Jiangsu Changhai Composite Materials Co (SZSE:300196) ROCE % : 4.72% (As of Mar. 2024)

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What is Jiangsu Changhai Composite Materials 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. Jiangsu Changhai Composite Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.72%.

Jiangsu Changhai Composite Materials Co ROCE % Historical Data

The historical data trend for Jiangsu Changhai Composite Materials 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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Jiangsu Changhai Composite Materials Co ROCE % Chart

Jiangsu Changhai Composite Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.51

9.99

17.76

19.12

7.14

Jiangsu Changhai Composite Materials 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															7.99	11.96	6.97	1.66	4.72

Jiangsu Changhai Composite Materials Co ROCE % Calculation

Jiangsu Changhai Composite Materials 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 )
	=	373.285	/	( ( (5569.068 - 611.738)	+	(6313.786 - 813.623) )	/ 2 )
	=	373.285	/	( (4957.33	+	5500.163)	/ 2 )
	=	373.285	/	5228.7465
	=	7.14 %

Jiangsu Changhai Composite Materials 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 )
	=	260.828	/	( ( (6313.786 - 813.623)	+	(6673.577 - 1123.894) )	/ 2 )
	=	260.828	/	( ( 5500.163	+	5549.683 )	/ 2 )
	=	260.828	/	5524.923
	=	4.72 %

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

Jiangsu Changhai Composite Materials Co (SZSE:300196) 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.

Jiangsu Changhai Composite Materials Co ROCE % Related Terms

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Jiangsu Changhai Composite Materials Co (SZSE:300196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Changhai Composite Materials Co Ltd (SZSE:300196) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Changzhou, Changzhou, CHN, 213102

Website

http://www.changhaigfrp.com

Jiangsu Changhai Composite Materials Co Ltd is engaged in the scientific research, product development, production, sales and service of fiberglass-based composite materials. Its product lines include fiberglass reinforcements, non-woven fiberglass tissues, and gypsum wallboard coverings, covering all kinds of fiberglass roving, chopped strand mat, woven roving, fiberglass mesh, roofing tissue, surfacing veil, flooring tissue, pipe tissue, carpet tile tissue, battery separator, and gypsum wallboard coverings.

Executives

Qi Ji Xing	Directors, executives
Zhou Yuan Long	Directors, executives
Yang Guo Wen	Director
Shao Jun	Director
Yang Peng Wei	Directors, executives
Yang Feng Qin	Director
Xu Yao Xin	Supervisors
Zhang Zhong	Supervisors

Jiangsu Changhai Composite Materials Co (SZSE:300196) Headlines

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