Nanchang Mineral Systems Co (SZSE:001360) ROCE % : 4.43% (As of Sep. 2024)

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What is Nanchang Mineral 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. Nanchang Mineral Systems Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.43%.

Nanchang Mineral Systems Co ROCE % Historical Data

The historical data trend for Nanchang Mineral 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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Nanchang Mineral Systems Co ROCE % Chart

Nanchang Mineral Systems Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

21.08

25.62

29.21

27.78

11.56

Nanchang Mineral Systems Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									7.32	4.77	4.72	12.54	4.43

Nanchang Mineral Systems Co ROCE % Calculation

Nanchang Mineral 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 )
	=	117.42	/	( ( (1334.211 - 739.302)	+	(2041.797 - 606.05) )	/ 2 )
	=	117.42	/	( (594.909	+	1435.747)	/ 2 )
	=	117.42	/	1015.328
	=	11.56 %

Nanchang Mineral Systems 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 )
	=	62.964	/	( ( (1991.346 - 582.246)	+	(2076.024 - 643.884) )	/ 2 )
	=	62.964	/	( ( 1409.1	+	1432.14 )	/ 2 )
	=	62.964	/	1420.62
	=	4.43 %

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

Nanchang Mineral Systems Co (SZSE:001360) 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.

Nanchang Mineral Systems Co ROCE % Related Terms

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Nanchang Mineral Systems Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nanchang Mineral Systems Co Ltd (SZSE:001360) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 300 Hongwan Avenue, Wanli District, Jiangxi Province, Nanchang, CHN, 330004

Website

https://www.nmsystems.cn

Nanchang Mineral Systems Co Ltd is engaged in the research and development, design, production, sales and aftermarket services of crushing and screening equipment related to sand and gravel aggregates and metal mines.

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