Qifeng New Material Co (SZSE:002521) ROCE % : 7.18% (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Qifeng New Material 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. Qifeng New Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.18%.

Qifeng New Material Co ROCE % Historical Data

The historical data trend for Qifeng New Material 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.

* Premium members only.

Qifeng New Material Co ROCE % Chart

Qifeng New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.12

5.75

5.71

0.58

8.39

Qifeng New Material 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															0.72	7.48	14.34	11.26	7.18

Qifeng New Material Co ROCE % Calculation

Qifeng New Material 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 )
	=	306.96	/	( ( (4734.936 - 1169.541)	+	(5013.153 - 1264.473) )	/ 2 )
	=	306.96	/	( (3565.395	+	3748.68)	/ 2 )
	=	306.96	/	3657.0375
	=	8.39 %

Qifeng New Material 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 )
	=	270.952	/	( ( (5013.153 - 1264.473)	+	(5171.549 - 1372.022) )	/ 2 )
	=	270.952	/	( ( 3748.68	+	3799.527 )	/ 2 )
	=	270.952	/	3774.1035
	=	7.18 %

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

Qifeng New Material Co (SZSE:002521) 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.

Qifeng New Material Co ROCE % Related Terms

Thank you for viewing the detailed overview of Qifeng New Material Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Qifeng New Material Co (SZSE:002521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Qifeng New Material Co Ltd (SZSE:002521) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 22, Qifeng Road, Zhutai Town, Linzi District, Zibo City, CHN, 255432

Website

http://www.qifeng.cn

Qifeng New Material Co Ltd researches develop, manufactures, and supplies decorative base papers, overlay papers, non-woven wall base papers, and flicker overlay papers in China. It also exports its products to different countries and regions.

Executives

Li An Dong	Directors, executives
Sun Wen Rong	Executives
Yao Yan Lei	Secretary Dong
Zhu Hong Sheng	Directors, executives
Li Wen Hai	Directors, executives
Zhang Shu Fang	Executives
Li Xian Ming	Executives
Li An Le	Executives
Li Xue Feng	Director
Liu Yong Gang	Supervisors
Zhang Ren Fu	Director
Mu Shou Jing	Supervisors
Zhang Xiang Zeng	Director
Li Bing Quan	Directors, executives

Qifeng New Material Co (SZSE:002521) Headlines

No Headlines