Jisheng Group Holdings (HKSE:08133) ROC % : 0.00% (As of Jun. 2024)

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What is Jisheng Group Holdings ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Jisheng Group Holdings's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was 0.00%.

As of today (2025-04-05), Jisheng Group Holdings's WACC % is 2.44%. Jisheng Group Holdings's ROC % is -24.96% (calculated using TTM income statement data). Jisheng Group Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Jisheng Group Holdings ROC % Historical Data

The historical data trend for Jisheng Group Holdings's ROC % 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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Jisheng Group Holdings ROC % Chart

Jisheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

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-11.05

-54.52

-34.63

-17.58

-25.86

Jisheng Group Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROC %	Get a 7-Day Free Trial															-15.73	-262.38	-15.54	184.42	-

Jisheng Group Holdings ROC % Calculation

Jisheng Group Holdings's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-7.271 * ( 1 - 0% )	/	( (26.169	+	30.058)	/ 2 )
=	-7.271	/	28.1135
=	-25.86 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	50.172	-	21.204	-	( 2.799	-	max(0, 36.232	-	43.352	+	2.799	))
=	26.169

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	41.488	-	5.947	-	( 5.483	-	max(0, 12.549	-	37.593	+	5.483	))
=	30.058

Jisheng Group Holdings's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	0 * ( 1 - 0% )	/	( (30.058	+	34.359)	/ 2 )
=	0	/	32.2085
=	0.00 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	41.488	-	5.947	-	( 5.483	-	max(0, 12.549	-	37.593	+	5.483	))
=	30.058

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	44.569	-	6.409	-	( 3.801	-	max(0, 19.109	-	42.857	+	3.801	))
=	34.359

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

Jisheng Group Holdings (HKSE:08133) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Jisheng Group Holdings's WACC % is 2.44%. Jisheng Group Holdings's ROC % is -24.96% (calculated using TTM income statement data). Jisheng Group Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Jisheng Group Holdings ROC % Related Terms

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Jisheng Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jisheng Group Holdings Ltd (HKSE:08133) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

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Address

88 Connaught Road West, Room 1201, 12th Floor, Guangdong Finance Building, Hong Kong, HKG

Website

https://www.jishenggroup.com

Jisheng Group Holdings Ltd Formerly Solomon Worldwide Holdings Ltd is an investment holding company. The company's operating segment includes Metal casting and Financial printing. The metal casting products consist of pump components, valve components, filter components, and food machinery components, which are made of stainless steel, carbon steel, bronze, and/or grey iron. The financial printing segment provides typesetting, translation, cover and layout design, printing and binding, distribution, and media placement services in relation to the financial reports, announcements, shareholders circulars, and IPO prospectuses, for its customers. It generates maximum revenue from the metal casting segment. Geographically, it derives a majority of its revenue from Germany.

Executives

Woo Lan Ying	2101 Beneficial owner
Cheung Siu Wo	2101 Beneficial owner
Ling Pui Chi	2101 Beneficial owner
Li Kwok Fan	2101 Beneficial owner
Fang Jinhuo	2101 Beneficial owner
Chung Hon Man	2101 Beneficial owner

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