Nanjing Toua Hardware & Tools Co (SZSE:301125) ROCE % : -3.63% (As of Mar. 2024)

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What is Nanjing Toua Hardware & Tools 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 Toua Hardware & Tools Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.63%.

Nanjing Toua Hardware & Tools Co ROCE % Historical Data

The historical data trend for Nanjing Toua Hardware & Tools 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 Toua Hardware & Tools Co ROCE % Chart

Nanjing Toua Hardware & Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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54.22

34.87

21.54

12.03

0.64

Nanjing Toua Hardware & Tools Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														6.10	9.03	4.29	-13.50	-3.63

Nanjing Toua Hardware & Tools Co ROCE % Calculation

Nanjing Toua Hardware & Tools 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 )
	=	4.615	/	( ( (719.278 - 78.004)	+	(1069.307 - 276.583) )	/ 2 )
	=	4.615	/	( (641.274	+	792.724)	/ 2 )
	=	4.615	/	716.999
	=	0.64 %

Nanjing Toua Hardware & Tools 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 )
	=	-28.712	/	( ( (1069.307 - 276.583)	+	(1057.242 - 266.141) )	/ 2 )
	=	-28.712	/	( ( 792.724	+	791.101 )	/ 2 )
	=	-28.712	/	791.9125
	=	-3.63 %

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

Nanjing Toua Hardware & Tools Co (SZSE:301125) 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 Toua Hardware & Tools Co ROCE % Related Terms

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Nanjing Toua Hardware & Tools Co (SZSE:301125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Toua Hardware & Tools Co Ltd (SZSE:301125) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 129, Linqi Road, Dongshan Street, Jiangning District, Jiangsu Province, Nanjing, CHN, 210000

Website

http://www.tengyanjjg.com

Nanjing Toua Hardware & Tools Co Ltd is engaged in production and sales of nail fastening equipment and architectural hardware products. The company specializes in the manufacturing of moulds, die casting, injection molding, spraying, assembly and other processes.

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