Xinjiang Zhongtai Chemical Co (SZSE:002092) ROCE % : 0.13% (As of Mar. 2024)

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What is Xinjiang Zhongtai Chemical 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. Xinjiang Zhongtai Chemical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.13%.

Xinjiang Zhongtai Chemical Co ROCE % Historical Data

The historical data trend for Xinjiang Zhongtai Chemical 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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Xinjiang Zhongtai Chemical Co ROCE % Chart

Xinjiang Zhongtai Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.54

4.01

13.16

5.77

-4.56

Xinjiang Zhongtai Chemical 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															-1.49	-4.70	-0.04	-11.97	0.13

Xinjiang Zhongtai Chemical Co ROCE % Calculation

Xinjiang Zhongtai Chemical 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 )
	=	-2044.91	/	( ( (80465.148 - 33679.797)	+	(72530.49 - 29540.037) )	/ 2 )
	=	-2044.91	/	( (46785.351	+	42990.453)	/ 2 )
	=	-2044.91	/	44887.902
	=	-4.56 %

Xinjiang Zhongtai Chemical 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 )
	=	55.364	/	( ( (72530.49 - 29540.037)	+	(72527.118 - 31047.072) )	/ 2 )
	=	55.364	/	( ( 42990.453	+	41480.046 )	/ 2 )
	=	55.364	/	42235.2495
	=	0.13 %

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

Xinjiang Zhongtai Chemical Co (SZSE:002092) 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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Xinjiang Zhongtai Chemical Co (SZSE:002092) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinjiang Zhongtai Chemical Co Ltd (SZSE:002092) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 39 Yangcheng Lake Road, Urumqi Economic and Technological Development Zone, Toutunhe, CHN, 830026

Website

http://www.zthx.com

Xinjiang Zhongtai Chemical Co Ltd is a large integrated chemical manufacturing company. It produces chlor-alkali, crude salt, calcium carbide, and coke products. Its primary geographic markets are Xinjiang, East China and the Southern part of China. The company also exports its products to Russia, South Asia such as India, Vietnam, Pakistan, South America and Africa.

Executives

Zhao Yong Lu	Supervisors
Wang Ya Ling	Executives
Liang Bin	Director
Lei Xia	Executives
Feng Zhao Hai	Supervisors
Hao Zhen Yu	Independent director
Ma Jiang Feng	Executives
Tang Xiang Jun	Supervisors
Peng Jiang Ling	Executives
Zhang Qun Rong	Executives
Fan Xue Feng	Executives
Lou Gang	Director
Zhang Su Quan	Director
Liu Wen Xian	Executives
Zheng Xin Zhou	Directors, executives

Xinjiang Zhongtai Chemical Co (SZSE:002092) Headlines

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