Nanjing Innovative Data Technologies Co (BJSE:835305) ROCE % : -5.47% (As of Sep. 2024)

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What is Nanjing Innovative Data Technologies 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 Innovative Data Technologies Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.47%.

Nanjing Innovative Data Technologies Co ROCE % Historical Data

The historical data trend for Nanjing Innovative Data Technologies 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 Innovative Data Technologies Co ROCE % Chart

Nanjing Innovative Data Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.78

18.39

11.06

-1.19

-7.92

Nanjing Innovative Data Technologies Co Quarterly Data
	Jun19	Dec19	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															-2.13	-20.69	-0.34	-4.94	-5.47

Nanjing Innovative Data Technologies Co ROCE % Calculation

Nanjing Innovative Data Technologies 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 )
	=	-67.764	/	( ( (1276.06 - 380.443)	+	(1141.762 - 325.68) )	/ 2 )
	=	-67.764	/	( (895.617	+	816.082)	/ 2 )
	=	-67.764	/	855.8495
	=	-7.92 %

Nanjing Innovative Data Technologies 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 )
	=	-42.932	/	( ( (1104.365 - 309.345)	+	(1014.921 - 239.21) )	/ 2 )
	=	-42.932	/	( ( 795.02	+	775.711 )	/ 2 )
	=	-42.932	/	785.3655
	=	-5.47 %

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

Nanjing Innovative Data Technologies Co (BJSE:835305) 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 Innovative Data Technologies Co Business Description

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Address

No. 6 Yongzhi Road, Building A-4, Floor 9, Nanjing Baixia High-tech Industrial Park, Qinhuai District, Nanjing, CHN, 210014

Website

http://www.cstor.cn

Nanjing Innovative Data Technologies Co Ltd focuses the big data storage and intelligent processing business. It is engaged in the development, operation, sales, and related technical services of basic technology products and application systems for intelligent storage and processing of big data information. It includes products such as cStor C1000 cloud storage system, Yunchuang network disk, and rStor FS series disk array storage system.

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