Nanjing Quanxin Cable Technology Co (SZSE:300447) ROCE % : 7.24% (As of Mar. 2024)

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What is Nanjing Quanxin Cable 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. Nanjing Quanxin Cable Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.24%.

Nanjing Quanxin Cable Technology Co ROCE % Historical Data

The historical data trend for Nanjing Quanxin Cable 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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Nanjing Quanxin Cable Technology Co ROCE % Chart

Nanjing Quanxin Cable Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.50

13.07

13.50

11.46

7.99

Nanjing Quanxin Cable 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															15.02	7.12	5.43	4.32	7.24

Nanjing Quanxin Cable Technology Co ROCE % Calculation

Nanjing Quanxin Cable 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 )
	=	156.648	/	( ( (2719.353 - 830.426)	+	(2783.381 - 751.846) )	/ 2 )
	=	156.648	/	( (1888.927	+	2031.535)	/ 2 )
	=	156.648	/	1960.231
	=	7.99 %

Nanjing Quanxin Cable 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 )
	=	148.356	/	( ( (2783.381 - 751.846)	+	(2747.617 - 680.034) )	/ 2 )
	=	148.356	/	( ( 2031.535	+	2067.583 )	/ 2 )
	=	148.356	/	2049.559
	=	7.24 %

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

Nanjing Quanxin Cable Technology Co (SZSE:300447) 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 Quanxin Cable Technology Co (SZSE:300447) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Quanxin Cable Technology Co Ltd (SZSE:300447) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hanzhongmen Street, 12th Floor, Building 01, No. 301, Gulou District, Nanjing, CHN, 210036

Website

http://www.qx-kj.com

Nanjing Quanxin Cable Technology Co Ltd is high-tech enterprise specializing in the research and development and production of military photoelectric transmission products and providing technical solutions for photoelectric transmission systems. Its product includes Photoelectric cables and components, Optical devices and modules, Photoelectric control products. Its products cover five major military fields, including aviation, aerospace, shipbuilding, weapons, and electronics.

Executives

Ding Ran	Director
Chen Xiang Lou	Directors, executives
Han Zi Yi	Director
He Liang	Executives
Bian Xiao Ming	Executives
Fang Jin	Directors, executives

Nanjing Quanxin Cable Technology Co (SZSE:300447) Headlines

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