Suzhou Yangtze New Materials Co (SZSE:002652) ROCE % : -0.87% (As of Sep. 2024)

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What is Suzhou Yangtze 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. Suzhou Yangtze New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.87%.

Suzhou Yangtze New Materials Co ROCE % Historical Data

The historical data trend for Suzhou Yangtze 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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Suzhou Yangtze New Materials Co ROCE % Chart

Suzhou Yangtze New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.82

-11.90

-14.39

-8.53

18.59

Suzhou Yangtze 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															1.33	88.30	-1.62	32.01	-0.87

Suzhou Yangtze New Materials Co ROCE % Calculation

Suzhou Yangtze 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 )
	=	45.743	/	( ( (599.298 - 369.561)	+	(565.622 - 303.153) )	/ 2 )
	=	45.743	/	( (229.737	+	262.469)	/ 2 )
	=	45.743	/	246.103
	=	18.59 %

Suzhou Yangtze 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 )
	=	-2.396	/	( ( (486.857 - 208.473)	+	(466.84 - 192.358) )	/ 2 )
	=	-2.396	/	( ( 278.384	+	274.482 )	/ 2 )
	=	-2.396	/	276.433
	=	-0.87 %

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

Suzhou Yangtze New Materials Co (SZSE:002652) 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.

Suzhou Yangtze New Materials Co ROCE % Related Terms

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Suzhou Yangtze New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Suzhou Yangtze New Materials Co Ltd (SZSE:002652) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.218, danfeng road, Suzhou, CHN, 215000

Website

http://www.yzjnm.com/cn

Suzhou Yangtze New Materials Co Ltd is engaged in the manufacturing and distribution of steel coils. Its product portfolio comprises cold rolled steel coil and sheet, hot dipped galvanized steel coil and sheet, pre-painted galvanized steel coil, and anti-static organic color coated steel sheet. The steel coils are mainly used in food processing, hospital, PV manufacturing, electronic and other industries.

Executives

Jin Yue Guo	Directors, executives
Xu Xiao Nan	Executives
Wang Meng Bing	Directors, executives
Yang Jian Ren	Executives
Hu Wei Lin	Director
Qin Chang He	Executives
Bu Jiang	Directors, executives
Gao Tian Shu	Supervisors

Suzhou Yangtze New Materials Co Headlines

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