Jiangsu Sidike New Materials Science and Technology Co LT (SZSE:300806) ROCE % : 3.32% (As of Sep. 2024)

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What is Jiangsu Sidike New Materials Science and Technology Co LT 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 Sidike New Materials Science and Technology Co LT's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.32%.

Jiangsu Sidike New Materials Science and Technology Co LT ROCE % Historical Data

The historical data trend for Jiangsu Sidike New Materials Science and Technology Co LT'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 Sidike New Materials Science and Technology Co LT ROCE % Chart

Jiangsu Sidike New Materials Science and Technology Co LT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.77

16.21

11.95

6.16

2.42

Jiangsu Sidike New Materials Science and Technology Co LT 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															2.36	-0.36	2.78	2.91	3.32

Jiangsu Sidike New Materials Science and Technology Co LT ROCE % Calculation

Jiangsu Sidike New Materials Science and Technology Co LT'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 )
	=	115.936	/	( ( (6672.769 - 1847.64)	+	(7219.27 - 2463.53) )	/ 2 )
	=	115.936	/	( (4825.129	+	4755.74)	/ 2 )
	=	115.936	/	4790.4345
	=	2.42 %

Jiangsu Sidike New Materials Science and Technology Co LT'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 )
	=	162.88	/	( ( (7302.001 - 2526.772)	+	(7403.561 - 2370.351) )	/ 2 )
	=	162.88	/	( ( 4775.229	+	5033.21 )	/ 2 )
	=	162.88	/	4904.2195
	=	3.32 %

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

Jiangsu Sidike New Materials Science and Technology Co LT (SZSE:300806) 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 Sidike New Materials Science and Technology Co LT ROCE % Related Terms

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Jiangsu Sidike New Materials Science and Technology Co LT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Sidike New Materials Science and Technology Co LT (SZSE:300806) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Shuangyang West Road, Jiangsu Sihong Economic Development Zone, Jiangsu Province, Suqian, CHN

Website

http://www.sidike.com

Jiangsu Sidike New Materials Science and Technology Co LT engages in development, production and sales of functional coating composites. The company produces and sells adhesive tape products, optical film, multi-functional coating composite film; medical equipment, biomedical materials, graphite materials, paper packaging materials among others.

Executives

Yang Bi	Executives
Pan Qiu Jun	Executives
Jin Chuang	Directors, executives
Jiang Xiao Ming	Director
Wu Jiang	Directors, executives
Wang Chao	Executives
Tan Zheng Yong	Supervisors
Wu Xiao Yan	Directors, executives
Zou Na	Executives
Zheng Zhi Ping	Director

Jiangsu Sidike New Materials Science and Technology Co LT Headlines

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