Ningxia Jiaze Renewables (SHSE:601619) ROCE % : 7.77% (As of Mar. 2024)

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What is Ningxia Jiaze Renewables 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. Ningxia Jiaze Renewables's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.77%.

Ningxia Jiaze Renewables ROCE % Historical Data

The historical data trend for Ningxia Jiaze Renewables'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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Ningxia Jiaze Renewables ROCE % Chart

Ningxia Jiaze Renewables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.95

4.70

10.34

5.71

6.44

Ningxia Jiaze Renewables 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															10.30	6.02	11.37	-1.88	7.77

Ningxia Jiaze Renewables ROCE % Calculation

Ningxia Jiaze Renewables'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 )
	=	1037.992	/	( ( (19090.487 - 4135.965)	+	(19857.012 - 2588.609) )	/ 2 )
	=	1037.992	/	( (14954.522	+	17268.403)	/ 2 )
	=	1037.992	/	16111.4625
	=	6.44 %

Ningxia Jiaze Renewables'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 )
	=	1403.216	/	( ( (19857.012 - 2588.609)	+	(20870.968 - 2017.805) )	/ 2 )
	=	1403.216	/	( ( 17268.403	+	18853.163 )	/ 2 )
	=	1403.216	/	18060.783
	=	7.77 %

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

Ningxia Jiaze Renewables (SHSE:601619) 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.

Ningxia Jiaze Renewables ROCE % Related Terms

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Ningxia Jiaze Renewables (SHSE:601619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ningxia Jiaze Renewables Corp Ltd (SHSE:601619) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ningxia Hui Autonomous Region, Hongsipu District, Dahe Township, Xunzi, Wuzhong, CHN, 751999

Website

http://www.jzne.net.cn

Ningxia Jiaze Renewables Corp Ltd is engaged in the utility business. Its business includes the construction and operation of power plants for solar energy, wind energy, and bio-energy.

Executives

Chen Bo	Director
Han Xiao Dong	senior management
Zhao Ji Wei	Director
Zhang Jian Jun	Director
Ju Xin Tuan	senior management
Wang Qiang	senior management
Yang Ning	senior management
Yang Jie	Supervisors
Zhang Song	Supervisors
Yang Fan	Supervisors
An Zhen Min	senior management

Ningxia Jiaze Renewables (SHSE:601619) Headlines

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