Jiangsu Huaxin New Material Co (SZSE:300717) ROCE % : 7.72% (As of Mar. 2024)

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What is Jiangsu Huaxin New Material 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. Jiangsu Huaxin New Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.72%.

Jiangsu Huaxin New Material Co ROCE % Historical Data

The historical data trend for Jiangsu Huaxin New Material 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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Jiangsu Huaxin New Material Co ROCE % Chart

Jiangsu Huaxin New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.36

6.90

3.73

6.72

7.18

Jiangsu Huaxin New Material Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.85	7.52	6.23	9.23	7.72

Jiangsu Huaxin New Material Co ROCE % Calculation

Jiangsu Huaxin New Material 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 )
	=	49.021	/	( ( (764.224 - 93.098)	+	(768.808 - 73.942) )	/ 2 )
	=	49.021	/	( (671.126	+	694.866)	/ 2 )
	=	49.021	/	682.996
	=	7.18 %

Jiangsu Huaxin New Material Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	54.044	/	( ( (768.808 - 73.942)	+	(770.881 - 65.768) )	/ 2 )
	=	54.044	/	( ( 694.866	+	705.113 )	/ 2 )
	=	54.044	/	699.9895
	=	7.72 %

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

Jiangsu Huaxin New Material Co (SZSE:300717) 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.

Jiangsu Huaxin New Material Co ROCE % Related Terms

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Jiangsu Huaxin New Material Co (SZSE:300717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Huaxin New Material Co Ltd (SZSE:300717) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 189, Daqiao East Road, Xinyi, Taipei, CHN, 221416

Website

http://www.huaxinchina.cc

Jiangsu Huaxin New Material Co Ltd manufactures plastic products. The Company designs, produces, and markets smart card substrate and functional plastic films. Its products include PETG, PVC, PVC/ABS blend, bio-degradable PHA, and medical films; coated overlays; digital printing materials; and PET and PC card materials, as well as coated PVC for etching antennas. The company offers its products for use in various industries, including finance, transport, medical treatment, electronic information, social security, decoration, packaging.

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