Guangdong Redwall New Materials Co (SZSE:002809) ROCE % : 2.48% (As of Sep. 2024)

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What is Guangdong Redwall 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. Guangdong Redwall New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.48%.

Guangdong Redwall New Materials Co ROCE % Historical Data

The historical data trend for Guangdong Redwall 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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Guangdong Redwall New Materials Co ROCE % Chart

Guangdong Redwall New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.75

13.75

10.22

7.22

5.27

Guangdong Redwall 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															3.77	4.47	2.81	3.48	2.48

Guangdong Redwall New Materials Co ROCE % Calculation

Guangdong Redwall 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 )
	=	100.076	/	( ( (2007.617 - 397.283)	+	(2440.682 - 252.595) )	/ 2 )
	=	100.076	/	( (1610.334	+	2188.087)	/ 2 )
	=	100.076	/	1899.2105
	=	5.27 %

Guangdong Redwall 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 )
	=	55.936	/	( ( (2514.498 - 276.776)	+	(2574.678 - 296.392) )	/ 2 )
	=	55.936	/	( ( 2237.722	+	2278.286 )	/ 2 )
	=	55.936	/	2258.004
	=	2.48 %

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

Guangdong Redwall New Materials Co (SZSE:002809) 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.

Guangdong Redwall New Materials Co ROCE % Related Terms

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Guangdong Redwall New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Redwall New Materials Co Ltd (SZSE:002809) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Technology Industrial Park, Boluo County, Shiwan Town, Guangdong Province, Huizhou, CHN, 516127

Website

https://www.redwall.com.cn

Guangdong Redwall New Materials Co Ltd engages in the production and sale of concrete admixtures, chemical additives, and special chemicals. Its business activities includes the wholesale of ash and mud. The company offers polycarboxylate superplasticizers, polynaphthalene sulfonate, and Polynaphthalene sulfonate derivatives, slump-keeping agents of polynaphthalene sulfonate, waterproofing admixtures, sodium gluconates.

Executives

Cheng Zhan Sheng	Directors, executives
Zhu Ji Han	Executives
He Yuan Jie	Directors, executives
Wang Gui Ling	Independent director
Liu Lian Jun	Directors, executives
Wu Shang Li	Director
Wang Fu Bin	Supervisors

Guangdong Redwall New Materials Co Headlines

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