China National Chemical Engineering Co (SHSE:601117) ROCE % : 8.88% (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is China National Chemical Engineering 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. China National Chemical Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.88%.

China National Chemical Engineering Co ROCE % Historical Data

The historical data trend for China National Chemical Engineering 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.

* Premium members only.

China National Chemical Engineering Co ROCE % Chart

China National Chemical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.56

10.60

11.45

10.84

10.16

China National Chemical Engineering Co 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															8.30	13.40	5.74	12.51	8.88

China National Chemical Engineering Co ROCE % Calculation

China National Chemical Engineering 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 )
	=	7269.535	/	( ( (194565.646 - 127020.599)	+	(219115.32 - 143546.048) )	/ 2 )
	=	7269.535	/	( (67545.047	+	75569.272)	/ 2 )
	=	7269.535	/	71557.1595
	=	10.16 %

China National Chemical Engineering 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 )
	=	6705.108	/	( ( (219115.32 - 143546.048)	+	(219707.467 - 144214.057) )	/ 2 )
	=	6705.108	/	( ( 75569.272	+	75493.41 )	/ 2 )
	=	6705.108	/	75531.341
	=	8.88 %

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

China National Chemical Engineering Co (SHSE:601117) 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 National Chemical Engineering Co ROCE % Related Terms

Thank you for viewing the detailed overview of China National Chemical Engineering Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China National Chemical Engineering Co (SHSE:601117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China National Chemical Engineering Co Ltd (SHSE:601117) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2nd Avenue, Dongzhimen, Dongcheng District, Beijing, CHN, 100007

Website

http://www.cncec.com.cn

China National Chemical Engineering Co Ltd engages in the general contracting of construction and infrastructure projects in the fields of chemical, petrochemical, pharmaceutical, power, and coal industries in China and internationally. It provides services, such as project consulting, prospecting, design, construction, project management environmental treatment, and technology research and development and its industrialization, as well as the installation of pipelines, circuits, and equipment.

China National Chemical Engineering Co (SHSE:601117) Headlines

No Headlines