Xinyaqiang Silicon Chemistry Co (SHSE:603155) ROCE % : 5.21% (As of Mar. 2024)

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What is Xinyaqiang Silicon Chemistry 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. Xinyaqiang Silicon Chemistry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.21%.

Xinyaqiang Silicon Chemistry Co ROCE % Historical Data

The historical data trend for Xinyaqiang Silicon Chemistry 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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Xinyaqiang Silicon Chemistry Co ROCE % Chart

Xinyaqiang Silicon Chemistry Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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42.47

13.81

17.68

14.93

5.92

Xinyaqiang Silicon Chemistry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.22	8.98	3.78	0.33	5.21

Xinyaqiang Silicon Chemistry Co ROCE % Calculation

Xinyaqiang Silicon Chemistry 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 )
	=	141.923	/	( ( (2705.164 - 270.479)	+	(2534.323 - 171.348) )	/ 2 )
	=	141.923	/	( (2434.685	+	2362.975)	/ 2 )
	=	141.923	/	2398.83
	=	5.92 %

Xinyaqiang Silicon Chemistry Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	123.94	/	( ( (2534.323 - 171.348)	+	(2581.802 - 186.07) )	/ 2 )
	=	123.94	/	( ( 2362.975	+	2395.732 )	/ 2 )
	=	123.94	/	2379.3535
	=	5.21 %

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

Xinyaqiang Silicon Chemistry Co (SHSE:603155) 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.

Xinyaqiang Silicon Chemistry Co ROCE % Related Terms

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Xinyaqiang Silicon Chemistry Co (SHSE:603155) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinyaqiang Silicon Chemistry Co Ltd (SHSE:603155) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2, Yangzi Road, Suqian Ecological Chemical Technology Industrial Park, Jiangsu Province, Suqian, CHN, 223809

Website

http://www.newasiaman.com

Xinyaqiang Silicon Chemistry Co Ltd is engaged in production and sales of organic silicon fine chemicals. The company's products include Iodotrimethylsilane, Chlorotrimethylsilane, Dimethoxydimethylsilane, Dichlorodimethylsilane, Trimethylethoxysilane, among others.

Executives

Pan Yi Ning	senior management
Chu Ya Xian	Director
Chu Lin	Director
Chu Ya Jun	Director

Xinyaqiang Silicon Chemistry Co (SHSE:603155) Headlines

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