Xinxiang Chemical Fibre Co (SZSE:000949) ROCE % : 5.16% (As of Mar. 2024)

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What is Xinxiang Chemical Fibre 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. Xinxiang Chemical Fibre Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.16%.

Xinxiang Chemical Fibre Co ROCE % Historical Data

The historical data trend for Xinxiang Chemical Fibre 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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Xinxiang Chemical Fibre Co ROCE % Chart

Xinxiang Chemical Fibre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.33

4.31

26.73

-5.77

1.89

Xinxiang Chemical Fibre 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															2.80	0.67	2.32	1.49	5.16

Xinxiang Chemical Fibre Co ROCE % Calculation

Xinxiang Chemical Fibre 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 )
	=	154.275	/	( ( (11185.534 - 3049.548)	+	(11993.241 - 3821.047) )	/ 2 )
	=	154.275	/	( (8135.986	+	8172.194)	/ 2 )
	=	154.275	/	8154.09
	=	1.89 %

Xinxiang Chemical Fibre 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 )
	=	426.7	/	( ( (11993.241 - 3821.047)	+	(12265.446 - 3907.256) )	/ 2 )
	=	426.7	/	( ( 8172.194	+	8358.19 )	/ 2 )
	=	426.7	/	8265.192
	=	5.16 %

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

Xinxiang Chemical Fibre Co (SZSE:000949) 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.

Xinxiang Chemical Fibre Co ROCE % Related Terms

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Xinxiang Chemical Fibre Co (SZSE:000949) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinxiang Chemical Fibre Co Ltd (SZSE:000949) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

South side of Xinchang Road, Economic and Technological Development Zone, Henan, Xinxiang, CHN, 453006

Website

http://www.bailu.com

Xinxiang Chemical Fibre Co Ltd specializes in producing chemical fiber textile raw materials in China. Their main products are centrifugal viscose rayon filament yarn, continuous viscose rayon filament yarn, viscose staple fiber, and polyester. The company's products are not only sold in the Chinese market but also exported to more than 30 countries and regions such as Germany, Italy, Japan, South Korea and India.

Executives

Zhu Xue Xin	Supervisors
Chen Xi An	Executives
Lu Wei	Executives
Zhang Jia Qi	Directors, executives
Wang Wen Xin	Director
Shao Zhang Jin	Director
Ji Yu Dong	Directors, executives
Feng Li Ping	Executives
Yue Sheng Li	Director
Zhou Xue Li	Executives
Song De Shun	Executives
Cao Jun You	Executives
Xiao Shu Bin	Director
Zhou Jian Hua	Supervisors
Jia Bao Liang	Directors, executives

Xinxiang Chemical Fibre Co (SZSE:000949) Headlines

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