Gansu Jingang Solar Co (SZSE:300093) ROCE % : -34.32% (As of Mar. 2024)

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What is Gansu Jingang Solar 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. Gansu Jingang Solar Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -34.32%.

Gansu Jingang Solar Co ROCE % Historical Data

The historical data trend for Gansu Jingang Solar 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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Gansu Jingang Solar Co ROCE % Chart

Gansu Jingang Solar Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.50

-18.33

-24.56

-24.16

-30.45

Gansu Jingang Solar 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															-9.55	-18.87	-17.34	-58.61	-34.32

Gansu Jingang Solar Co ROCE % Calculation

Gansu Jingang Solar 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 )
	=	-311.476	/	( ( (2476.015 - 1547.878)	+	(2910.689 - 1793.233) )	/ 2 )
	=	-311.476	/	( (928.137	+	1117.456)	/ 2 )
	=	-311.476	/	1022.7965
	=	-30.45 %

Gansu Jingang Solar 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 )
	=	-310.348	/	( ( (2910.689 - 1793.233)	+	(2835.344 - 2144.142) )	/ 2 )
	=	-310.348	/	( ( 1117.456	+	691.202 )	/ 2 )
	=	-310.348	/	904.329
	=	-34.32 %

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

Gansu Jingang Solar Co (SZSE:300093) 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.

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Gansu Jingang Solar Co (SZSE:300093) Business Description

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Address

No. 1, Xiyuanjing 5th Road, Room 2-12, 2nd Floor, Chuangye Building, Economic and Technological Development Zone, Suzhou District, Gansu Province, Jiuquan, CHN, 215200

Website

https://www.golden-glass.com

Gansu Jingang Solar Co Ltd formerly Gansu Golden Glass Technologies Ltd is engaged in research, development, and sale of high end special building glass. The products offered by the company include super tough fire resistant glass, blast resistant glass, and hurricane resistant glass.

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