Electrochemical Scientific 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 )
	=	435.65	/	( ( (5134.665 - 1693.529)	+	(5017.246 - 1293.698) )	/ 2 )
	=	435.65	/	( (3441.136	+	3723.548)	/ 2 )
	=	435.65	/	3582.342
	=	12.16 %

Xiangtan Electrochemical Scientific Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	266.452	/	( ( (5017.246 - 1293.698)	+	(4866.853 - 1055.647) )	/ 2 )
	=	266.452	/	( ( 3723.548	+	3811.206 )	/ 2 )
	=	266.452	/	3767.377
	=	7.07 %

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

Xiangtan Electrochemical Scientific Co (SZSE:002125) 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.

Xiangtan Electrochemical Scientific Co ROCE % Related Terms

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Xiangtan Electrochemical Scientific Co (SZSE:002125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xiangtan Electrochemical Scientific Co Ltd (SZSE:002125) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Heling Town, Yuhu District, Hunan Province, Xiangtan, CHN, 411131

Website

http://www.chinaemd.com

Xiangtan Electrochemical Scientific Co Ltd is engaged in research, development, production, and sales of manganese dioxide, electrolytic metal manganese, battery materials and other new energy materials. The company is also engaged in production and sales of steam, use of waste heat and pressure of steam to generate electricity; metal materials, lubricants, Sales of petroleum asphalt, chemical products, and building materials.

Executives

Wang Jiong	Supervisors
Ding Jian Qi	Director
Tan Xin Qiao	Directors, executives
Zhou Mi Qun	Supervisors
Zhou Jian	Supervisors

Xiangtan Electrochemical Scientific Co (SZSE:002125) Headlines

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