Johnson Electric Holdings (Johnson Electric Holdings) ROCE % : 9.97% (As of Mar. 2024)

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What is Johnson Electric Holdings 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. Johnson Electric Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.97%.

Johnson Electric Holdings ROCE % Historical Data

The historical data trend for Johnson Electric Holdings'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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Johnson Electric Holdings ROCE % Chart

Johnson Electric Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-14.97

9.11

6.00

6.33

9.77

Johnson Electric Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															4.45	4.52	8.74	10.60	9.97

Johnson Electric Holdings ROCE % Calculation

Johnson Electric Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	302.705	/	( ( (4101.59 - 981.411)	+	(4221.468 - 1146.571) )	/ 2 )
	=	302.705	/	( (3120.179	+	3074.897)	/ 2 )
	=	302.705	/	3097.538
	=	9.77 %

Johnson Electric Holdings'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	292.298	/	( ( (3995.408 - 1208.804)	+	(4221.468 - 1146.571) )	/ 2 )
	=	292.298	/	( ( 2786.604	+	3074.897 )	/ 2 )
	=	292.298	/	2930.7505
	=	9.97 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Johnson Electric Holdings (OTCPK:JEHLY) 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.

Johnson Electric Holdings ROCE % Related Terms

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Johnson Electric Holdings (Johnson Electric Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Johnson Electric Holdings Ltd (OTCPK:JEHLY) » Definitions » ROCE %

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JELCF:USA 00179:Hong Kong JOHB:Germany

Address

6th Floor, 12 Science Park East Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.johnsonelectric.com

Johnson Electric Holdings Ltd, along with its subsidiaries, is engaged in the manufacturing and selling of electro-mechanical motion systems and solutions. The company is organized into two business units: Automotive Products Group and Industry Products Group of which Automotive Products Group contributes the vast majority of its total revenue. Its automotive products include cooling fans, electric power steering motors, headlamp actuators, transmission and driveline actuators. Its industry segment offers medical devices, circuit breakers, power tools, industrial and laboratory equipment, building automation, and optronics. The company operates in Hong Kong, Switzerland, Canada, Serbia, and Others.

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