Wuxi Honghui New Materials Technology Co (SZSE:002802) ROCE % : 12.33% (As of Sep. 2024)

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What is Wuxi Honghui New Materials Technology 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. Wuxi Honghui New Materials Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.33%.

Wuxi Honghui New Materials Technology Co ROCE % Historical Data

The historical data trend for Wuxi Honghui New Materials Technology 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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Wuxi Honghui New Materials Technology Co ROCE % Chart

Wuxi Honghui New Materials Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.14

18.33

16.15

14.50

8.84

Wuxi Honghui New Materials Technology 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															8.40	10.01	2.76	16.25	12.33

Wuxi Honghui New Materials Technology Co ROCE % Calculation

Wuxi Honghui New Materials Technology 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 )
	=	60.77	/	( ( (747.804 - 46.918)	+	(721.281 - 47.257) )	/ 2 )
	=	60.77	/	( (700.886	+	674.024)	/ 2 )
	=	60.77	/	687.455
	=	8.84 %

Wuxi Honghui New Materials Technology 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 )
	=	78.48	/	( ( (728.747 - 97.473)	+	(704.144 - 61.968) )	/ 2 )
	=	78.48	/	( ( 631.274	+	642.176 )	/ 2 )
	=	78.48	/	636.725
	=	12.33 %

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

Wuxi Honghui New Materials Technology Co (SZSE:002802) 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.

Wuxi Honghui New Materials Technology Co ROCE % Related Terms

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Wuxi Honghui New Materials Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wuxi Honghui New Materials Technology Co Ltd (SZSE:002802) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

New Material Industrial Park, Donggang Town, Xishan District, Xishan District, Jiangsu Province, Wuxi, CHN, 214196

Website

http://www.wuxihonghui.com

Wuxi Honghui New Materials Technology Co Ltd is engaged in research and development, manufacturing and marketing of vinyl chloride-vinyl acetate copolymer resin and vinyl chloride copolymer emulsion products. Its products are widely used in industries such as inks, paint, coating, colour chips, record compounds, magnetic card base material, adhesives and plastic particles.

Executives

Sun Ling	Executives
Sun Jian Jun	Executives
Ma Tian Yuan	Executives
Jiang Hai Dong	Supervisors
Li Zhuan Yuan	Directors, Directors, and Executives
Xiang Hong Wei	Directors, executives
Hua Li Kang	Supervisors
Yue Xi Zhu	Executives
Chen Jian Nan	Executives

Wuxi Honghui New Materials Technology Co Headlines

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