DingZing Advanced Materials (TPE:6585) ROCE % : 17.10% (As of Dec. 2024)

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What is DingZing Advanced Materials 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. DingZing Advanced Materials's annualized ROCE % for the quarter that ended in Dec. 2024 was 17.10%.

DingZing Advanced Materials ROCE % Historical Data

The historical data trend for DingZing Advanced Materials'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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DingZing Advanced Materials ROCE % Chart

DingZing Advanced Materials Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.81

9.69

9.12

13.28

20.72

DingZing Advanced Materials Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															17.65	23.25	25.51	18.20	17.10

DingZing Advanced Materials ROCE % Calculation

DingZing Advanced Materials's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	957.3	/	( ( (5275.731 - 757.459)	+	(5380.573 - 657.601) )	/ 2 )
	=	957.3	/	( (4518.272	+	4722.972)	/ 2 )
	=	957.3	/	4620.622
	=	20.72 %

DingZing Advanced Materials's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	804.848	/	( ( (5354.373 - 663.29)	+	(5380.573 - 657.601) )	/ 2 )
	=	804.848	/	( ( 4691.083	+	4722.972 )	/ 2 )
	=	804.848	/	4707.0275
	=	17.10 %

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

DingZing Advanced Materials (TPE:6585) 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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DingZing Advanced Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DingZing Advanced Materials Inc (TPE:6585) » Definitions » ROCE %

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Address

No.8-1, Pei-Lin Road, Hsiao-Kang District, Kaohsiung, TWN, 81266

Website

https://www.dingzing.com

DingZing Advanced Materials Inc is engaged in the research, development, and production of composite materials and technical films for different industries. The company offers single-substrate polymer films, multi-polymer composites, and multi-substrate composite materials for consumer, professional, and industrial products.

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