Anhui Jiaxian Functional Auxiliary Co (BJSE:430489) ROCE % : 7.26% (As of Mar. 2024)

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What is Anhui Jiaxian Functional Auxiliary 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 Jiaxian Functional Auxiliary Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.26%.

Anhui Jiaxian Functional Auxiliary Co ROCE % Historical Data

The historical data trend for Anhui Jiaxian Functional Auxiliary 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 Jiaxian Functional Auxiliary Co ROCE % Chart

Anhui Jiaxian Functional Auxiliary Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.76

6.38

14.08

13.07

4.59

Anhui Jiaxian Functional Auxiliary 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															9.72	7.10	5.36	-2.94	7.26

Anhui Jiaxian Functional Auxiliary Co ROCE % Calculation

Anhui Jiaxian Functional Auxiliary 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 )
	=	30.711	/	( ( (941.612 - 362.757)	+	(1070.287 - 310.108) )	/ 2 )
	=	30.711	/	( (578.855	+	760.179)	/ 2 )
	=	30.711	/	669.517
	=	4.59 %

Anhui Jiaxian Functional Auxiliary 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 )
	=	55.328	/	( ( (1070.287 - 310.108)	+	(1077.909 - 314.024) )	/ 2 )
	=	55.328	/	( ( 760.179	+	763.885 )	/ 2 )
	=	55.328	/	762.032
	=	7.26 %

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

Anhui Jiaxian Functional Auxiliary Co (BJSE:430489) 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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Anhui Jiaxian Functional Auxiliary Co (BJSE:430489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Jiaxian Functional Auxiliary Co Ltd (BJSE:430489) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 280, Yinhu Road, Mohekou Fine Chemical Industry Park, Huaishang District, Anhui Province, Bengbu City, CHN

Website

http://www.jiaxianchem.com

Anhui Jiaxian Functional Auxiliary Co Ltd engages in the production and sales of new environment-friendly and non-toxic PVC auxiliary heat stabilizers. The company's main products include dibenzoyl methane, stearyl benzoyl methane and stearate, which are widely used in various fields of PVC products, such as PVC profiles, PVC pipe fittings, wires and cables, injection molding products, food packaging, medical products, toys.

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