CN Energy Group (CN Energy Group) ROCE % : -2.30% (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is CN Energy Group 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. CN Energy Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.30%.

CN Energy Group ROCE % Historical Data

The historical data trend for CN Energy Group'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.

* Premium members only.

CN Energy Group ROCE % Chart

CN Energy Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

Get a 7-Day Free Trial

9.99

11.72

3.98

4.23

-6.11

CN Energy Group Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial						3.03	3.93	4.42	-8.79	-2.30

CN Energy Group ROCE % Calculation

CN Energy Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-5.135	/	( ( (94.942 - 30.462)	+	(126.195 - 22.525) )	/ 2 )
	=	-5.135	/	( (64.48	+	103.67)	/ 2 )
	=	-5.135	/	84.075
	=	-6.11 %

CN Energy Group'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-2.486	/	( ( (137.177 - 24.48)	+	(126.195 - 22.525) )	/ 2 )
	=	-2.486	/	( ( 112.697	+	103.67 )	/ 2 )
	=	-2.486	/	108.1835
	=	-2.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

CN Energy Group (NAS:CNEY) 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.

CN Energy Group ROCE % Related Terms

Thank you for viewing the detailed overview of CN Energy Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

CN Energy Group (CN Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CN Energy Group Inc (NAS:CNEY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 268 Shiniu Road, Building 2-B, Room 206, Liandu District, Zhejiang Province, Lishui, CHN

Website

https://www.ir.cneny.com

CN Energy Group Inc along with its subsidiaries is a manufacturer and supplier of wood-based activated carbon that is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production and a producer of biomass electricity generated in the process of producing activated carbon. The firm generates a majority of its revenue from Activated carbon.