NanJing GOVA Technology Co (SHSE:688539) ROCE % : 4.38% (As of Mar. 2024)

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What is NanJing GOVA 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 GOVA Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.38%.

NanJing GOVA Technology Co ROCE % Historical Data

The historical data trend for NanJing GOVA 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 GOVA Technology Co ROCE % Chart

NanJing GOVA Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.71

18.17

21.45

16.18

8.88

NanJing GOVA Technology Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												10.55	9.97	5.00	8.76	4.38

NanJing GOVA Technology Co ROCE % Calculation

NanJing GOVA 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 )
	=	105.847	/	( ( (729.058 - 149.591)	+	(1935.595 - 130.563) )	/ 2 )
	=	105.847	/	( (579.467	+	1805.032)	/ 2 )
	=	105.847	/	1192.2495
	=	8.88 %

NanJing GOVA 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 )
	=	79.484	/	( ( (1935.595 - 130.563)	+	(1941.774 - 117.667) )	/ 2 )
	=	79.484	/	( ( 1805.032	+	1824.107 )	/ 2 )
	=	79.484	/	1814.5695
	=	4.38 %

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

NanJing GOVA Technology Co (SHSE:688539) 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 GOVA Technology Co (SHSE:688539) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NanJing GOVA Technology Co Ltd (SHSE:688539) » Definitions » ROCE %

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Address

No. 66, Qixia Avenue, Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210046

Website

https://www.govagroup.com

NanJing GOVA Technology Co Ltd is a high-tech enterprise that develops, designs, produces and sells high-reliability sensors and sensor network systems. The main products are various pressure, acceleration, temperature and humidity, displacement and other sensors, and integrate the above sensors into a sensor network system through software algorithms.

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