China Jicheng Holdings (HKSE:01027) ROCE % : -3.74% (As of Jun. 2023)

View and export this data going back to 2015. Start your Free Trial

What is China Jicheng Holdings 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. China Jicheng Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -3.74%.

China Jicheng Holdings ROCE % Historical Data

The historical data trend for China Jicheng Holdings'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.

China Jicheng Holdings ROCE % Chart

China Jicheng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-0.07

-6.50

-33.26

-6.09

-30.99

China Jicheng Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-52.97	-5.50	-6.68	-3.74	-59.08

China Jicheng Holdings ROCE % Calculation

China Jicheng Holdings'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 )
	=	-23.101	/	( ( (551.539 - 163.91)	+	(523.114 - 152.223) )	/ 2 )
	=	-23.101	/	( (387.629	+	370.891)	/ 2 )
	=	-23.101	/	379.26
	=	-6.09 %

China Jicheng Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-13.584	/	( ( (523.114 - 152.223)	+	(528.178 - 172.285) )	/ 2 )
	=	-13.584	/	( ( 370.891	+	355.893 )	/ 2 )
	=	-13.584	/	363.392
	=	-3.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

China Jicheng Holdings (HKSE:01027) 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.

China Jicheng Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of China Jicheng Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China Jicheng Holdings (HKSE:01027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Jicheng Holdings Ltd (HKSE:01027) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yonghe Industrial Section, Yonghe Town, Fujian Province, Jinjiang, CHN

Website

http://www.china-jicheng.cn

China Jicheng Holdings Ltd is an umbrella and parts manufacturing company. It manufactures and sells POE umbrellas, nylon umbrellas and umbrella parts such as plastic cloth and shaft. It exports its POE umbrellas, nylon umbrellas and umbrella parts to markets such as Japan, Hong Kong, South Korea, Taiwan, France, and Cambodia. The company generates the majority of revenues from Cambodia.

China Jicheng Holdings (HKSE:01027) Headlines

No Headlines