Nantong Jiangtian Chemical Co (SZSE:300927) ROCE % : 6.44% (As of Jun. 2024)

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What is Nantong Jiangtian Chemical 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. Nantong Jiangtian Chemical Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.44%.

Nantong Jiangtian Chemical Co ROCE % Historical Data

The historical data trend for Nantong Jiangtian Chemical 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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Nantong Jiangtian Chemical Co ROCE % Chart

Nantong Jiangtian Chemical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.51

14.23

14.43

12.41

12.11

Nantong Jiangtian Chemical Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															12.11	11.06	8.56	7.67	6.44

Nantong Jiangtian Chemical Co ROCE % Calculation

Nantong Jiangtian Chemical 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 )
	=	90.448	/	( ( (794.275 - 101.53)	+	(1000.53 - 200.031) )	/ 2 )
	=	90.448	/	( (692.745	+	800.499)	/ 2 )
	=	90.448	/	746.622
	=	12.11 %

Nantong Jiangtian Chemical Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	65.128	/	( ( (1184.856 - 188.998)	+	(1266.626 - 238.707) )	/ 2 )
	=	65.128	/	( ( 995.858	+	1027.919 )	/ 2 )
	=	65.128	/	1011.8885
	=	6.44 %

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

Nantong Jiangtian Chemical Co (SZSE:300927) 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.

Nantong Jiangtian Chemical Co ROCE % Related Terms

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Nantong Jiangtian Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nantong Jiangtian Chemical Co Ltd (SZSE:300927) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 16, Zhongyang Road, Economic and Technological Development Zone, Jiangsu Province, Nantong, CHN, 226009

Website

http://www.ntjtc.com

Nantong Jiangtian Chemical Co Ltd is engaged in the research and development, production and sales of high-end special fine chemicals with the downstream deep processing of methanol as the industrial chain. It mainly produces paraformaldehyde, high-concentration formaldehyde, methyl chloride, ethylene glycol hemiacetal, and other series varieties.

Executives

Lu Hui	Supervisors
Xu Xiang	Executives
Ren Jian Jun	Executives
Chen Mei	Executives
Zhang Yong Feng	Executives

Nantong Jiangtian Chemical Co Headlines

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