Beijing Beida Jade Bird Universal Sci-Tech Co (HKSE:08095) ROCE % : -23.96% (As of Dec. 2023)

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What is Beijing Beida Jade Bird Universal Sci-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. Beijing Beida Jade Bird Universal Sci-Tech Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.96%.

Beijing Beida Jade Bird Universal Sci-Tech Co ROCE % Historical Data

The historical data trend for Beijing Beida Jade Bird Universal Sci-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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Beijing Beida Jade Bird Universal Sci-Tech Co ROCE % Chart

Beijing Beida Jade Bird Universal Sci-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.65

2.99

5.33

9.05

6.20

Beijing Beida Jade Bird Universal Sci-Tech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															20.58	2.74	35.18	7.06	-23.96

Beijing Beida Jade Bird Universal Sci-Tech Co ROCE % Calculation

Beijing Beida Jade Bird Universal Sci-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 )
	=	275.256	/	( ( (5606.889 - 1123.693)	+	(5452.639 - 1052.457) )	/ 2 )
	=	275.256	/	( (4483.196	+	4400.182)	/ 2 )
	=	275.256	/	4441.689
	=	6.20 %

Beijing Beida Jade Bird Universal Sci-Tech Co'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1054.352	/	( ( (0 - 0)	+	(5452.639 - 1052.457) )	/ 1 )
	=	-1054.352	/	( ( 0	+	4400.182 )	/ 1 )
	=	-1054.352	/	4400.182
	=	-23.96 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Beijing Beida Jade Bird Universal Sci-Tech Co (HKSE:08095) 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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Beijing Beida Jade Bird Universal Sci-Tech Co (HKSE:08095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Beijing Beida Jade Bird Universal Sci-Tech Co Ltd (HKSE:08095) » Definitions » ROCE %

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Traded in Other Exchanges

BJDH:Germany

Address

No. 207 Chengfu Road, 3rd Floor, Beida Jade Bird Building, Haidian District, Beijing, CHN, 100871

Website

http://www.jbu.com.cn

Beijing Beida Jade Bird Universal Sci-Tech Co Ltd is an investment holding company. Along with subsidiaries, the firm operates in business segments including, Tourism development, Investment holding, Trading of metallic products, Sales & production of LED devices, and All other segments. The tourism segment develops travel & leisure businesses. The trading of metallic products segment includes sales & purchases of metallic products. The investment holding segment invests in funds, debt, & equity investments. Sales & production of LED devices include the development of ceramic end-high of sale & devices and LED power-high modules All other segment is engaged in sales of wine & related products. The company generates the majority of its revenue from the Trading of metallic products segment.

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