China National Nuclear Power Co (SHSE:601985) ROCE % : 7.50% (As of Mar. 2024)

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What is China National Nuclear Power 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. China National Nuclear Power Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.50%.

China National Nuclear Power Co ROCE % Historical Data

The historical data trend for China National Nuclear Power 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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China National Nuclear Power Co ROCE % Chart

China National Nuclear Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.96

6.37

7.29

7.40

7.19

China National Nuclear Power 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															8.44	8.02	8.18	4.31	7.50

China National Nuclear Power Co ROCE % Calculation

China National Nuclear Power 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 )
	=	29914.883	/	( ( (464851.171 - 73936.986)	+	(539267.25 - 97597.979) )	/ 2 )
	=	29914.883	/	( (390914.185	+	441669.271)	/ 2 )
	=	29914.883	/	416291.728
	=	7.19 %

China National Nuclear Power 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 )
	=	34154.78	/	( ( (539267.25 - 97597.979)	+	(565701.368 - 96891.788) )	/ 2 )
	=	34154.78	/	( ( 441669.271	+	468809.58 )	/ 2 )
	=	34154.78	/	455239.4255
	=	7.50 %

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

China National Nuclear Power Co (SHSE:601985) 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.

China National Nuclear Power Co ROCE % Related Terms

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China National Nuclear Power Co (SHSE:601985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China National Nuclear Power Co Ltd (SHSE:601985) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Sanlihe Southern Lane, Xicheng District, Beijing, CHN, 100045

Website

http://www.cnnp.com.cn

China National Nuclear Power Co Ltd is engaged in the development, investment, construction, operation, and management of nuclear power projects in China. It also engages in the technical research in the operation of nuclear power plants, and the provision of related technical and consultancy services.

Executives

He Xiao Jian	Director
Gu Jian	senior management
Jiang Jing	Supervisors
Luo Xiao Wei	senior management
Zhang Tao	Directors, senior managers

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