Xingye Alloy Materials Group (HKSE:00505) ROCE % : 10.84% (As of Dec. 2023)

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What is Xingye Alloy Materials Group 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. Xingye Alloy Materials Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.84%.

Xingye Alloy Materials Group ROCE % Historical Data

The historical data trend for Xingye Alloy Materials Group'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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Xingye Alloy Materials Group ROCE % Chart

Xingye Alloy Materials Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.95

16.17

26.15

14.83

12.32

Xingye Alloy Materials Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															20.18	17.25	12.97	14.37	10.84

Xingye Alloy Materials Group ROCE % Calculation

Xingye Alloy Materials Group'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 )
	=	279.603	/	( ( (4658.359 - 2481.824)	+	(5074.66 - 2713.833) )	/ 2 )
	=	279.603	/	( (2176.535	+	2360.827)	/ 2 )
	=	279.603	/	2268.681
	=	12.32 %

Xingye Alloy Materials Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	246.106	/	( ( (5040.281 - 2858.364)	+	(5074.66 - 2713.833) )	/ 2 )
	=	246.106	/	( ( 2181.917	+	2360.827 )	/ 2 )
	=	246.106	/	2271.372
	=	10.84 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Xingye Alloy Materials Group (HKSE:00505) 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.

Xingye Alloy Materials Group ROCE % Related Terms

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Xingye Alloy Materials Group (HKSE:00505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xingye Alloy Materials Group Ltd (HKSE:00505) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

37-39 Hung To Road, Flat 11, 11th Floor, Hung Tai Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.xingyealloy.com

Xingye Alloy Materials Group Ltd is an investment holding company engaged in the copper products business. The principal activities of the company are the manufacturing and sales of high-precision copper plates and strips, trading of raw materials, provision of processing services, the management of a portfolio of investment and development, and operation and distribution of internet and mobile gaming products The company generates its revenue from Mainland China, South Korea, Hong Kong, Taiwan, Bangladesh, India, Thailand, and Other countries.

Executives

Hu Changyuan	2101 Beneficial owner
Yu Yuesu	2202 Interest of your spouse
Ma Jiafeng	2201 Interest of corporation controlled by you
Xie Shicai	2201 Interest of corporation controlled by you
Dynamic Empire Holdings Limited	2201 Interest of corporation controlled by you
Come Fortune International Limited	2101 Beneficial owner
Zedra Trust Company (singapore) Limited	2301 Trustee
Bostone Group Limited	2101 Beneficial owner

Xingye Alloy Materials Group (HKSE:00505) Headlines

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