Nanjing COSMOS Chemical Co (SZSE:300856) ROCE % : 28.81% (As of Mar. 2024)

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What is Nanjing COSMOS Chemical 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 COSMOS Chemical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.81%.

Nanjing COSMOS Chemical Co ROCE % Historical Data

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

Nanjing COSMOS Chemical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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38.54

19.34

10.04

25.78

32.43

Nanjing COSMOS Chemical 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															36.97	36.11	28.76	27.79	28.81

Nanjing COSMOS Chemical Co ROCE % Calculation

Nanjing COSMOS Chemical 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 )
	=	873	/	( ( (2270.949 - 283.621)	+	(3890.408 - 494.225) )	/ 2 )
	=	873	/	( (1987.328	+	3396.183)	/ 2 )
	=	873	/	2691.7555
	=	32.43 %

Nanjing COSMOS Chemical 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 )
	=	1019.62	/	( ( (3890.408 - 494.225)	+	(4135.181 - 453.001) )	/ 2 )
	=	1019.62	/	( ( 3396.183	+	3682.18 )	/ 2 )
	=	1019.62	/	3539.1815
	=	28.81 %

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

Nanjing COSMOS Chemical Co (SZSE:300856) 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 COSMOS Chemical Co ROCE % Related Terms

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Nanjing COSMOS Chemical Co (SZSE:300856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nanjing COSMOS Chemical Co Ltd (SZSE:300856) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

19 Suyuan Avenue, Jiangning Economic and Technological Development Zone, Nanjing, CHN

Website

http://www.cosmoschem.com

Nanjing COSMOS Chemical Co Ltd is engaged in the research & development, production, and sales of daily chemical raw materials. The company's products include cosmetic active ingredients and their raw materials, synthetic perfumes, among others. Its product categories include Personal care products; Aromatic raw materials; and Other raw materials and intermediates.

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