Jiangsu Ever-tie Lighting Co (BJSE:873339) ROCE % : 9.74% (As of Mar. 2024)

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What is Jiangsu Ever-tie Lighting 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 Ever-tie Lighting Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.74%.

Jiangsu Ever-tie Lighting Co ROCE % Historical Data

The historical data trend for Jiangsu Ever-tie Lighting 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 Ever-tie Lighting Co ROCE % Chart

Jiangsu Ever-tie Lighting Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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37.72

21.86

31.42

34.59

14.84

Jiangsu Ever-tie Lighting Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.36	21.38	25.63	7.54	9.74

Jiangsu Ever-tie Lighting Co ROCE % Calculation

Jiangsu Ever-tie Lighting 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 )
	=	85.055	/	( ( (722.861 - 144.22)	+	(768.695 - 200.926) )	/ 2 )
	=	85.055	/	( (578.641	+	567.769)	/ 2 )
	=	85.055	/	573.205
	=	14.84 %

Jiangsu Ever-tie Lighting 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 )
	=	55.892	/	( ( (768.695 - 200.926)	+	(740.143 - 160.5) )	/ 2 )
	=	55.892	/	( ( 567.769	+	579.643 )	/ 2 )
	=	55.892	/	573.706
	=	9.74 %

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

Jiangsu Ever-tie Lighting Co (BJSE:873339) 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.

Jiangsu Ever-tie Lighting Co ROCE % Related Terms

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Jiangsu Ever-tie Lighting Co (BJSE:873339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Ever-tie Lighting Co Ltd (BJSE:873339) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18 Fuxing East Road, Nantong Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 226010

Website

http://www.evertielighting.com

Jiangsu Ever-tie Lighting Co Ltd designs develops and manufactures energy-saving, environment-friendly lighting fixtures width advanced LED technology. It offers industrial lighting and commercial lighting products.

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