Malion New Materials Co (SZSE:300586) ROCE % : -0.34% (As of Sep. 2024)

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What is Malion 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. Malion New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.34%.

Malion New Materials Co ROCE % Historical Data

The historical data trend for Malion 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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Malion New Materials Co ROCE % Chart

Malion New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.59

4.95

7.00

27.24

7.90

Malion 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															1.84	3.79	6.46	1.57	-0.34

Malion New Materials Co ROCE % Calculation

Malion 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 )
	=	200.714	/	( ( (3010.622 - 616.197)	+	(3430.931 - 747.161) )	/ 2 )
	=	200.714	/	( (2394.425	+	2683.77)	/ 2 )
	=	200.714	/	2539.0975
	=	7.90 %

Malion 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 )
	=	-10.108	/	( ( (3614.62 - 665.659)	+	(3510.408 - 586.723) )	/ 2 )
	=	-10.108	/	( ( 2948.961	+	2923.685 )	/ 2 )
	=	-10.108	/	2936.323
	=	-0.34 %

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

Malion New Materials Co (SZSE:300586) 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.

Malion New Materials Co ROCE % Related Terms

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Malion New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Malion New Materials Co Ltd (SZSE:300586) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 01 Meilian Road, Guangdong Province, Shantou, CHN, 515064

Website

http://www.malion.cn

Malion New Materials Co Ltd is engaged in manufacturing of masterbatch in China. Its products include white masterbatch, black masterbatch, color masterbatch, additive masterbatch and functional materials. They are widely used in food packaging products, medicine packaging products, personal care products, plastic tubing, engineering plastic, plastic household products, electric wire and cable, consumer products, auto plastic parts, agricultural production and others. The products are distributed to both Chinese and other international markets.

Executives

Duan Wen Yong	Directors, Directors, and Executives
Li Xiao Jie	Supervisors
Zhang Chao Yi	Directors, executives
Zhuo Shu Biao	Directors, executives

Malion New Materials Co Headlines

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