Liao Ning Oxiranchem (SZSE:300082) ROCE % : -2.23% (As of Sep. 2024)

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What is Liao Ning Oxiranchem 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. Liao Ning Oxiranchem's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.23%.

Liao Ning Oxiranchem ROCE % Historical Data

The historical data trend for Liao Ning Oxiranchem'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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Liao Ning Oxiranchem ROCE % Chart

Liao Ning Oxiranchem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.89

15.09

12.31

1.95

-8.45

Liao Ning Oxiranchem 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															-3.50	-16.89	-9.07	-1.44	-2.23

Liao Ning Oxiranchem ROCE % Calculation

Liao Ning Oxiranchem'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 )
	=	-302.116	/	( ( (6416.453 - 2708.456)	+	(5516.259 - 2075.484) )	/ 2 )
	=	-302.116	/	( (3707.997	+	3440.775)	/ 2 )
	=	-302.116	/	3574.386
	=	-8.45 %

Liao Ning Oxiranchem'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 )
	=	-74.204	/	( ( (5522.053 - 2201.393)	+	(5399.817 - 2067.24) )	/ 2 )
	=	-74.204	/	( ( 3320.66	+	3332.577 )	/ 2 )
	=	-74.204	/	3326.6185
	=	-2.23 %

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

Liao Ning Oxiranchem (SZSE:300082) 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.

Liao Ning Oxiranchem ROCE % Related Terms

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Liao Ning Oxiranchem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Liao Ning Oxiranchem Inc (SZSE:300082) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern ring road on the 29th, Hongwei District, Liaoning Province, Liaoyang, CHN, 111003

Website

http://www.oxiranchem.com

Liao Ning Oxiranchem Inc is a high-tech industrial company. It is engaged in the research, production, and sale of ethylene oxide derivative fine chemicals. Its products include crystalline silicon cutting liquid for the photovoltaic industry, water reducing agent for high-performance cement, and polyethylene glycol.

Executives

Xu Xiu Yun	Executives
Zhu Zong Jiang	Executives
Wang Shu Bo	Executives
Huang Jian Jun	Directors, executives
Song En Jun	Director
Zhang Wei Min	Securities Affairs Representative
Liu Zhao Bin	Director
Dong Zhen Peng	Directors, executives
Zhu Jian Min	Director
Jin Lian Hai	Supervisors
Tan Wen Hua	Supervisors

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