Nanjing Chixia Development Co (SHSE:600533) ROCE % : -0.01% (As of Sep. 2024)

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What is Nanjing Chixia Development 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 Chixia Development Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.01%.

Nanjing Chixia Development Co ROCE % Historical Data

The historical data trend for Nanjing Chixia Development 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 Chixia Development Co ROCE % Chart

Nanjing Chixia Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.85

5.72

6.09

3.64

0.36

Nanjing Chixia Development Co Quarterly Data
	Dec19	Mar20	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															-0.49	-2.80	0.04	-2.78	-0.01

Nanjing Chixia Development Co ROCE % Calculation

Nanjing Chixia Development 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 )
	=	43.651	/	( ( (22752.688 - 10764.208)	+	(24388.701 - 12311.509) )	/ 2 )
	=	43.651	/	( (11988.48	+	12077.192)	/ 2 )
	=	43.651	/	12032.836
	=	0.36 %

Nanjing Chixia Development 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 )
	=	-0.548	/	( ( (23571.681 - 13531.675)	+	(23491.683 - 12417.921) )	/ 2 )
	=	-0.548	/	( ( 10040.006	+	11073.762 )	/ 2 )
	=	-0.548	/	10556.884
	=	-0.01 %

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

Nanjing Chixia Development Co (SHSE:600533) 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 Chixia Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nanjing Chixia Development Co Ltd (SHSE:600533) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 99, Xianlin Avenue, Building 8, Qixia District, Nanjing, CHN, 210046

Website

http://www.chixia.com

Nanjing Chixia Development Co Ltd is a real estate development company. The group has developed various types of construction such as residential buildings, office buildings, and large-scale public buildings. The planning, design, construction quality, garden landscape, decoration, and decoration have all reached the first-class level.

Executives

Xu Shui Yan

Supervisors

Nanjing Chixia Development Co Headlines

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