Hubei Feilihua Quartz Glass Co (SZSE:300395) ROCE % : 5.42% (As of Sep. 2024)

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What is Hubei Feilihua Quartz Glass 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 Feilihua Quartz Glass Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.42%.

Hubei Feilihua Quartz Glass Co ROCE % Historical Data

The historical data trend for Hubei Feilihua Quartz Glass 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 Feilihua Quartz Glass Co ROCE % Chart

Hubei Feilihua Quartz Glass Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.40

13.26

17.23

17.61

15.19

Hubei Feilihua Quartz Glass 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															13.35	13.70	7.85	8.87	5.42

Hubei Feilihua Quartz Glass Co ROCE % Calculation

Hubei Feilihua Quartz Glass 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 )
	=	648.193	/	( ( (4324.878 - 650.146)	+	(5915.013 - 1054.875) )	/ 2 )
	=	648.193	/	( (3674.732	+	4860.138)	/ 2 )
	=	648.193	/	4267.435
	=	15.19 %

Hubei Feilihua Quartz Glass 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 )
	=	272.024	/	( ( (5960.874 - 982.672)	+	(6088.665 - 1025.905) )	/ 2 )
	=	272.024	/	( ( 4978.202	+	5062.76 )	/ 2 )
	=	272.024	/	5020.481
	=	5.42 %

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

Hubei Feilihua Quartz Glass Co (SZSE:300395) 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.

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Hubei Feilihua Quartz Glass Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Feilihua Quartz Glass Co Ltd (SZSE:300395) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Dongfang Avenue, Jingzhou, CHN, 434001

Website

http://www.feilihua.com

Hubei Feilihua Quartz Glass Co Ltd is engaged in the manufacturing and selling of quartz material and quartz fiber products. The company's products are mainly used in the area of semiconductors, optical communications, optical, and aerospace.

Executives

Shang Chun Li	Director
Wei Xue Bing	Executives
Zhou Sheng Gao	Directors, executives
Cai Shao Xue	Directors, executives
Zheng Wei	Secretary, Director
Sun Kai	Director
Lu Xiao Hui	Director
Wu Xue Min	Director
Xu Yan	Executives
Wu Jian	Director
Li Zai Rong	Supervisors
Wang Zhen Yu	Securities Affairs Representative
Ma Cheng Dou	Supervisors
Tu Qian Yue	Directors, executives

Hubei Feilihua Quartz Glass Co Headlines

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