Nantong Guosheng Intelligence Technology Group Co (SHSE:688558) ROCE % : 10.71% (As of Sep. 2024)

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What is Nantong Guosheng Intelligence Technology Group 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. Nantong Guosheng Intelligence Technology Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.71%.

Nantong Guosheng Intelligence Technology Group Co ROCE % Historical Data

The historical data trend for Nantong Guosheng Intelligence Technology Group 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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Nantong Guosheng Intelligence Technology Group Co ROCE % Chart

Nantong Guosheng Intelligence Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.20

14.23

15.53

12.11

8.84

Nantong Guosheng Intelligence Technology Group 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															9.10	5.38	6.67	8.11	10.71

Nantong Guosheng Intelligence Technology Group Co ROCE % Calculation

Nantong Guosheng Intelligence Technology Group 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 )
	=	141.209	/	( ( (2010.098 - 453.187)	+	(2054.119 - 417.175) )	/ 2 )
	=	141.209	/	( (1556.911	+	1636.944)	/ 2 )
	=	141.209	/	1596.9275
	=	8.84 %

Nantong Guosheng Intelligence Technology Group 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 )
	=	174.3	/	( ( (1963.481 - 355.276)	+	(2048.246 - 402.861) )	/ 2 )
	=	174.3	/	( ( 1608.205	+	1645.385 )	/ 2 )
	=	174.3	/	1626.795
	=	10.71 %

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

Nantong Guosheng Intelligence Technology Group Co (SHSE:688558) 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.

Nantong Guosheng Intelligence Technology Group Co ROCE % Related Terms

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Nantong Guosheng Intelligence Technology Group Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nantong Guosheng Intelligence Technology Group Co Ltd (SHSE:688558) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 2 Yongtong Road, Gangzha Economic Development Zone, Jiangsu Province, Nantong, CHN, 226003

Website

http://www.ntgszk.com

Nantong Guosheng Intelligence Technology Group Co Ltd is engaged in production and sales of metal cutting mid-to-high-end CNC machine tools and intelligent automated production lines. The company's products include MVL vertical machining center; GMF Longmen Machining Center; VM/GMS mold processing center; GMF pentahedron machining center; GMF/GMB/MX five-axis machining center; HME inverted T type/DHM positive T type horizontal plus; DBM horizontal boring and milling machining center; IHT CNC horizontal lathe; and IVT CNC vertical lathe. It focuses on application scenarios and personalized needs of customers in the fields of downstream precision molds, new energy, aerospace, rail transportation, 3D printing, industrial valves and other fields.

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