Nanjing Baose Co (SZSE:300402) ROCE % : 5.06% (As of Sep. 2024)

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What is Nanjing Baose 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. Nanjing Baose Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.06%.

Nanjing Baose Co ROCE % Historical Data

The historical data trend for Nanjing Baose 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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Nanjing Baose Co ROCE % Chart

Nanjing Baose Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.08

7.18

9.22

10.62

6.93

Nanjing Baose Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.32	3.76	5.84	4.92	5.06

Nanjing Baose Co ROCE % Calculation

Nanjing Baose 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 )
	=	81.069	/	( ( (2136.117 - 1342.093)	+	(2588.8 - 1041.622) )	/ 2 )
	=	81.069	/	( (794.024	+	1547.178)	/ 2 )
	=	81.069	/	1170.601
	=	6.93 %

Nanjing Baose Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	80.124	/	( ( (2444.021 - 937.994)	+	(2302.521 - 642.239) )	/ 2 )
	=	80.124	/	( ( 1506.027	+	1660.282 )	/ 2 )
	=	80.124	/	1583.1545
	=	5.06 %

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

Nanjing Baose Co (SZSE:300402) 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.

Nanjing Baose Co ROCE % Related Terms

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Nanjing Baose Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Baose Co Ltd (SZSE:300402) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15 Jingming Street, Jiangning Binjiang Economic Development Zone, Jiangsu Province, Nanjing, CHN, 211178

Website

http://www.baose.com

Nanjing Baose Co Ltd is a supplier of large-scale special materials and non-standard equipment. It is mainly engaged in non-ferrous metals such as titanium, nickel, zirconium, niobium and copper and their alloys. It develops, designs, manufacture, install non-standard pressure vessels from special materials such as high-grade stainless steel and metal composite materials, and welding pressure of non-ferrous metals. The company's main products include heat exchangers, towers, reactors and other special non-standard pressure vessels and pipe fittings, mainly used in chemical, metallurgical, Electric power, energy, military, marine engineering, shipbuilding and environmental protection industries.

Executives

Cao Xian Bo	Supervisors
Jiang Jian Hua	Independent director

Nanjing Baose Co Headlines

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