Shaanxi Sirui Advanced Materials Co (SHSE:688102) ROCE % : 9.15% (As of Mar. 2024)

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What is Shaanxi Sirui Advanced 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. Shaanxi Sirui Advanced Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.15%.

Shaanxi Sirui Advanced Materials Co ROCE % Historical Data

The historical data trend for Shaanxi Sirui Advanced 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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Shaanxi Sirui Advanced Materials Co ROCE % Chart

Shaanxi Sirui Advanced Materials Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.51

13.72

10.72

8.35

9.65

Shaanxi Sirui Advanced Materials Co Quarterly Data
	Dec17	Dec18	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															8.15	11.74	6.40	11.67	9.15

Shaanxi Sirui Advanced Materials Co ROCE % Calculation

Shaanxi Sirui Advanced 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 )
	=	121.91	/	( ( (1497.172 - 262.688)	+	(1715.331 - 424.333) )	/ 2 )
	=	121.91	/	( (1234.484	+	1290.998)	/ 2 )
	=	121.91	/	1262.741
	=	9.65 %

Shaanxi Sirui Advanced 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 )
	=	122.18	/	( ( (1715.331 - 424.333)	+	(1875.048 - 494.106) )	/ 2 )
	=	122.18	/	( ( 1290.998	+	1380.942 )	/ 2 )
	=	122.18	/	1335.97
	=	9.15 %

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

Shaanxi Sirui Advanced Materials Co (SHSE:688102) 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.

Shaanxi Sirui Advanced Materials Co ROCE % Related Terms

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Shaanxi Sirui Advanced Materials Co (SHSE:688102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shaanxi Sirui Advanced Materials Co Ltd (SHSE:688102) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 12, Zhangbaqi Road, High-tech Zone, Shaanxi Province, Xi'an, CHN, 710077

Website

https://www.sxsr.com

Shaanxi Sirui Advanced Materials Co Ltd focuses on the research and development and manufacture of high-performance copper alloy materials, products and other special copper alloy series materials.

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