Anhui Guofeng New Materials Co (SZSE:000859) ROCE % : -2.99% (As of Mar. 2024)

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What is Anhui Guofeng New 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. Anhui Guofeng New Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.99%.

Anhui Guofeng New Materials Co ROCE % Historical Data

The historical data trend for Anhui Guofeng New 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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Anhui Guofeng New Materials Co ROCE % Chart

Anhui Guofeng New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.09

6.48

12.62

7.14

-1.03

Anhui Guofeng New Materials 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															1.13	-1.63	-2.43	-1.23	-2.99

Anhui Guofeng New Materials Co ROCE % Calculation

Anhui Guofeng New 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 )
	=	-32.148	/	( ( (3680.245 - 612.203)	+	(4070.57 - 902.105) )	/ 2 )
	=	-32.148	/	( (3068.042	+	3168.465)	/ 2 )
	=	-32.148	/	3118.2535
	=	-1.03 %

Anhui Guofeng New 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 )
	=	-95.156	/	( ( (4070.57 - 902.105)	+	(3945.525 - 752.928) )	/ 2 )
	=	-95.156	/	( ( 3168.465	+	3192.597 )	/ 2 )
	=	-95.156	/	3180.531
	=	-2.99 %

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

Anhui Guofeng New Materials Co (SZSE:000859) 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.

Anhui Guofeng New Materials Co ROCE % Related Terms

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Anhui Guofeng New Materials Co (SZSE:000859) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anhui Guofeng New Materials Co Ltd (SZSE:000859) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1000, Mingchuan Road, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.guofeng.com

Anhui Guofeng New Materials Co Ltd formerly Anhui Guofeng Plastic Industry Co Ltd is a China-based company engaged in the manufacturing and sale of plastic products. Its product offerings include plastic film and ancillary products, plastic building materials, nonmetal materials, wood-plastic new materials, engineering plastics and sapphire.

Executives

Cheng Qian	Supervisors
Zhu Yi Bin	Executives
Hu Jing	Directors, Directors, and Executives
Li Feng Kui	Directors, executives
Huang Qiong Yi	Director
Wang Li Ya	Supervisors
Chen Zhu Hong	Directors, executives
Guo Jing	Supervisors
Yu Jing Lin	Independent director
Zhao Wen Wu	Director
Qian Jun Feng	Directors, executives
Yang Zhi Yuan	Director
Xia Shou Hao	Supervisors
Du Shu Hua	Supervisors
Zhang Ji Feng	Director

Anhui Guofeng New Materials Co (SZSE:000859) Headlines

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