China National Complete Plant Import & Export (SZSE:000151) ROCE % : -16.82% (As of Mar. 2024)

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What is China National Complete Plant Import & Export 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 Complete Plant Import & Export's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.82%.

China National Complete Plant Import & Export ROCE % Historical Data

The historical data trend for China National Complete Plant Import & Export'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 National Complete Plant Import & Export ROCE % Chart

China National Complete Plant Import & Export Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.58

-15.97

7.01

-34.51

-36.42

China National Complete Plant Import & Export 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															-4.77	4.23	1.87	-151.83	-16.82

China National Complete Plant Import & Export ROCE % Calculation

China National Complete Plant Import & Export'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 )
	=	-405.197	/	( ( (4549.985 - 3262.238)	+	(3301.727 - 2364.53) )	/ 2 )
	=	-405.197	/	( (1287.747	+	937.197)	/ 2 )
	=	-405.197	/	1112.472
	=	-36.42 %

China National Complete Plant Import & Export'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 )
	=	-153.444	/	( ( (3301.727 - 2364.53)	+	(3308.558 - 2421.153) )	/ 2 )
	=	-153.444	/	( ( 937.197	+	887.405 )	/ 2 )
	=	-153.444	/	912.301
	=	-16.82 %

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

China National Complete Plant Import & Export (SZSE:000151) 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 Complete Plant Import & Export ROCE % Related Terms

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China National Complete Plant Import & Export (SZSE:000151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » China National Complete Plant Import & Export Corp Ltd (SZSE:000151) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 S. 4th Ring West Road, District 2, Building 8, Fengtai, Beijing, Beijing, CHN, 100070

Website

http://www.complant-ltd.com.cn

China National Complete Plant Import & Export Corp Ltd is engaged in the export of equipment and engineering contracting, general trade, and overseas industrial operations. The main business countries of the company include Bangladesh, Ethiopia, Barbados, and Jamaica. In general trade, the company exports textiles, electronic machinery, solar energy systems, and agricultural machinery. Overseas industrial operations include leasing operations.

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