Hubei Forbon Technology Co (SZSE:300387) ROCE % : 7.56% (As of Sep. 2024)

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What is Hubei Forbon 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. Hubei Forbon Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.56%.

Hubei Forbon Technology Co ROCE % Historical Data

The historical data trend for Hubei Forbon 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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Hubei Forbon Technology Co ROCE % Chart

Hubei Forbon Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.45

6.49

4.20

5.90

6.47

Hubei Forbon 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															8.49	4.85	10.11	13.74	7.56

Hubei Forbon Technology Co ROCE % Calculation

Hubei Forbon 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 )
	=	98.92	/	( ( (1705.232 - 290.05)	+	(1939.726 - 297.958) )	/ 2 )
	=	98.92	/	( (1415.182	+	1641.768)	/ 2 )
	=	98.92	/	1528.475
	=	6.47 %

Hubei Forbon 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 )
	=	121.868	/	( ( (1921.602 - 325.188)	+	(1942.092 - 313.272) )	/ 2 )
	=	121.868	/	( ( 1596.414	+	1628.82 )	/ 2 )
	=	121.868	/	1612.617
	=	7.56 %

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

Hubei Forbon Technology Co (SZSE:300387) 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.

Hubei Forbon Technology Co ROCE % Related Terms

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Hubei Forbon Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Hubei Forbon Technology Co Ltd (SZSE:300387) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288, Shendun 3rd Road, East Lake New Development Zone, Wuhan, CHN, 432400

Website

https://www.forbon.com

Hubei Forbon Technology Co Ltd is a chemical company. It provides anti-caking agents, multifunctional parcel agents, granulation improvers, phosphate rock flotation agents, such as collecting agents, regulators, foaming agents, multi-functional wraps, granulation Good agent, phosphate ore flotation agent, slow release materials, defoamer, sedimentation agent, flocculant, evaporation aid, scale inhibitor.

Executives

Fang Sheng Ling	Director
Zhou Zhi Bin	Executives
Yan Wei	Executives
Yi Min	Securities Affairs Representative
Feng Jia Wei	Executives
Ruan Zi Bin	Executives
Wang Ren Zong	Directors, executives
Ding Jian Jun	Executives
Nie Zhi Hong	Executives
Wan Gang	Secretary Dong

Hubei Forbon Technology Co Headlines

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