Zhejiang Yangfan New Materials Co (SZSE:300637) ROCE % : -2.07% (As of Sep. 2024)

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What is Zhejiang Yangfan 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. Zhejiang Yangfan New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.07%.

Zhejiang Yangfan New Materials Co ROCE % Historical Data

The historical data trend for Zhejiang Yangfan 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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Zhejiang Yangfan New Materials Co ROCE % Chart

Zhejiang Yangfan New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.78

4.80

2.30

2.01

-8.45

Zhejiang Yangfan 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															0.20	-36.58	-6.18	-2.41	-2.07

Zhejiang Yangfan New Materials Co ROCE % Calculation

Zhejiang Yangfan 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 )
	=	-77.167	/	( ( (1389.43 - 409.877)	+	(1324.949 - 477.355) )	/ 2 )
	=	-77.167	/	( (979.553	+	847.594)	/ 2 )
	=	-77.167	/	913.5735
	=	-8.45 %

Zhejiang Yangfan 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 )
	=	-15.68	/	( ( (1318.691 - 570.351)	+	(1336.335 - 572.599) )	/ 2 )
	=	-15.68	/	( ( 748.34	+	763.736 )	/ 2 )
	=	-15.68	/	756.038
	=	-2.07 %

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

Zhejiang Yangfan New Materials Co (SZSE:300637) 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.

Zhejiang Yangfan New Materials Co ROCE % Related Terms

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Zhejiang Yangfan New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Yangfan New Materials Co Ltd (SZSE:300637) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shangyu Economic and Technological Development Zone, Zhejiang Province, Shaoxing, CHN, 312300

Website

http://www.zjyfxc.com

Zhejiang Yangfan New Materials Co Ltd is engaged in research and development, manufacture and sales of UV curing products, sulfur-containing fine chemicals, and related new materials. Its product line includes phosphorous acid, hydrobromic acid, the photoinitiator, and more.

Executives

Tao Ming	Executives
Fan Xiang Dong	Director, Director, Representative of Securities A
Liu Hui	Executives
Shang Guan Yun Ming	Executives
Zhu Jun Fei	Executives
Fan Pei Ren	Director
Tao Li Qin	Independent director
Li Jun	Supervisors
Wu Hong Hui	Executives
Li Yao Tu	Directors, executives

Zhejiang Yangfan New Materials Co Headlines

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