Ningbo Runhe High-Tech Materials Co (SZSE:300727) ROCE % : 12.20% (As of Sep. 2024)

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What is Ningbo Runhe High-Tech 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. Ningbo Runhe High-Tech Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.20%.

Ningbo Runhe High-Tech Materials Co ROCE % Historical Data

The historical data trend for Ningbo Runhe High-Tech 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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Ningbo Runhe High-Tech Materials Co ROCE % Chart

Ningbo Runhe High-Tech Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.50

10.97

16.75

12.48

9.54

Ningbo Runhe High-Tech 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															10.97	9.43	9.39	9.55	12.20

Ningbo Runhe High-Tech Materials Co ROCE % Calculation

Ningbo Runhe High-Tech 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 )
	=	107.078	/	( ( (1444.166 - 361.951)	+	(1605.171 - 442.606) )	/ 2 )
	=	107.078	/	( (1082.215	+	1162.565)	/ 2 )
	=	107.078	/	1122.39
	=	9.54 %

Ningbo Runhe High-Tech 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 )
	=	147.264	/	( ( (1576.64 - 386.474)	+	(1692.324 - 468.848) )	/ 2 )
	=	147.264	/	( ( 1190.166	+	1223.476 )	/ 2 )
	=	147.264	/	1206.821
	=	12.20 %

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

Ningbo Runhe High-Tech Materials Co (SZSE:300727) 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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Ningbo Runhe High-Tech Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Runhe High-Tech Materials Co Ltd (SZSE:300727) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168 Jinhai Road, Binihai Zone, South of Ninghai, Zhejiang Province, Ningbo, CHN, 315632

Website

http://www.chinarunhe.com

Ningbo Runhe High-Tech Materials Co Ltd is a China-based company is mainly engaged in the developing and manufacture all kinds of textile auxiliaries. Its product line includes silicone oil, fabric finishing agent, pre-treatment agent, dyeing auxiliaries, soft flake, silicone rubber, silicone resin, a silicone surfactant, and other related products.

Executives

Yu Cai Juan	Executives
Cheng Yan	Director

Ningbo Runhe High-Tech Materials Co Headlines

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