Everbright Jiabao Co (SHSE:600622) ROCE % : 1.04% (As of Mar. 2024)

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What is Everbright Jiabao 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. Everbright Jiabao Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.04%.

Everbright Jiabao Co ROCE % Historical Data

The historical data trend for Everbright Jiabao 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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Everbright Jiabao Co ROCE % Chart

Everbright Jiabao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.15

5.80

4.76

4.36

-6.15

Everbright Jiabao 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															3.20	-6.07	4.00	-27.45	1.04

Everbright Jiabao Co ROCE % Calculation

Everbright Jiabao 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 )
	=	-1198.133	/	( ( (30301.472 - 7645.015)	+	(24724.807 - 8435.7) )	/ 2 )
	=	-1198.133	/	( (22656.457	+	16289.107)	/ 2 )
	=	-1198.133	/	19472.782
	=	-6.15 %

Everbright Jiabao 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 )
	=	168.608	/	( ( (24724.807 - 8435.7)	+	(24646.38 - 8359.453) )	/ 2 )
	=	168.608	/	( ( 16289.107	+	16286.927 )	/ 2 )
	=	168.608	/	16288.017
	=	1.04 %

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

Everbright Jiabao Co (SHSE:600622) 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.

Everbright Jiabao Co ROCE % Related Terms

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Everbright Jiabao Co (SHSE:600622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Everbright Jiabao Co Ltd (SHSE:600622) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-6, Lane 333, Yima Road, 10-15 Floor, Jiabao Building, Jiading District, Shanghai, CHN, 201801

Website

http://www.ebjb.com

Everbright Jiabao Co Ltd is primarily involved in the Real estate asset management, real estate investment and real estate development activities.

Executives

Qian Ming	Director
Cao Ping	senior management
Sun Hong Liang	senior management
Shen Pei Xin	senior management
Chen Bo Xing	senior management
Yu Jie	senior management
Le Yong Hua	Supervisors
Yan De Song	senior management

Everbright Jiabao Co (SHSE:600622) Headlines

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