Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) ROCE % : -7.59% (As of Mar. 2024)

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What is Guangdong Orient Zirconic Ind Sic & Tech 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. Guangdong Orient Zirconic Ind Sic & Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.59%.

Guangdong Orient Zirconic Ind Sic & Tech Co ROCE % Historical Data

The historical data trend for Guangdong Orient Zirconic Ind Sic & Tech 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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Guangdong Orient Zirconic Ind Sic & Tech Co ROCE % Chart

Guangdong Orient Zirconic Ind Sic & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-10.45

-8.24

15.30

9.07

-4.20

Guangdong Orient Zirconic Ind Sic & Tech 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															4.35	6.25	-6.54	-19.66	-7.59

Guangdong Orient Zirconic Ind Sic & Tech Co ROCE % Calculation

Guangdong Orient Zirconic Ind Sic & Tech 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 )
	=	-61.994	/	( ( (3131.74 - 1683.685)	+	(3424.26 - 1922.643) )	/ 2 )
	=	-61.994	/	( (1448.055	+	1501.617)	/ 2 )
	=	-61.994	/	1474.836
	=	-4.20 %

Guangdong Orient Zirconic Ind Sic & Tech 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 )
	=	-116.216	/	( ( (3424.26 - 1922.643)	+	(3361.225 - 1800.718) )	/ 2 )
	=	-116.216	/	( ( 1501.617	+	1560.507 )	/ 2 )
	=	-116.216	/	1531.062
	=	-7.59 %

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

Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) 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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Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Orient Zirconic Ind Sic & Tech Co Ltd (SZSE:002167) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yutian Technical Park, Laimei Road, Shantou, Guangdong, CHN, 515821

Website

http://www.orientzr.com

Guangdong Orient Zirconic Ind Sic & Tech Co Ltd operates in the chemical industry. The company is specializing in the research, development, production, and operation of zirconium products. Its main products range include zirconium dioxide, zirconium oxychloride, composite zirconia, zirconium silicate, zirconium sponge and zirconium structural parts. The product applications include nuclear power, special ceramics, artificial gemstones, ceramic glazes and advanced refractory materials.

Executives

Liu Zhi Qiang	Executives
Qiao Zhu Qing	Directors, executives
Feng Li Ming	Directors, executives
Huang Chao Hua	Directors, executives
Chen Chao Dian	Director
Wu Jin Peng	Executives
Jiang Chun	Directors, executives
Yun Wu Jun	Independent director
Chen En Min	Secretary Dong
Chen Ji Cheng	Supervisors
Li Wen Bin	Supervisors

Guangdong Orient Zirconic Ind Sic & Tech Co (SZSE:002167) Headlines

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