Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) ROCE % : 0.91% (As of Mar. 2024)

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What is Nanjing Canatal Data-Centre Environmental Tech 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 Canatal Data-Centre Environmental Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.91%.

Nanjing Canatal Data-Centre Environmental Tech Co ROCE % Historical Data

The historical data trend for Nanjing Canatal Data-Centre Environmental Tech 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 Canatal Data-Centre Environmental Tech Co ROCE % Chart

Nanjing Canatal Data-Centre Environmental Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.00

13.33

8.91

3.73

2.78

Nanjing Canatal Data-Centre Environmental Tech 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															2.31	2.83	0.92	3.29	0.91

Nanjing Canatal Data-Centre Environmental Tech Co ROCE % Calculation

Nanjing Canatal Data-Centre Environmental Tech 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 )
	=	48.54	/	( ( (2020.13 - 722.343)	+	(2972.07 - 774.898) )	/ 2 )
	=	48.54	/	( (1297.787	+	2197.172)	/ 2 )
	=	48.54	/	1747.4795
	=	2.78 %

Nanjing Canatal Data-Centre Environmental Tech 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 )
	=	20.112	/	( ( (2972.07 - 774.898)	+	(3329.521 - 1126.816) )	/ 2 )
	=	20.112	/	( ( 2197.172	+	2202.705 )	/ 2 )
	=	20.112	/	2199.9385
	=	0.91 %

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

Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) 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 Canatal Data-Centre Environmental Tech Co (SHSE:603912) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Canatal Data-Centre Environmental Tech Co Ltd (SHSE:603912) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Road No. 88 Suyuan, Jiangning Economic and Technological Development Zone, Nanjing, CHN, 211111

Website

http://www.canatal.com.cn

Nanjing Canatal Data-Centre Environmental Tech Co Ltd develops and manufactures temperature control equipment. The company also provides integrated solutions and related energy-saving technical services for the precision control of data room and other fields. The company serves a diverse set of customers including government departments and communications, finance, internet, medical, rail transportation, aviation, energy and many other industries.

Executives

Wang Ling Yun	Directors, senior managers
Ye Li Li	senior management
Yuan Yi	senior management
Li Lin Da	Directors, senior managers
Du Ming Wei	Directors, senior managers

Nanjing Canatal Data-Centre Environmental Tech Co (SHSE:603912) Headlines

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