Nanjing Business & Tourism (SHSE:600250) ROCE % : 14.61% (As of Mar. 2024)

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What is Nanjing Business & Tourism 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 Business & Tourism's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.61%.

Nanjing Business & Tourism ROCE % Historical Data

The historical data trend for Nanjing Business & Tourism'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 Business & Tourism ROCE % Chart

Nanjing Business & Tourism Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.60

5.35

-8.68

7.81

15.25

Nanjing Business & Tourism 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															12.25	19.23	18.32	10.51	14.61

Nanjing Business & Tourism ROCE % Calculation

Nanjing Business & Tourism'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 )
	=	155.469	/	( ( (1701.354 - 699.95)	+	(1674.549 - 637.451) )	/ 2 )
	=	155.469	/	( (1001.404	+	1037.098)	/ 2 )
	=	155.469	/	1019.251
	=	15.25 %

Nanjing Business & Tourism'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 )
	=	156.204	/	( ( (1674.549 - 637.451)	+	(1794.8 - 693.326) )	/ 2 )
	=	156.204	/	( ( 1037.098	+	1101.474 )	/ 2 )
	=	156.204	/	1069.286
	=	14.61 %

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

Nanjing Business & Tourism (SHSE:600250) 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 Business & Tourism ROCE % Related Terms

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Nanjing Business & Tourism (SHSE:600250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nanjing Business & Tourism Corp Ltd (SHSE:600250) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18, Xinxinqiao East Street, Qinhuai District, Jiangsu, Nanjing, CHN, 210006

Website

http://www.nantex.com.cn

Nanjing Business & Tourism Corp Ltd Formerly Nanjing Textiles Imp & Exp Corp Ltd is involved in the fields of textiles and garments, electric and machinery, light industry, chemical industry and others, covering over 1000 merchandise. At the same time, the company also engaged in the overseas labor services and economic and technical cooperation activities.

Executives

Xia Shu Ping	Director
Fan Ye	senior management
Li Rui Ping	senior management
Zhang Zhong Ling	senior management
Zhou Guo Qing	Supervisors
Yang Chun Sheng	senior management
Han Yong	Director
Yin Wen Qi	senior management
Tang Jian Guo	senior management
Hu Hai Ge	Director
Dan Xiao Zhong	Director
Yang Jing Cheng	Director
Ding Jie	senior management
Ye Qing	senior management
Xu Xian Min	senior management

Nanjing Business & Tourism (SHSE:600250) Headlines

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