Fujian Newchoice Pipe Technology Co (SZSE:300198) ROCE % : -7.53% (As of Sep. 2024)

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What is Fujian Newchoice Pipe 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. Fujian Newchoice Pipe Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.53%.

Fujian Newchoice Pipe Technology Co ROCE % Historical Data

The historical data trend for Fujian Newchoice Pipe 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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Fujian Newchoice Pipe Technology Co ROCE % Chart

Fujian Newchoice Pipe Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.67

4.62

-3.87

-9.94

-13.22

Fujian Newchoice Pipe 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															-1.15	-46.18	-5.25	1.92	-7.53

Fujian Newchoice Pipe Technology Co ROCE % Calculation

Fujian Newchoice Pipe 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 )
	=	-219.678	/	( ( (3281.406 - 1478.815)	+	(2832.973 - 1311.473) )	/ 2 )
	=	-219.678	/	( (1802.591	+	1521.5)	/ 2 )
	=	-219.678	/	1662.0455
	=	-13.22 %

Fujian Newchoice Pipe 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 )
	=	-107.564	/	( ( (2759.929 - 1329.58)	+	(2709.689 - 1283.068) )	/ 2 )
	=	-107.564	/	( ( 1430.349	+	1426.621 )	/ 2 )
	=	-107.564	/	1428.485
	=	-7.53 %

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

Fujian Newchoice Pipe Technology Co (SZSE:300198) 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.

Fujian Newchoice Pipe Technology Co ROCE % Related Terms

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Fujian Newchoice Pipe Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fujian Newchoice Pipe Technology Co Ltd (SZSE:300198) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.666 Xiahe Road, 25F,Haiyi Building A, Siming District, Xiamen, CHN, 362000

Website

http://www.nachuan.com

Fujian Newchoice Pipe Technology Co Ltd operates as a high-tech environmental protection industry group in China. Its business covers new energy vehicles, PPP investment construction, and green environmental protection pipes. Its products include High-density polyethylene (HDPE) wound structure wall tube, Steel skeleton polyethylene (PE) plastic composite pipe and FRP sand pipe.

Executives

Zhang Xiao Li	Supervisors
Liu Rong Xuan	Director
Xiao Ren Jian	Directors, executives
Chen Zhi Jiang	Directors, executives
Chen Zhang Quan	Securities Affairs Representative
Cai Qiu Lin	Supervisors
Cai Le Min	Directors, executives
Liu Yu Lin	Director
Fu Yi Ying	Directors, executives
Xu Wan Jiao	Securities Affairs Representative
Yang Hui	Secretary, Director
Wang Li Qun	Executives
Zhang Ping	Executives

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