Fujian Yuanxiang New Materials Co (SZSE:301300) ROCE % : 8.30% (As of Sep. 2024)

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What is Fujian Yuanxiang New 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. Fujian Yuanxiang New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.30%.

Fujian Yuanxiang New Materials Co ROCE % Historical Data

The historical data trend for Fujian Yuanxiang New 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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Fujian Yuanxiang New Materials Co ROCE % Chart

Fujian Yuanxiang New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.30

37.11

34.32

10.64

4.69

Fujian Yuanxiang New Materials Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.47	3.58	3.51	7.27	8.30

Fujian Yuanxiang New Materials Co ROCE % Calculation

Fujian Yuanxiang New 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 )
	=	39.479	/	( ( (966.92 - 133.01)	+	(1015.494 - 166.024) )	/ 2 )
	=	39.479	/	( (833.91	+	849.47)	/ 2 )
	=	39.479	/	841.69
	=	4.69 %

Fujian Yuanxiang New 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 )
	=	66.856	/	( ( (962.516 - 157.931)	+	(981.836 - 175.339) )	/ 2 )
	=	66.856	/	( ( 804.585	+	806.497 )	/ 2 )
	=	66.856	/	805.541
	=	8.30 %

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

Fujian Yuanxiang New Materials Co (SZSE:301300) 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.

Fujian Yuanxiang New Materials Co ROCE % Related Terms

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Fujian Yuanxiang New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Yuanxiang New Materials Co Ltd (SZSE:301300) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Suburban Industrial Park, Fujian Province, Shaowu, CHN, 354000

Website

http://www.fjyuanxiang.com

Fujian Yuanxiang New Materials Co Ltd is engaged in the research and development, production and sales of precipitated silica.

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