Hunan Boyun New Materials Co (SZSE:002297) ROCE % : -3.16% (As of Sep. 2024)

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What is Hunan Boyun 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. Hunan Boyun New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.16%.

Hunan Boyun New Materials Co ROCE % Historical Data

The historical data trend for Hunan Boyun 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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Hunan Boyun New Materials Co ROCE % Chart

Hunan Boyun New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.99

3.53

1.89

1.44

1.74

Hunan Boyun 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															2.19	2.45	4.10	-2.10	-3.16

Hunan Boyun New Materials Co ROCE % Calculation

Hunan Boyun 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 )
	=	39.605	/	( ( (2685.958 - 404.097)	+	(2858.765 - 592.433) )	/ 2 )
	=	39.605	/	( (2281.861	+	2266.332)	/ 2 )
	=	39.605	/	2274.0965
	=	1.74 %

Hunan Boyun 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 )
	=	-71.712	/	( ( (2832.082 - 552.876)	+	(2932.943 - 676.304) )	/ 2 )
	=	-71.712	/	( ( 2279.206	+	2256.639 )	/ 2 )
	=	-71.712	/	2267.9225
	=	-3.16 %

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

Hunan Boyun New Materials Co (SZSE:002297) 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.

Hunan Boyun New Materials Co ROCE % Related Terms

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Hunan Boyun New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hunan Boyun New Materials Co Ltd (SZSE:002297) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 500, Lusong Road, High-tech Industrial Development Zone, Yuelu District, Changsha, CHN, 410205

Website

http://www.hnboyun.com.cn

Hunan Boyun New Materials Co Ltd is a China-based company located in Changsha City, Hunan Province engaged in the research, development, and production of friction brake materials and carbon composites. The company is mainly engaged in military and civilian aircraft powder metallurgy and carbon/carbon composite brakes, aerospace and civil carbon/carbon composite products, environmentally-friendly high-performance automotive brake pads, high-performance mold materials, military and civilian aircraft wheels and brake systems, powder Research, development, production and sales of metallurgical equipment and other products. Geographically, the activities are carried out through China.

Executives

Xie Jian Xin	Independent director
Yi Jian Ming	Directors, executives
Li Yong Xia	Executives
Zhang Hong Bo	Executives
Yao Ping Ping	Executives
Shi Wei	Executives
Yi Mao Zhong	Director
He Zheng Chun	Director
Jiang Hui Zhen	Director
Cheng Qiu Ping	Securities Affairs Representative

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