Naas Technology (Naas Technology) ROCE % : -155.93% (As of Mar. 2024)

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What is Naas Technology 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. Naas Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -155.93%.

Naas Technology ROCE % Historical Data

The historical data trend for Naas Technology'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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Naas Technology ROCE % Chart

Naas Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-315.13

-775.31

-1,170.54

-160.50

Naas Technology Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-46.77	-148.67	-166.08	-284.09	-155.93

Naas Technology ROCE % Calculation

Naas Technology'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 )
	=	-178.02	/	( ( (158.632 - 27.56)	+	(205.19 - 114.427) )	/ 2 )
	=	-178.02	/	( (131.072	+	90.763)	/ 2 )
	=	-178.02	/	110.9175
	=	-160.50 %

Naas Technology'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 )
	=	-115.148	/	( ( (205.19 - 114.427)	+	(179.852 - 122.926) )	/ 2 )
	=	-115.148	/	( ( 90.763	+	56.926 )	/ 2 )
	=	-115.148	/	73.8445
	=	-155.93 %

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

Naas Technology (NAS:NAAS) 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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Naas Technology (Naas Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Naas Technology Inc (NAS:NAAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6RE0:Germany

Address

No.1 Yaojiayuan South Road, Newlink Center, Area G, Building 7, Huitong Times Square, Chaoyang District, Beijing, CHN, 100024

Website

https://www.enaas.com

Naas Technology Inc is an electric vehicle charging service provider in China, whose vision is to power the world with carbon-neutral energy. It offers an integrated set of online solutions to charging station operators. wide range of offline services that simplify the daily operations of charging station operators, and of non-charging services such as food and beverage services to station operators.