Shandong Sinocera Functional Material Co (SZSE:300285) ROCE % : 9.31% (As of Mar. 2024)

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What is Shandong Sinocera Functional Material 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. Shandong Sinocera Functional Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.31%.

Shandong Sinocera Functional Material Co ROCE % Historical Data

The historical data trend for Shandong Sinocera Functional Material 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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Shandong Sinocera Functional Material Co ROCE % Chart

Shandong Sinocera Functional Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.75

15.18

15.63

8.66

10.49

Shandong Sinocera Functional Material 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															8.90	14.28	8.66	9.49	9.31

Shandong Sinocera Functional Material Co ROCE % Calculation

Shandong Sinocera Functional Material 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 )
	=	735.352	/	( ( (7501.777 - 814.07)	+	(8779.637 - 1440.691) )	/ 2 )
	=	735.352	/	( (6687.707	+	7338.946)	/ 2 )
	=	735.352	/	7013.3265
	=	10.49 %

Shandong Sinocera Functional Material 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 )
	=	691.004	/	( ( (8779.637 - 1440.691)	+	(8929.14 - 1421.258) )	/ 2 )
	=	691.004	/	( ( 7338.946	+	7507.882 )	/ 2 )
	=	691.004	/	7423.414
	=	9.31 %

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

Shandong Sinocera Functional Material Co (SZSE:300285) 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.

Shandong Sinocera Functional Material Co ROCE % Related Terms

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Shandong Sinocera Functional Material Co (SZSE:300285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Sinocera Functional Material Co Ltd (SZSE:300285) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24 Liaohe Road, Dongying District, Shandong Province, Dongying, CHN, 257091

Website

http://www.sinocera.cn/

Shandong Sinocera Functional Material Co Ltd is mainly engaged in the research and development, production and sales of novel materials. The main products include multilayer ceramic capacitors, electronic ceramic materials, nano-scale composite zirconia materials, high-purity ultra-fine alumina materials, ceramic ink materials for inkjet printing, electronic pastes, honeycomb ceramics, and ceramic balls. Its products are mainly applied in an electronic information and communication, biomedical, new energy vehicles, architectural ceramics and modern high-tech fields such as porcelain, automotive and industrial catalysis, solar photovoltaic, and aerospace.

Executives

Zhang Xi	Director
Zhang Bing	Directors, executives
Wang Zhong	Supervisors
Wang Xiao Hong	Supervisors
Xu Shao Mei	Directors, executives
Zhao Hong Yan	Securities Affairs Representative
Liu Mei Na	Director
Song Xi Bin	Executives
Si Liu Qi	Executives

Shandong Sinocera Functional Material Co (SZSE:300285) Headlines

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