Jinko Solar Co (SHSE:688223) ROCE % : 8.71% (As of Dec. 2023)

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What is Jinko 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. Jinko Solar Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.71%.

Jinko Solar Co ROCE % Historical Data

The historical data trend for Jinko 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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Jinko Solar Co ROCE % Chart

Jinko Solar Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.09

16.95

10.53

9.30

12.00

Jinko Solar Co Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.80	20.90	25.06	21.23	8.71

Jinko Solar Co ROCE % Calculation

Jinko Solar Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	4196.896	/	( ( (72871.08 - 46803.787)	+	(105643.131 - 61788.698) )	/ 2 )
	=	4196.896	/	( (26067.293	+	43854.433)	/ 2 )
	=	4196.896	/	34960.863
	=	12.00 %

Jinko Solar Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	5155.884	/	( ( (124330.069 - 66230.954)	+	(132116.542 - 71841.058) )	/ 2 )
	=	5155.884	/	( ( 58099.115	+	60275.484 )	/ 2 )
	=	5155.884	/	59187.2995
	=	8.71 %

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

Jinko Solar Co (SHSE:688223) 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.

Jinko Solar Co ROCE % Related Terms

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Jinko Solar Co (SHSE:688223) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jinko Solar Co Ltd (SHSE:688223) » Definitions » ROCE %

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Address

No. 1, Jinke Avenue, Economic Development Zone, Jiangxi Province, Shangrao City, CHN, 334000

Website

https://www.jinkosolar.com

Jinko Solar Co Ltd is engaged in the research and development, production and sales of solar photovoltaic modules, cells and silicon wafers.

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