Nanjing Chemical Fibre Co (SHSE:600889) ROCE % : -38.18% (As of Dec. 2023)

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What is Nanjing Chemical Fibre 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 Chemical Fibre Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -38.18%.

Nanjing Chemical Fibre Co ROCE % Historical Data

The historical data trend for Nanjing Chemical Fibre 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 Chemical Fibre Co ROCE % Chart

Nanjing Chemical Fibre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.28

-1.04

-8.33

-12.04

-18.75

Nanjing Chemical Fibre Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-23.63	-13.22	-9.59	-14.16	-38.18

Nanjing Chemical Fibre Co ROCE % Calculation

Nanjing Chemical Fibre 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 )
	=	-249.064	/	( ( (1923.754 - 469.256)	+	(1589.729 - 387.478) )	/ 2 )
	=	-249.064	/	( (1454.498	+	1202.251)	/ 2 )
	=	-249.064	/	1328.3745
	=	-18.75 %

Nanjing Chemical Fibre Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-481.964	/	( ( (1711.984 - 389.661)	+	(1589.729 - 387.478) )	/ 2 )
	=	-481.964	/	( ( 1322.323	+	1202.251 )	/ 2 )
	=	-481.964	/	1262.287
	=	-38.18 %

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

Nanjing Chemical Fibre Co (SHSE:600889) 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.

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Nanjing Chemical Fibre Co (SHSE:600889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nanjing Chemical Fibre Co Ltd (SHSE:600889) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2, Yuzhuang Road, Xiongzhou Street, Liuhe District, Jiangsu, Nanjing, CHN, 211511

Website

http://www.ncfc.cn

Nanjing Chemical Fibre Co Ltd is a China-based company mainly engaged in the production and operation of viscose fiber and tap water. The company produces Jinling brand viscose fiber which is sold in China and exported to South Korea, Japan, Vietnam, Europe and the United States. Its water plant is located at Yanziji, Qixia District, Nanjing, and has a water supply capacity of approx. 150,000 tons/day. The company provides tap water service to enterprises in the economic and technological development zone and its surrounding factories and residential quarters.

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