Nanjing Wavelength Opto-Electronic Science and Technology Co (SZSE:301421) ROCE % : 4.10% (As of Mar. 2024)

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What is Nanjing Wavelength Opto-Electronic Science and Technology 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 Wavelength Opto-Electronic Science and Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.10%.

Nanjing Wavelength Opto-Electronic Science and Technology Co ROCE % Historical Data

The historical data trend for Nanjing Wavelength Opto-Electronic Science and Technology 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 Wavelength Opto-Electronic Science and Technology Co ROCE % Chart

Nanjing Wavelength Opto-Electronic Science and Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.78

19.78

20.21

19.81

7.65

Nanjing Wavelength Opto-Electronic Science and Technology Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec18	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.67	22.16	4.84	4.22	4.10

Nanjing Wavelength Opto-Electronic Science and Technology Co ROCE % Calculation

Nanjing Wavelength Opto-Electronic Science and Technology 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 )
	=	60.834	/	( ( (572.188 - 172.548)	+	(1367.271 - 176.043) )	/ 2 )
	=	60.834	/	( (399.64	+	1191.228)	/ 2 )
	=	60.834	/	795.434
	=	7.65 %

Nanjing Wavelength Opto-Electronic Science and Technology 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 )
	=	49.036	/	( ( (1367.271 - 176.043)	+	(1347.588 - 147.738) )	/ 2 )
	=	49.036	/	( ( 1191.228	+	1199.85 )	/ 2 )
	=	49.036	/	1195.539
	=	4.10 %

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

Nanjing Wavelength Opto-Electronic Science and Technology Co (SZSE:301421) 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 Wavelength Opto-Electronic Science and Technology Co (SZSE:301421) Business Description

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Address

No. 18, Boguang Road, Hushu Industrial Concentration Area, Jiangning, Jiangsu, Nanjing, CHN, 211121

Website

http://www.wave-optics.com

Nanjing Wavelength Opto-Electronic Science and Technology Co Ltd is a high-tech enterprise integrating optical design, production and sales. The company aimed to provide high-quality laser optics, infrared optics, intelligent optics, precision optical products and a full range of services, serving the field of optical electronics.

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