Sinolong New Materials Co (SZSE:301565) ROCE % : 9.33% (As of Jun. 2024)

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What is Sinolong 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. Sinolong New Materials Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.33%.

Sinolong New Materials Co ROCE % Historical Data

The historical data trend for Sinolong 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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Sinolong New Materials Co ROCE % Chart

Sinolong New Materials Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-7.65

32.99

33.46

23.31

13.57

Sinolong New Materials Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial								12.80	274.67	-253.42	13.42	9.33

Sinolong New Materials Co ROCE % Calculation

Sinolong 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 )
	=	238.359	/	( ( (2595.295 - 951.57)	+	(2855.736 - 986.076) )	/ 2 )
	=	238.359	/	( (1643.725	+	1869.66)	/ 2 )
	=	238.359	/	1756.6925
	=	13.57 %

Sinolong New Materials Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	207.388	/	( ( (2931.655 - 1038.933)	+	(3662.843 - 1110.166) )	/ 2 )
	=	207.388	/	( ( 1892.722	+	2552.677 )	/ 2 )
	=	207.388	/	2222.6995
	=	9.33 %

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

Sinolong New Materials Co (SZSE:301565) 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.

Sinolong New Materials Co ROCE % Related Terms

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Sinolong New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sinolong New Materials Co Ltd (SZSE:301565) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 268-1, Wengjiao Road, Haicang District, Fujian, Xiamen, CHN, 361000

Website

https://www.sinolong.net

Sinolong New Materials Co Ltd is engaged in Research and development, production and sales of functional BOPA film, biodegradable BOPLA film, polyamide 6 (PA6) and other related material products.

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