EC Precision Technology (Jiangsu) (BJSE:836221) ROCE % : 18.34% (As of Mar. 2024)

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What is EC Precision Technology (Jiangsu) 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. EC Precision Technology (Jiangsu)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 18.34%.

EC Precision Technology (Jiangsu) ROCE % Historical Data

The historical data trend for EC Precision Technology (Jiangsu)'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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EC Precision Technology (Jiangsu) ROCE % Chart

EC Precision Technology (Jiangsu) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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16.56

16.33

21.96

26.47

25.20

EC Precision Technology (Jiangsu) Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.15	17.84	19.22	23.46	18.34

EC Precision Technology (Jiangsu) ROCE % Calculation

EC Precision Technology (Jiangsu)'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 )
	=	46.337	/	( ( (227.312 - 95.041)	+	(343.928 - 108.512) )	/ 2 )
	=	46.337	/	( (132.271	+	235.416)	/ 2 )
	=	46.337	/	183.8435
	=	25.20 %

EC Precision Technology (Jiangsu)'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 )
	=	71.88	/	( ( (482.191 - 97.615)	+	(497.002 - 97.571) )	/ 2 )
	=	71.88	/	( ( 384.576	+	399.431 )	/ 2 )
	=	71.88	/	392.0035
	=	18.34 %

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

EC Precision Technology (Jiangsu) (BJSE:836221) 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.

EC Precision Technology (Jiangsu) ROCE % Related Terms

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EC Precision Technology (Jiangsu) (BJSE:836221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EC Precision Technology (Jiangsu) Corp (BJSE:836221) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1018, Taiping North Road, Chongchuan District, Jiangsu Province, Nantong, CHN, 226006

Website

http://www.ecprecision.com

EC Precision Technology (Jiangsu) Corp is engaged in the research and development, production and sales of automotive precision metal parts.

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