Shenzhen Dynanonic Co (SZSE:300769) ROCE % : -20.44% (As of Dec. 2023)

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What is Shenzhen Dynanonic 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. Shenzhen Dynanonic Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.44%.

Shenzhen Dynanonic Co ROCE % Historical Data

The historical data trend for Shenzhen Dynanonic 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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Shenzhen Dynanonic Co ROCE % Chart

Shenzhen Dynanonic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.65

-1.96

29.20

31.98

-13.56

Shenzhen Dynanonic Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															21.29	-25.19	-8.96	3.81	-20.44

Shenzhen Dynanonic Co ROCE % Calculation

Shenzhen Dynanonic 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 )
	=	-1882.598	/	( ( (29094.244 - 14242.938)	+	(20734.959 - 7814.807) )	/ 2 )
	=	-1882.598	/	( (14851.306	+	12920.152)	/ 2 )
	=	-1882.598	/	13885.729
	=	-13.56 %

Shenzhen Dynanonic Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2856.4	/	( ( (24598.238 - 9564.876)	+	(20734.959 - 7814.807) )	/ 2 )
	=	-2856.4	/	( ( 15033.362	+	12920.152 )	/ 2 )
	=	-2856.4	/	13976.757
	=	-20.44 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Shenzhen Dynanonic Co (SZSE:300769) 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.

Shenzhen Dynanonic Co ROCE % Related Terms

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Shenzhen Dynanonic Co (SZSE:300769) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Dynanonic Co Ltd (SZSE:300769) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3009 Shahe West Road, No.1 Chuangsheng Road, Nanshan District, Shenzhen, CHN, 518055

Website

http://www.dynanonic.com

Shenzhen Dynanonic Co Ltd is a national high-tech enterprise. It is dedicated towards the development of nanomaterials to industrialization, integrating research and development, production and sales of nanomaterials and their applications. The business activities of the group include development, production, and marketing of nano lithium-ion battery materials in China.

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