Anhui Annada Titanium Industry Co (SZSE:002136) ROCE % : 4.17% (As of Mar. 2024)

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What is Anhui Annada Titanium Industry 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. Anhui Annada Titanium Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.17%.

Anhui Annada Titanium Industry Co ROCE % Historical Data

The historical data trend for Anhui Annada Titanium Industry 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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Anhui Annada Titanium Industry Co ROCE % Chart

Anhui Annada Titanium Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.33

9.89

24.45

33.93

3.82

Anhui Annada Titanium Industry 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															12.22	7.60	7.81	-12.39	4.17

Anhui Annada Titanium Industry Co ROCE % Calculation

Anhui Annada Titanium Industry 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 )
	=	53.625	/	( ( (1911.827 - 527.092)	+	(2011.11 - 589.784) )	/ 2 )
	=	53.625	/	( (1384.735	+	1421.326)	/ 2 )
	=	53.625	/	1403.0305
	=	3.82 %

Anhui Annada Titanium Industry 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 )
	=	59.46	/	( ( (2011.11 - 589.784)	+	(2038.61 - 606.194) )	/ 2 )
	=	59.46	/	( ( 1421.326	+	1432.416 )	/ 2 )
	=	59.46	/	1426.871
	=	4.17 %

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

Anhui Annada Titanium Industry Co (SZSE:002136) 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.

Anhui Annada Titanium Industry Co ROCE % Related Terms

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Anhui Annada Titanium Industry Co (SZSE:002136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Annada Titanium Industry Co Ltd (SZSE:002136) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1288 Tong Guan Avenue South Section, Anhui Province, Tongling, CHN, 244001

Website

http://www.andty.com

Anhui Annada Titanium Industry Co Ltd operates in chemical raw materials and chemical manufacturing industry. The company is engaged in production and sales of titanium dioxide products.

Executives

Hong Yan	Securities Affairs Representative
Ma Su An	Director
Yao Cheng Kuan	Supervisors
Zhang Jun	Executives
Jiang Yue Ping	Executives
Dong Ze You	Executives
Wang Xian Long	Executives
Qu You Hong	Executives
Huang Hua Feng	Director

Anhui Annada Titanium Industry Co (SZSE:002136) Headlines

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