Jiu Rong Holdings (HKSE:02358) ROCE % : 1.86% (As of Dec. 2024)

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What is Jiu Rong 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. Jiu Rong Holdings's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.86%.

Jiu Rong Holdings ROCE % Historical Data

The historical data trend for Jiu Rong 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.

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Jiu Rong Holdings ROCE % Chart

Jiu Rong Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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12.05

8.82

-2.44

-40.15

2.58

Jiu Rong Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-6.28	4.20	-85.00	3.21	1.86

Jiu Rong Holdings ROCE % Calculation

Jiu Rong Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	11.388	/	( ( (2235.658 - 1677.926)	+	(2090.291 - 1764.241) )	/ 2 )
	=	11.388	/	( (557.732	+	326.05)	/ 2 )
	=	11.388	/	441.891
	=	2.58 %

Jiu Rong Holdings's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	6.998	/	( ( (2106.023 - 1680.647)	+	(2090.291 - 1764.241) )	/ 2 )
	=	6.998	/	( ( 425.376	+	326.05 )	/ 2 )
	=	6.998	/	375.713
	=	1.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Jiu Rong Holdings (HKSE:02358) 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.

Jiu Rong Holdings ROCE % Related Terms

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Jiu Rong Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiu Rong Holdings Ltd (HKSE:02358) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1 Harbour Road, Flat 8, 49th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.jiurongkg.com

Jiu Rong Holdings Ltd is an investment holding company. Its Digital Video business segment, which is the key revenue driver, carries out the manufacturing and sales of digital television (TV), high definition liquid crystal display TV, and set-top boxes as well as provision of application of solutions regarding the integration of telecommunication, TV, and internet in the digital audiovisual industry. The other segments of the group are the New energy vehicles business; Cloud Ecological Big Data Business; Properties development, Properties investment and, General Trading. The group has a business presence in the PRC, Hong Kong, and Cuba, of which a majority of revenue is generated from the PRC.

Executives

Soyea Technology Co., Ltd.

2101 Beneficial owner

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