Nanjing Comptech Composites (SZSE:301591) ROCE % : 11.48% (As of Sep. 2024)

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What is Nanjing Comptech Composites 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 Comptech Composites's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.48%.

Nanjing Comptech Composites ROCE % Historical Data

The historical data trend for Nanjing Comptech Composites'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 Comptech Composites ROCE % Chart

Nanjing Comptech Composites Annual Data

Trend

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.74

14.76

18.69

23.01

19.96

Nanjing Comptech Composites Quarterly Data
	Dec14	Dec15	Dec16	Mar17	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													17.38	16.00	12.22	11.18	11.48

Nanjing Comptech Composites ROCE % Calculation

Nanjing Comptech Composites'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 )
	=	86.987	/	( ( (474.72 - 74.757)	+	(533.303 - 61.706) )	/ 2 )
	=	86.987	/	( (399.963	+	471.597)	/ 2 )
	=	86.987	/	435.78
	=	19.96 %

Nanjing Comptech Composites'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 )
	=	98.276	/	( ( (907.722 - 61.784)	+	(933.554 - 66.833) )	/ 2 )
	=	98.276	/	( ( 845.938	+	866.721 )	/ 2 )
	=	98.276	/	856.3295
	=	11.48 %

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

Nanjing Comptech Composites (SZSE:301591) 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.

Nanjing Comptech Composites ROCE % Related Terms

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Nanjing Comptech Composites Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Comptech Composites Corp (SZSE:301591) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Tangtong Road, No. 18, Binjiang Development Zone, Jiangning District, Jiangsu Province, Nanjing, CHN, 211162

Website

http://www.njcomptech.com

Nanjing Comptech Composites Corp research and development, production and sales of high-performance engineering plastic products and components.

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