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Zhejiang Jiezhong Science and Technology Co (BJSE:873690) ROCE % : 14.70% (As of Sep. 2024)


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What is Zhejiang Jiezhong Science and 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. Zhejiang Jiezhong Science and Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.70%.


Zhejiang Jiezhong Science and Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Jiezhong Science and 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.

* Premium members only.

Zhejiang Jiezhong Science and Technology Co ROCE % Chart

Zhejiang Jiezhong Science and Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 19.28 13.21 11.01 12.07 10.87

Zhejiang Jiezhong Science and Technology Co Quarterly Data
Dec14 Dec15 Dec16 Jun17 Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.46 14.34 14.70 10.21 14.70

Zhejiang Jiezhong Science and Technology Co ROCE % Calculation

Zhejiang Jiezhong Science and Technology 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 )
=47.438/( ( (435.737 - 61.461) + (574.51 - 76.312) )/ 2 )
=47.438/( (374.276+498.198)/ 2 )
=47.438/436.237
=10.87 %

Zhejiang Jiezhong Science and Technology 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 )
=78.292/( ( (582.63 - 58.506) + (610.143 - 69.306) )/ 2 )
=78.292/( ( 524.124 + 540.837 )/ 2 )
=78.292/532.4805
=14.70 %

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

* 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.


Zhejiang Jiezhong Science and Technology Co  (BJSE:873690) 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.


Zhejiang Jiezhong Science and Technology Co ROCE % Related Terms

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Zhejiang Jiezhong Science and Technology Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Anchang Jiezhong Science and Technology Industrial Park, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312055
Zhejiang Jiezhong Science and Technology Co Ltd is engaged in research and development, production and sales of precision automotive parts such as automotive wiper system components, automotive door and window system components and automotive air conditioning system components.

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