Miracll Chemicals Co (SZSE:300848) ROCE % : 3.46% (As of Sep. 2024)

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What is Miracll Chemicals 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. Miracll Chemicals Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.46%.

Miracll Chemicals Co ROCE % Historical Data

The historical data trend for Miracll Chemicals 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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Miracll Chemicals Co ROCE % Chart

Miracll Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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40.97

21.95

15.22

10.43

5.50

Miracll Chemicals 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															5.02	1.52	2.71	3.54	3.46

Miracll Chemicals Co ROCE % Calculation

Miracll Chemicals 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 )
	=	96.689	/	( ( (1915.078 - 652.035)	+	(3354.946 - 1099.991) )	/ 2 )
	=	96.689	/	( (1263.043	+	2254.955)	/ 2 )
	=	96.689	/	1758.999
	=	5.50 %

Miracll Chemicals 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 )
	=	91.492	/	( ( (3667.832 - 1083.168)	+	(3847.041 - 1147.986) )	/ 2 )
	=	91.492	/	( ( 2584.664	+	2699.055 )	/ 2 )
	=	91.492	/	2641.8595
	=	3.46 %

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

Miracll Chemicals Co (SZSE:300848) 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.

Miracll Chemicals Co ROCE % Related Terms

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Miracll Chemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Miracll Chemicals Co Ltd (SZSE:300848) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Changsha Street, Development Zone, Shandong Province, Yantai, CHN, 264006

Website

http://www.miracll.com

Miracll Chemicals Co Ltd is engaged in production and sales of thermoplastic polyurethane elastomer (TPU). The company's products include Mirathane E; M; L;C; H; A; F; S; V; I; G series; Mirathane Modified; PEBA Series; PBA series; PEA series; and PHA Series.

Executives

Ren Guang Lei	Director
Zhang Sheng	Directors, executives

Miracll Chemicals Co Headlines

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