Ningxia Zhongke Biotechnology Co (SHSE:600165) ROCE % : -15.57% (As of Sep. 2023)

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Ningxia Zhongke Biotechnology Co ROCE % Definition

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. Ningxia Zhongke Biotechnology Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -15.57%.

Ningxia Zhongke Biotechnology Co ROCE % Historical Data

The historical data trend for Ningxia Zhongke Biotechnology 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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Ningxia Zhongke Biotechnology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.89

-1.64

2.26

-7.08

-3.75

Ningxia Zhongke Biotechnology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-3.29	-21.95	-9.69	-12.70	-15.57

Ningxia Zhongke Biotechnology Co ROCE % Calculation

Ningxia Zhongke Biotechnology Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-73.875	/	( ( (3305.757 - 1080.041)	+	(3278.698 - 1566.516) )	/ 2 )
	=	-73.875	/	( (2225.716	+	1712.182)	/ 2 )
	=	-73.875	/	1968.949
	=	-3.75 %

Ningxia Zhongke Biotechnology Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-228.4	/	( ( (3148.761 - 1638.308)	+	(3136.576 - 1713.586) )	/ 2 )
	=	-228.4	/	( ( 1510.453	+	1422.99 )	/ 2 )
	=	-228.4	/	1466.7215
	=	-15.57 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Ningxia Zhongke Biotechnology Co (SHSE:600165) 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.

Ningxia Zhongke Biotechnology Co ROCE % Related Terms

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Ningxia Zhongke Biotechnology Co (SHSE:600165) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Hebin Street, Ningxia Hui Autonomous Region, Huinong District, Shizuishan, CHN, 750002

Website

http://www.nxhengli.com.cn

Ningxia Zhongke Biotechnology Co Ltd is engaged in the production and sales of activated carbon products, preparation and storage of stem cells, trade and other businesses, as well as lauric acid.

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