Nano Chem Tech (XKRX:091970) ROCE % : -7.19% (As of Mar. 2024)

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What is Nano Chem Tech 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. Nano Chem Tech's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.19%.

Nano Chem Tech ROCE % Historical Data

The historical data trend for Nano Chem Tech'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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Nano Chem Tech ROCE % Chart

Nano Chem Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.19

-0.84

-26.65

-42.91

-11.26

Nano Chem Tech 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															-0.98	-33.10	-6.10	3.35	-7.19

Nano Chem Tech ROCE % Calculation

Nano Chem Tech'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 )
	=	-3462.801	/	( ( (47018.84 - 17583.196)	+	(54793.192 - 22698.588) )	/ 2 )
	=	-3462.801	/	( (29435.644	+	32094.604)	/ 2 )
	=	-3462.801	/	30765.124
	=	-11.26 %

Nano Chem Tech'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 )
	=	-2326.632	/	( ( (54793.192 - 22698.588)	+	(63766.508 - 31154.984) )	/ 2 )
	=	-2326.632	/	( ( 32094.604	+	32611.524 )	/ 2 )
	=	-2326.632	/	32353.064
	=	-7.19 %

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

Nano Chem Tech (XKRX:091970) 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.

Nano Chem Tech ROCE % Related Terms

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Nano Chem Tech (XKRX:091970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nano Chem Tech Inc (XKRX:091970) » Definitions » ROCE %

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Address

482-2 Chang-ri Namsa-myeon, Cheoin-gu, Yongin-si, kyonggi-do, KOR, 449-885

Website

http://www.nanochemtech.co.kr

Nano Chem Tech Inc is a South Korea based company engages in the manufacturing and distribution of organic conducting polymers. Its products include conducting sheet, conducting coating solution, advanced materials, anti-static film, metal PCB, and conducting EPP.

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