Ning Xia Ju Neng Robotics Co (BJSE:871478) ROCE % : 1.36% (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Ning Xia Ju Neng Robotics 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. Ning Xia Ju Neng Robotics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.36%.

Ning Xia Ju Neng Robotics Co ROCE % Historical Data

The historical data trend for Ning Xia Ju Neng Robotics 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.

* Premium members only.

Ning Xia Ju Neng Robotics Co ROCE % Chart

Ning Xia Ju Neng Robotics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

5.03

26.21

45.27

34.38

29.52

Ning Xia Ju Neng Robotics Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-7.01	20.39	-7.77	2.25	1.36

Ning Xia Ju Neng Robotics Co ROCE % Calculation

Ning Xia Ju Neng Robotics Co'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 )
	=	37.824	/	( ( (372.255 - 260.872)	+	(316.402 - 171.519) )	/ 2 )
	=	37.824	/	( (111.383	+	144.883)	/ 2 )
	=	37.824	/	128.133
	=	29.52 %

Ning Xia Ju Neng Robotics Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	4.212	/	( ( (450.466 - 141.337)	+	(472.967 - 161.757) )	/ 2 )
	=	4.212	/	( ( 309.129	+	311.21 )	/ 2 )
	=	4.212	/	310.1695
	=	1.36 %

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

Ning Xia Ju Neng Robotics Co (BJSE:871478) 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.

Ning Xia Ju Neng Robotics Co ROCE % Related Terms

Thank you for viewing the detailed overview of Ning Xia Ju Neng Robotics Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ning Xia Ju Neng Robotics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ning Xia Ju Neng Robotics Co Ltd (BJSE:871478) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 296, Tongxin South Street, Yinchuan Economic and Technological Development Zone, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750021

Website

http://www.jnrobot.com.cn

Ning Xia Ju Neng Robotics Co Ltd is engaged in the production and sales of robotic automation devices and logistics systems.

Ning Xia Ju Neng Robotics Co Headlines

No Headlines