Novoray

Novoray CROIC

The Cash Return on Invested Capital (CROIC) of Novoray (688300.SS) as of Oct 28, 2026 is 9.62 %. In the previous year, Cash Return on Invested Capital (CROIC) was 10.14 % — a change of -5.10% (lower).

CROIC

9.62 %

YoY

-5.10%

Last updated:

Cash Return on Invested Capital (CROIC) of Novoray is 2025 9.62 % . Cash Return on Invested Capital (CROIC) of Novoray was 2024 10.14 % . It decreases by -5.10% lower compared to the previous year.

The Novoray CROIC history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

CROIC
Date
CROIC
Jan 1, 2018
8.75 CNY
Jan 1, 2019
2.20 CNY
Jan 1, 2020
-3.50 CNY
Jan 1, 2021
-4.98 CNY
Jan 1, 2022
6.81 CNY
Jan 1, 2023
13.25 CNY
Jan 1, 2024
10.14 CNY
Jan 1, 2025
9.62 CNY
The Novoray CROIC history
YEARCROICYoY
9.62 %-5.10%
10.14 %-23.49%
13.25 %+94.63%
6.81 %-236.62%
-4.98 %+42.25%
-3.50 %-259.49%
2.20 %-74.90%
8.75 %-210.38%
-7.93 %-201.17%
7.84 %-2,254.98%
-0.36 %-103.46%
10.51 %—

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Novoray Stock analysis

What does Novoray do? Novoray Corp. generates revenue through the research, development, and sale of silica powder materials. The company produces micron-level and sub-micron-level angular powders, micron-level spherical inorganic powders processed by flame fusion, sub-micron-level spherical particles using high-temperature oxidation and liquid phase methods, ultrafine particles with surface treatment, functional particles, and slurry products. These products are sold to industries requiring epoxy molding materials (EMC), liquid molding materials (LMC), underfill materials, copper clad laminates (CCL), laminated adhesive films, thermal interface materials (TIM), and adhesives for new energy vehicle batteries and solar photovoltaic cells. The primary customers include manufacturers of electronic components and materials for the semiconductor and renewable energy sectors. The firm's product portfolio targets specific applications in chip packaging, electronic circuits, and thermal management solutions. Customers in the semiconductor industry purchase EMC, LMC, and Underfill materials, while those in renewable energy sources utilize TIM and structural adhesives for solar cells. The company's focus on specialized silica powders for high-performance materials ensures steady demand from technology-driven markets. Novoray Corp. serves industrial segments where precision and material performance are critical, such as semiconductor manufacturing and renewable energy production. Its products enable enhanced thermal conductivity and structural integrity in electronic devices and energy systems. By addressing niche requirements in these sectors, the company secures contracts with established manufacturers in both electronics and clean energy fields. Novoray is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Novoray stock

Cash Return on Invested Capital (CROIC) of Novoray is 9.62 % in 2025.

Cash Return on Invested Capital (CROIC) of Novoray changed from 10.14 % to 9.62 %, representing a -5.10% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Cash Return on Invested Capital (CROIC) Novoray since 2006 – with annual values, charts, and detailed analysis.

CROIC measures the cash return generated on invested capital. Unlike ROIC, it uses free cash flow instead of accounting earnings, providing a purer profitability measure.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Cash Return on Invested Capital (CROIC)'s Novoray with sector peers and the industry average to assess whether it is attractive.

To evaluate Cash Return on Invested Capital (CROIC)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Cash Return on Invested Capital (CROIC).

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Profitability — Novoray

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