Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) ROCE % : 5.30% (As of Mar. 2024)

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What is Cnnc Hua Yuan Titanium Dioxide 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. Cnnc Hua Yuan Titanium Dioxide Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.30%.

Cnnc Hua Yuan Titanium Dioxide Co ROCE % Historical Data

The historical data trend for Cnnc Hua Yuan Titanium Dioxide 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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Cnnc Hua Yuan Titanium Dioxide Co ROCE % Chart

Cnnc Hua Yuan Titanium Dioxide Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.18

12.66

22.28

10.31

5.22

Cnnc Hua Yuan Titanium Dioxide 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															4.87	4.22	4.70	3.69	5.30

Cnnc Hua Yuan Titanium Dioxide Co ROCE % Calculation

Cnnc Hua Yuan Titanium Dioxide 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 )
	=	552.756	/	( ( (11686.587 - 3901.802)	+	(18535.584 - 5157.699) )	/ 2 )
	=	552.756	/	( (7784.785	+	13377.885)	/ 2 )
	=	552.756	/	10581.335
	=	5.22 %

Cnnc Hua Yuan Titanium Dioxide 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 )
	=	721.224	/	( ( (18535.584 - 5157.699)	+	(19266.186 - 5425.131) )	/ 2 )
	=	721.224	/	( ( 13377.885	+	13841.055 )	/ 2 )
	=	721.224	/	13609.47
	=	5.30 %

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

Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) 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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Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cnnc Hua Yuan Titanium Dioxide Co Ltd (SZSE:002145) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Number 8 Xingfu Road, Zhangjing Industrial Park, Xibei Town, Xishan District, Jiangsu Province, Wuxi, CHN, 214194

Website

http://www.sinotio2.com

Cnnc Hua Yuan Titanium Dioxide Co Ltd engages in the production, marketing, and service of titanium dioxide powder in China and internationally. Its products are used in the coating, printing ink, décor paper/laminate, and plastic industries.

Executives

Shen Xin	Director
Han Yu Chen	Secretary, Director
Yuan Qiu Li	Directors, executives
Hu Yue Han	Director
Mei Ke Chun	Directors, executives
Fan Xi Cheng	Director
Qiu Bei	Directors, executives
You Cui Chun	Directors, executives
Hu Jian Long	Director
Li Jian Feng	Directors, executives
Chen Fu Qiang	Director
Wang Xiong Ya	Supervisors
Jian Fu Ren	Supervisors
Xin Cheng Xiang	Supervisors

Cnnc Hua Yuan Titanium Dioxide Co (SZSE:002145) Headlines

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