Shanghai Nenghui Technology Co (SZSE:301046) ROCE % : 4.85% (As of Mar. 2024)

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What is Shanghai Nenghui 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. Shanghai Nenghui Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.85%.

Shanghai Nenghui Technology Co ROCE % Historical Data

The historical data trend for Shanghai Nenghui 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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Shanghai Nenghui Technology Co ROCE % Chart

Shanghai Nenghui Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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91.56

20.17

17.39

3.24

7.18

Shanghai Nenghui Technology Co Quarterly Data
	Dec17	Dec18	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															2.14	1.30	10.73	11.13	4.85

Shanghai Nenghui Technology Co ROCE % Calculation

Shanghai Nenghui 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 )
	=	74.38	/	( ( (1164.307 - 324.355)	+	(1741.995 - 509.662) )	/ 2 )
	=	74.38	/	( (839.952	+	1232.333)	/ 2 )
	=	74.38	/	1036.1425
	=	7.18 %

Shanghai Nenghui 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 )
	=	60.776	/	( ( (1741.995 - 509.662)	+	(1780.583 - 504.533) )	/ 2 )
	=	60.776	/	( ( 1232.333	+	1276.05 )	/ 2 )
	=	60.776	/	1254.1915
	=	4.85 %

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

Shanghai Nenghui Technology Co (SZSE:301046) 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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Shanghai Nenghui Technology Co (SZSE:301046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Nenghui Technology Co Ltd (SZSE:301046) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2000 Pudong Avenue, Pilot Free Trade Zone, Room 607, Shanghai, CHN, 200136

Website

https://www.nhet.com.cn

Shanghai Nenghui Technology Co Ltd is a one-stop service for photovoltaic power generation design, system integration and investment and operation as the main body, and at the same time develops technology for integrated smart energy services such as waste pyrolysis for heat generation, energy storage microgrid and electric energy substitution.

Executives

Kong Peng Fei

Supervisors

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