Zhejiang Taihua New Material Group Co (SHSE:603055) ROCE % : 11.30% (As of Mar. 2024)

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What is Zhejiang Taihua New Material Group 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. Zhejiang Taihua New Material Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.30%.

Zhejiang Taihua New Material Group Co ROCE % Historical Data

The historical data trend for Zhejiang Taihua New Material Group 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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Zhejiang Taihua New Material Group Co ROCE % Chart

Zhejiang Taihua New Material Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.08

4.86

13.49

7.47

9.29

Zhejiang Taihua New Material Group 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															7.28	8.71	10.30	9.05	11.30

Zhejiang Taihua New Material Group Co ROCE % Calculation

Zhejiang Taihua New Material Group 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 )
	=	567.345	/	( ( (7586.048 - 2124.478)	+	(10559.978 - 3811.49) )	/ 2 )
	=	567.345	/	( (5461.57	+	6748.488)	/ 2 )
	=	567.345	/	6105.029
	=	9.29 %

Zhejiang Taihua New Material Group 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 )
	=	775.336	/	( ( (10559.978 - 3811.49)	+	(10987.085 - 4015.339) )	/ 2 )
	=	775.336	/	( ( 6748.488	+	6971.746 )	/ 2 )
	=	775.336	/	6860.117
	=	11.30 %

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

Zhejiang Taihua New Material Group Co (SHSE:603055) 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.

Zhejiang Taihua New Material Group Co ROCE % Related Terms

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Zhejiang Taihua New Material Group Co (SHSE:603055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Taihua New Material Group Co Ltd (SHSE:603055) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Wangdian Town Industrial Park, Zhejiang Province, Xiuzhou District, Jiaxing, CHN, 314011

Website

http://www.textaihua.com

Zhejiang Taihua New Material Co Ltd is engaged in nylon weaving business. It is primarily involved in the research, development, manufacturing and sales of nylon finished fabric-centred textile materials. The company has three product lines: chemical fibre products, textile products and dyeing and finishing products.

Executives

Ding Zhong Hua	senior management
Li Zeng Hua	senior management
Zhang Zhang Jian	Director
Liu Xiao Yang	Supervisors

Zhejiang Taihua New Material Group Co (SHSE:603055) Headlines

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