Novoray

Novoray ROCE

The Return on Capital Employed (ROCE) of Novoray (688300.SS) as of Oct 20, 2026 is 8.62 %. In the previous year, Return on Capital Employed (ROCE) was 18.92 % — a change of -54.47% (lower).

ROCE

8.62 %

YoY

-54.47%

Last updated:

In 2025, Novoray's return on capital employed (ROCE) was 8.62 %, a -54.47% increase from the 18.92 % ROCE in the previous year.

The Novoray ROCE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROCE
Date
ROCE
Jan 1, 2018
21.25 CNY
Jan 1, 2019
9.55 CNY
Jan 1, 2020
12.85 CNY
Jan 1, 2021
18.03 CNY
Jan 1, 2022
15.50 CNY
Jan 1, 2023
14.50 CNY
Jan 1, 2024
18.92 CNY
Jan 1, 2025
8.62 CNY
The Novoray ROCE history
YEARROCEYoY
8.62 %-54.47%
18.92 %+30.50%
14.50 %-6.43%
15.50 %-14.06%
18.03 %+40.30%
12.85 %+34.57%
9.55 %-55.04%
21.25 %-13.38%
24.53 %+29.67%
18.92 %+32.73%
14.25 %-17.78%
17.33 %—

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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.

ROCE Details

Unraveling Novoray's Return on Capital Employed (ROCE)

Novoray's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing Novoray's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

Novoray's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in Novoray’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about Novoray stock

Return on Capital Employed (ROCE) of Novoray is 8.62 % in 2025.

Return on Capital Employed (ROCE) of Novoray changed from 18.92 % to 8.62 %, representing a -54.47% change. The value is lower than the previous year.

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

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

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

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

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Profitability — Novoray

All Key Metrics — Novoray