Guangdong Jingyi Metal Co (SZSE:002295) ROCE % : 3.25% (As of Mar. 2024)

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What is Guangdong Jingyi Metal 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. Guangdong Jingyi Metal Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.25%.

Guangdong Jingyi Metal Co ROCE % Historical Data

The historical data trend for Guangdong Jingyi Metal 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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Guangdong Jingyi Metal Co ROCE % Chart

Guangdong Jingyi Metal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.83

6.64

7.86

3.54

2.20

Guangdong Jingyi Metal 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															3.34	5.62	3.79	-4.05	3.25

Guangdong Jingyi Metal Co ROCE % Calculation

Guangdong Jingyi Metal 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 )
	=	30.99	/	( ( (2300.416 - 898.259)	+	(2049.19 - 629.401) )	/ 2 )
	=	30.99	/	( (1402.157	+	1419.789)	/ 2 )
	=	30.99	/	1410.973
	=	2.20 %

Guangdong Jingyi Metal 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 )
	=	46.368	/	( ( (2049.19 - 629.401)	+	(2011.88 - 577.136) )	/ 2 )
	=	46.368	/	( ( 1419.789	+	1434.744 )	/ 2 )
	=	46.368	/	1427.2665
	=	3.25 %

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

Guangdong Jingyi Metal Co (SZSE:002295) 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.

Guangdong Jingyi Metal Co ROCE % Related Terms

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Guangdong Jingyi Metal Co (SZSE:002295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Jingyi Metal Co Ltd (SZSE:002295) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xihai Industrial Zone, Beijiao Town, Shunde District, Guangdong, Foshan, CHN, 528311

Website

http://www.jingyimetal.com

Guangdong Jingyi Metal Co Ltd is engaged in the copper processing industry which include precision copper pipe and copper pipe deep processing and supply chain service trade. The products of the company include precision copper tube parts for refrigerator, precision copper pipe parts for gas, and oxygen free copper magnetron for microwave.

Executives

Zhu Chao Rong	Supervisors
Yu Min Shan	Securities Affairs Representative
Zhang Zhou	Executives, directors
Chang Zheng	Executives
Wei Guo	Directors, executives
Zhang Jun	Director
Zhu Xu	Director
Feng Jing Ming	Director
Yang Lin Zhang	Directors, executives
He Shu Hua	Director
Li Wei Bin	Directors, executives

Guangdong Jingyi Metal Co (SZSE:002295) Headlines

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