Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) ROCE % : 3.88% (As of Mar. 2024)

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What is Jiangsu DINGS Intelligent Control Technology 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 DINGS Intelligent Control Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.88%.

Jiangsu DINGS Intelligent Control Technology Co ROCE % Historical Data

The historical data trend for Jiangsu DINGS Intelligent Control Technology 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 DINGS Intelligent Control Technology Co ROCE % Chart

Jiangsu DINGS Intelligent Control Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

48.23

10.69

62.46

61.43

61.31

Jiangsu DINGS Intelligent Control Technology Co Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													59.39	15.30	8.70	9.16	3.88

Jiangsu DINGS Intelligent Control Technology Co ROCE % Calculation

Jiangsu DINGS Intelligent Control Technology 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 )
	=	119.493	/	( ( (162.708 - 46.576)	+	(366.858 - 93.162) )	/ 2 )
	=	119.493	/	( (116.132	+	273.696)	/ 2 )
	=	119.493	/	194.914
	=	61.31 %

Jiangsu DINGS Intelligent Control Technology 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 )
	=	26.044	/	( ( (715.921 - 47.046)	+	(719.525 - 45.563) )	/ 2 )
	=	26.044	/	( ( 668.875	+	673.962 )	/ 2 )
	=	26.044	/	671.4185
	=	3.88 %

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

Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) 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 DINGS Intelligent Control Technology Co ROCE % Related Terms

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Jiangsu DINGS Intelligent Control Technology Co (BJSE:873593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu DINGS Intelligent Control Technology Co Ltd (BJSE:873593) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 355, Longjin Road, Lucheng Street, Changzhou Economic Development Zone, Jiangsu Province, Nanjing, CHN, 213000

Website

https://www.dingsmotion.cn

Jiangsu DINGS Intelligent Control Technology Co Ltd engages in the design, development, production, and sales of linear actuators, hybrid stepper motors, DC motors, voice coil motors, and their components. Its product offering comprises Stepper Lead Screw Linear Actuator, Stepper Ball Screw Linear Actuator, PM Linear Actuator, Hybrid Rotary Stepper Motor., Hollow Shaft Stepper Motor, Brushless DC Motor, Slotless Brushless DC Motor, Voice Coil Motor, Motion Controller, Customization Options, Gripper, and DLM Series.

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