Sinofibers Technology Co (SZSE:300777) ROCE % : 5.38% (As of Mar. 2024)

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What is Sinofibers Technology 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. Sinofibers Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.38%.

Sinofibers Technology Co ROCE % Historical Data

The historical data trend for Sinofibers Technology 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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Sinofibers Technology Co ROCE % Chart

Sinofibers Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.72

23.75

17.30

20.43

6.42

Sinofibers Technology 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															15.12	4.93	3.00	2.69	5.38

Sinofibers Technology Co ROCE % Calculation

Sinofibers Technology 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 )
	=	266.523	/	( ( (4524.561 - 470.964)	+	(4406.705 - 163.509) )	/ 2 )
	=	266.523	/	( (4053.597	+	4243.196)	/ 2 )
	=	266.523	/	4148.3965
	=	6.42 %

Sinofibers Technology 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 )
	=	229.644	/	( ( (4406.705 - 163.509)	+	(4442.125 - 140.976) )	/ 2 )
	=	229.644	/	( ( 4243.196	+	4301.149 )	/ 2 )
	=	229.644	/	4272.1725
	=	5.38 %

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

Sinofibers Technology Co (SZSE:300777) 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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Sinofibers Technology Co (SZSE:300777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sinofibers Technology Co Ltd (SZSE:300777) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 6, Xingfeng Road, Xinbei District, Jiangsu, Changzhou, CHN

Website

Sinofibers Technology Co Ltd is a China based company engaged in the manufacturing of Chemical fiber.

Executives

Shen Ju Qin	Independent director
Huang Xiao Jun	Supervisors
Yang Yong Gang	Director
Ceng Wen Lin	Director
Li Hui	Executives
Fan Jun Liang	Executives
Wen Yue Fang	Directors, executives
Hu Pei Xian	Supervisors

Sinofibers Technology Co (SZSE:300777) Headlines

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