Fujian Nanwang Environment Protection Scien-Tech Co (SZSE:301355) ROCE % : 4.35% (As of Sep. 2024)

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What is Fujian Nanwang Environment Protection Scien-Tech 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. Fujian Nanwang Environment Protection Scien-Tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.35%.

Fujian Nanwang Environment Protection Scien-Tech Co ROCE % Historical Data

The historical data trend for Fujian Nanwang Environment Protection Scien-Tech 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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Fujian Nanwang Environment Protection Scien-Tech Co ROCE % Chart

Fujian Nanwang Environment Protection Scien-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.00

13.17

14.34

10.44

6.92

Fujian Nanwang Environment Protection Scien-Tech Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.53	4.55	5.38	0.49	4.35

Fujian Nanwang Environment Protection Scien-Tech Co ROCE % Calculation

Fujian Nanwang Environment Protection Scien-Tech 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 )
	=	83.688	/	( ( (1106.558 - 291.943)	+	(2186.827 - 583.403) )	/ 2 )
	=	83.688	/	( (814.615	+	1603.424)	/ 2 )
	=	83.688	/	1209.0195
	=	6.92 %

Fujian Nanwang Environment Protection Scien-Tech 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 )
	=	72.592	/	( ( (2269.039 - 634.36)	+	(2379.631 - 673.645) )	/ 2 )
	=	72.592	/	( ( 1634.679	+	1705.986 )	/ 2 )
	=	72.592	/	1670.3325
	=	4.35 %

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

Fujian Nanwang Environment Protection Scien-Tech Co (SZSE:301355) 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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Fujian Nanwang Environment Protection Scien-Tech Co Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Fujian Nanwang Environment Protection Scien-Tech Co Ltd (SZSE:301355) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Huidong Industrial Zone, Liaoyuan Village, Dongqiao Town, Hui'an County, Fujian, Quanzhou, CHN, 362141

Website

https://www.nwpak.com

Fujian Nanwang Environment Protection Scien-Tech Co Ltd is engaged in research and development, manufacture and sales of paper product packaging such as environmentally friendly paper bags and food packaging. Nanwang has set up a digital printing bag-making workshop and food packaging workshop, with more than 300 sets of main production equipment and nearly 100 sets (sets) of inspection and testing equipment, which can produce more than 1.4 billion high-quality environmentally friendly paper bags and 5.9 billion food packaging, so far the total production and operation area is about 200,000 square meters.

Fujian Nanwang Environment Protection Scien-Tech Co Headlines

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