China Nuclear Energy Technology (HKSE:00611) ROCE % : 6.59% (As of Dec. 2023)

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What is China Nuclear Energy Technology 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. China Nuclear Energy Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.59%.

China Nuclear Energy Technology ROCE % Historical Data

The historical data trend for China Nuclear Energy Technology'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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China Nuclear Energy Technology ROCE % Chart

China Nuclear Energy Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.59

6.36

8.63

7.97

6.15

China Nuclear Energy Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.82	7.45	7.69	7.32	6.59

China Nuclear Energy Technology ROCE % Calculation

China Nuclear Energy Technology'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 )
	=	360.602	/	( ( (9418.915 - 5166.417)	+	(11437.221 - 3971.881) )	/ 2 )
	=	360.602	/	( (4252.498	+	7465.34)	/ 2 )
	=	360.602	/	5858.919
	=	6.15 %

China Nuclear Energy Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	397.372	/	( ( (9508.016 - 4912.011)	+	(11437.221 - 3971.881) )	/ 2 )
	=	397.372	/	( ( 4596.005	+	7465.34 )	/ 2 )
	=	397.372	/	6030.6725
	=	6.59 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Nuclear Energy Technology (HKSE:00611) 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.

China Nuclear Energy Technology ROCE % Related Terms

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China Nuclear Energy Technology (HKSE:00611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Nuclear Energy Technology Corp Ltd (HKSE:00611) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 2801, 28th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.cnetcl.com

China Nuclear Energy Technology Corp Ltd is an investment holding company. Its operating segments include the EPC and consultancy and general construction segment comprises its EPC and consulting services operations relating to the construction of photovoltaic power plants and general construction services; the Power Generation segment comprises the group's power generation operations; the Financing segment comprises the group's financing operations; and the all Other segments comprise the group's corporate management, investment, and treasury services. The majority of the revenue is derived from EPC and consulting services segment.

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