Jiangsu Cnano Technology Co (SHSE:688116) ROCE % : 7.22% (As of Mar. 2024)

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What is Jiangsu Cnano Technology 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. Jiangsu Cnano Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.22%.

Jiangsu Cnano Technology Co ROCE % Historical Data

The historical data trend for Jiangsu Cnano Technology 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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Jiangsu Cnano Technology Co ROCE % Chart

Jiangsu Cnano Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.33

7.45

17.72

18.52

10.70

Jiangsu Cnano Technology 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															6.43	8.36	10.22	17.43	7.22

Jiangsu Cnano Technology Co ROCE % Calculation

Jiangsu Cnano Technology 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 )
	=	393.936	/	( ( (4062.734 - 583.75)	+	(4935.437 - 1052.87) )	/ 2 )
	=	393.936	/	( (3478.984	+	3882.567)	/ 2 )
	=	393.936	/	3680.7755
	=	10.70 %

Jiangsu Cnano Technology 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 )
	=	289.64	/	( ( (4935.437 - 1052.87)	+	(5142.737 - 1002.983) )	/ 2 )
	=	289.64	/	( ( 3882.567	+	4139.754 )	/ 2 )
	=	289.64	/	4011.1605
	=	7.22 %

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

Jiangsu Cnano Technology Co (SHSE:688116) 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.

Jiangsu Cnano Technology Co ROCE % Related Terms

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Jiangsu Cnano Technology Co (SHSE:688116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu Cnano Technology Co Ltd (SHSE:688116) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 113, Qinglongshan Road, Zhenjiang New District, cccProvince, Zhenjiang, CHN, 212000

Website

http://www.cnanotechnology.com

Jiangsu Cnano Technology Co Ltd is engaged in the manufacturing, research and development and commercialization of multi-wall carbon nanotubes products for the energy storage, especially lithium-ion battery paste.

Executives

Lin Wei Guo	Core technical personnel
Yue Bang Xian	Senior management, core technical personnel
Cai Yong Lve	Directors, senior managers
Ye Ya Wen	senior management
Yan Yan	Directors, senior managers
Zheng Tao	Directors, senior managers, core technical personn
Zhang Mei Jie	Directors, senior managers, core technical personn
Cai Wei Zheng	Core technical personnel
Zhou Yan	Supervisors
Lan Yin	Supervisors
Guo Wei Xing	Core technical personnel
Wei Zhao Jie	Core technical personnel
Xie Bao Dong	Core technical personnel
Cai Zong Yan	Core technical personnel
Sun Min	Supervisors

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