PNC Process Systems Co (SHSE:603690) ROCE % : 5.97% (As of Mar. 2024)

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What is PNC Process Systems 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. PNC Process Systems Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.97%.

PNC Process Systems Co ROCE % Historical Data

The historical data trend for PNC Process Systems 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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PNC Process Systems Co ROCE % Chart

PNC Process Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.12

11.64

9.68

7.33

8.73

PNC Process Systems Co 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															7.36	5.95	8.42	12.95	5.97

PNC Process Systems Co ROCE % Calculation

PNC Process Systems 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 )
	=	567.54	/	( ( (9837.945 - 3934.829)	+	(11919.486 - 4822.034) )	/ 2 )
	=	567.54	/	( (5903.116	+	7097.452)	/ 2 )
	=	567.54	/	6500.284
	=	8.73 %

PNC Process Systems Co'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 )
	=	429.728	/	( ( (11919.486 - 4822.034)	+	(12380.991 - 5081.447) )	/ 2 )
	=	429.728	/	( ( 7097.452	+	7299.544 )	/ 2 )
	=	429.728	/	7198.498
	=	5.97 %

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

PNC Process Systems Co (SHSE:603690) 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.

PNC Process Systems Co ROCE % Related Terms

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PNC Process Systems Co (SHSE:603690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PNC Process Systems Co Ltd (SHSE:603690) » Definitions » ROCE %

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Address

No. 170, Zihai Road, Minhang District, Shanghai, CHN, 200241

Website

http://www.pnc-systems.com

PNC Process Systems Co Ltd offers process system solutions for advanced manufacturing enterprises. The solutions cover the design, selection, manufacturing, installation, testing, commissioning, and system hosting services of the entire system. Its product portfolio covers gas delivery system solution, chemical delivery system solutions, process machine secondary, GMS detection control management system, and digital production system, among others. It also offers gasification equipment, wet process machine, ultra-clean electronic materials, media special inspection service, laboratory service, and biopharmaceutical systems and equipment. The systems and services are used in semiconductor, microelectronics, biomedical, photovoltaic, fiber optic, TFT-LCD, LED and other fields.

Executives

Lu Lei	senior management
Jiang Yuan	Directors, senior managers
Shen Yi Lin	senior management
Zhao Hao	Director
Chai Xin Ming	senior management
Wu Hai Hua	Director
Yuan Meng Qi	senior management

PNC Process Systems Co (SHSE:603690) Headlines

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