Jingbo Technology (Jingbo Technology) ROCE % : -112.69% (As of Nov. 2023)

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What is Jingbo Technology 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. Jingbo Technology's annualized ROCE % for the quarter that ended in Nov. 2023 was -112.69%.

Jingbo Technology ROCE % Historical Data

The historical data trend for Jingbo Technology'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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Jingbo Technology ROCE % Chart

Jingbo Technology Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-81.73

-47.96

Jingbo Technology Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-	-98.82	-47.65	-83.35	-112.69

Jingbo Technology ROCE % Calculation

Jingbo Technology's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-5.768	/	( ( (18.358 - 3.28)	+	(12.877 - 3.902) )	/ 2 )
	=	-5.768	/	( (15.078	+	8.975)	/ 2 )
	=	-5.768	/	12.0265
	=	-47.96 %

Jingbo Technology's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-4.528	/	( ( (12.514 - 7.131)	+	(12.421 - 9.768) )	/ 2 )
	=	-4.528	/	( ( 5.383	+	2.653 )	/ 2 )
	=	-4.528	/	4.018
	=	-112.69 %

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

Jingbo Technology (OTCPK:SVMB) 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.

Jingbo Technology ROCE % Related Terms

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Jingbo Technology (Jingbo Technology) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Jingbo Technology Inc (OTCPK:SVMB) » Definitions » ROCE %

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Address

Yinhu Street, Building B8, China Zhigu, Fuyang District, Hangzhou, Zhejiang, CHN

Website

SavMobi Technology Inc is a china based company engaged in the provision of commercial mobile technical support services.

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