JL Mag Rare-Earth Co (SZSE:300748) ROCE % : 4.64% (As of Dec. 2023)

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What is JL Mag Rare-Earth 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. JL Mag Rare-Earth Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.64%.

JL Mag Rare-Earth Co ROCE % Historical Data

The historical data trend for JL Mag Rare-Earth 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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JL Mag Rare-Earth Co ROCE % Chart

JL Mag Rare-Earth Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.68

16.05

20.51

15.73

8.90

JL Mag Rare-Earth 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															2.13	11.30	9.93	9.77	4.64

JL Mag Rare-Earth Co ROCE % Calculation

JL Mag Rare-Earth 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 )
	=	665.357	/	( ( (11220.456 - 4111.296)	+	(11825.954 - 3983.495) )	/ 2 )
	=	665.357	/	( (7109.16	+	7842.459)	/ 2 )
	=	665.357	/	7475.8095
	=	8.90 %

JL Mag Rare-Earth 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 )
	=	361.296	/	( ( (11396.576 - 3660.885)	+	(11825.954 - 3983.495) )	/ 2 )
	=	361.296	/	( ( 7735.691	+	7842.459 )	/ 2 )
	=	361.296	/	7789.075
	=	4.64 %

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

JL Mag Rare-Earth Co (SZSE:300748) 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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JL Mag Rare-Earth Co (SZSE:300748) Business Description

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06680:Hong Kong 3KLA:Germany

Address

81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.jlmag.com.cn

JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

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