Jiangsu HSC New Energy Materials Co (SHSE:688353) ROCE % : -1.70% (As of Mar. 2024)

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What is Jiangsu HSC New Energy 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 HSC New Energy Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.70%.

Jiangsu HSC New Energy Materials Co ROCE % Historical Data

The historical data trend for Jiangsu HSC New Energy 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 HSC New Energy Materials Co ROCE % Chart

Jiangsu HSC New Energy Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.02

16.72

57.41

11.81

-0.95

Jiangsu HSC New Energy Materials Co Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													1.15	0.75	0.29	-6.02	-1.70

Jiangsu HSC New Energy Materials Co ROCE % Calculation

Jiangsu HSC New Energy 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 )
	=	-38.092	/	( ( (4538.718 - 498.205)	+	(4421.769 - 447.016) )	/ 2 )
	=	-38.092	/	( (4040.513	+	3974.753)	/ 2 )
	=	-38.092	/	4007.633
	=	-0.95 %

Jiangsu HSC New Energy 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 )
	=	-67.616	/	( ( (4421.769 - 447.016)	+	(4281.093 - 324.346) )	/ 2 )
	=	-67.616	/	( ( 3974.753	+	3956.747 )	/ 2 )
	=	-67.616	/	3965.75
	=	-1.70 %

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

Jiangsu HSC New Energy Materials Co (SHSE:688353) 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 HSC New Energy Materials Co ROCE % Related Terms

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Jiangsu HSC New Energy Materials Co (SHSE:688353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu HSC New Energy Materials Co Ltd (SHSE:688353) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 10 Qinghai Road, Yangtze River International Chemical Industrial Park, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.sinohsc.com

Jiangsu HSC New Energy Materials Co Ltd is engaged in the production and sales of lithium battery electrolyte additives. The company's products mainly include two series of electronic chemicals and special silicones. In the field of electronic chemicals, the company supplies vinylene carbonate (VC) and fluoroethylene carbonate (FEC) in the market. The products are widely used in new energy vehicles, electric two-wheelers, power tools, UPS power supplies, mobile base station power supply, photovoltaic power station, 3C products and other fields. In the field of special silicones, the company manufacturers the technology of non-phosgene production of isocyanate silanes.

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