Jianpu Technology (FRA:JT13) ROCE % : -2.51% (As of Dec. 2023)

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What is Jianpu Technology 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. Jianpu Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.51%.

Jianpu Technology ROCE % Historical Data

The historical data trend for Jianpu Technology'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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Jianpu Technology ROCE % Chart

Jianpu Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.17

-32.98

-43.08

-28.26

-10.04

Jianpu Technology Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-27.31	-21.01	-8.12	-7.88	-2.51

Jianpu Technology ROCE % Calculation

Jianpu Technology'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 )
	=	-5.866	/	( ( (130.295 - 68.948)	+	(119.669 - 64.122) )	/ 2 )
	=	-5.866	/	( (61.347	+	55.547)	/ 2 )
	=	-5.866	/	58.447
	=	-10.04 %

Jianpu Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.404	/	( ( (123.274 - 67.065)	+	(119.669 - 64.122) )	/ 2 )
	=	-1.404	/	( ( 56.209	+	55.547 )	/ 2 )
	=	-1.404	/	55.878
	=	-2.51 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Jianpu Technology (FRA:JT13) 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.

Jianpu Technology ROCE % Related Terms

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Jianpu Technology (FRA:JT13) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Jianpu Technology Inc (FRA:JT13) » Definitions » ROCE %

Comparable Companies

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JT:USA

Address

19 South Haidian Road, 5F Times Cyber Building, Haidian District, Beijing, CHN, 100086

Website

http://www.jianpu.ai

Jianpu Technology Inc is an independent open platform for providing online discovery and recommendation services for financial products in China. The company provides users with personalized search results and recommendations services such as loan applications, credit card services, and advertising and marketing services to its financial needs and credit profile. The individual users have access to financial products through the platform, including credit cards, and wealth management products. In addition, it also offers data risk management solutions to financial service providers which help in application approval, fraud detection and prevention and other credit underwriting processes. The company generates revenues from fees charged for services for loan products.

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