Jiangsu Sinonic Precision Alloy Co (BJSE:833914) ROCE % : 6.35% (As of Mar. 2024)

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What is Jiangsu Sinonic Precision Alloy 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 Sinonic Precision Alloy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.35%.

Jiangsu Sinonic Precision Alloy Co ROCE % Historical Data

The historical data trend for Jiangsu Sinonic Precision Alloy 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 Sinonic Precision Alloy Co ROCE % Chart

Jiangsu Sinonic Precision Alloy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.74

20.42

24.36

9.15

3.99

Jiangsu Sinonic Precision Alloy Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.04	6.35	5.75	-3.05	6.35

Jiangsu Sinonic Precision Alloy Co ROCE % Calculation

Jiangsu Sinonic Precision Alloy 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 )
	=	35.192	/	( ( (977.396 - 97.891)	+	(983.326 - 100.572) )	/ 2 )
	=	35.192	/	( (879.505	+	882.754)	/ 2 )
	=	35.192	/	881.1295
	=	3.99 %

Jiangsu Sinonic Precision Alloy 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 )
	=	55.732	/	( ( (983.326 - 100.572)	+	(1036.37 - 162.631) )	/ 2 )
	=	55.732	/	( ( 882.754	+	873.739 )	/ 2 )
	=	55.732	/	878.2465
	=	6.35 %

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

Jiangsu Sinonic Precision Alloy Co (BJSE:833914) 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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Jiangsu Sinonic Precision Alloy Co (BJSE:833914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Sinonic Precision Alloy Co Ltd (BJSE:833914) » Definitions » ROCE %

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Address

Luyuan Road (Nanyue Village), Environmental Protection Technology Industrial Park, Yixing Huankeyuan, Yixing City, Jiangsu Province, Wuxi City, CHN, 214205

Website

Jiangsu Sinonic Precision Alloy Co Ltd engages in research, development, production, and sales of non-ferrous metal precision alloys, production of non-ferrous metal precision alloy materials, precision nickel alloy strips, foils, and non-ferrous metal composite materials. Its products are used in aerospace, aviation, electric vehicles, electric tools, batteries, computers, and mobile phones industries.

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