Jiangsu Expressway Co (STU:JE2) ROCE % : 4.16% (As of Dec. 2023)

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What is Jiangsu Expressway 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. Jiangsu Expressway Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.16%.

Jiangsu Expressway Co ROCE % Historical Data

The historical data trend for Jiangsu Expressway 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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Jiangsu Expressway Co ROCE % Chart

Jiangsu Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.31

8.11

12.37

8.97

9.82

Jiangsu Expressway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.85	11.37	11.17	13.56	4.16

Jiangsu Expressway Co ROCE % Calculation

Jiangsu Expressway 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 )
	=	866.677	/	( ( (10623.618 - 1847.563)	+	(10102.314 - 1226.413) )	/ 2 )
	=	866.677	/	( (8776.055	+	8875.901)	/ 2 )
	=	866.677	/	8825.978
	=	9.82 %

Jiangsu Expressway 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 )
	=	369.148	/	( ( (10203.427 - 1341.27)	+	(10102.314 - 1226.413) )	/ 2 )
	=	369.148	/	( ( 8862.157	+	8875.901 )	/ 2 )
	=	369.148	/	8869.029
	=	4.16 %

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

Jiangsu Expressway Co (STU:JE2) 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.

Jiangsu Expressway Co ROCE % Related Terms

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Jiangsu Expressway Co (STU:JE2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangsu Expressway Co Ltd (STU:JE2) » Definitions » ROCE %

Traded in Other Exchanges

JEXYY:USA JEXYF:USA 00177:Hong Kong JE2:Germany 600377:China

Address

6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049

Website

http://www.jsexpressway.com

Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.

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