China Testing & Certification International Group Co (SHSE:603060) ROCE % : 9.63% (As of Sep. 2023)

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What is China Testing & Certification International Group 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 Testing & Certification International Group Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 9.63%.

China Testing & Certification International Group Co ROCE % Historical Data

The historical data trend for China Testing & Certification International Group 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 Testing & Certification International Group Co ROCE % Chart

China Testing & Certification International Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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19.88

19.21

18.55

17.03

13.59

China Testing & Certification International Group 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															13.70	34.73	-2.46	9.55	9.63

China Testing & Certification International Group Co ROCE % Calculation

China Testing & Certification International Group 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 )
	=	409.442	/	( ( (3826.394 - 951.718)	+	(4392.647 - 1243.306) )	/ 2 )
	=	409.442	/	( (2874.676	+	3149.341)	/ 2 )
	=	409.442	/	3012.0085
	=	13.59 %

China Testing & Certification International Group 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 )
	=	304.772	/	( ( (4579.01 - 1460.212)	+	(4731.984 - 1520.859) )	/ 2 )
	=	304.772	/	( ( 3118.798	+	3211.125 )	/ 2 )
	=	304.772	/	3164.9615
	=	9.63 %

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

China Testing & Certification International Group Co (SHSE:603060) 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 Testing & Certification International Group Co ROCE % Related Terms

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China Testing & Certification International Group Co (SHSE:603060) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Testing & Certification International Group Co Ltd (SHSE:603060) » Definitions » ROCE %

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Address

No. 1 Guanzhuang Dongli, South Building, Research and Production Area, Chaoyang District, Beijing, CHN, 100024

Website

http://www.ctc.ac.cn

China Building Material Test & Certification Group Co Ltd provides third-party inspection and certification services in the fields of building materials and construction engineering. Its service offering comprises certification, safety and instrument development services as well as extended services such as energy-saving emission reduction technology services, standardization services, personnel training and occupational skill identification. The company primarily serve the building materials and construction engineering enterprises, solar photovoltaic product production and application enterprises, carbon emission trading units, product quality and technical supervision departments, industrial and commercial management departments and safety production supervision departments.

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