Jishanye (Jishanye) ROCE % : -99.78% (As of Mar. 2016)

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What is Jishanye 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. Jishanye's annualized ROCE % for the quarter that ended in Mar. 2016 was -99.78%.

Jishanye ROCE % Historical Data

The historical data trend for Jishanye'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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Jishanye ROCE % Chart

Jishanye Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

ROCE %

-211.72

Jishanye Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
ROCE %	Get a 7-Day Free Trial										-	-37.40	-52.92	-80.73	-99.78

Jishanye ROCE % Calculation

Jishanye's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-0.253	/	( ( (0.015 - 0.274)	+	(1.067 - 0.569) )	/ 2 )
	=	-0.253	/	( (-0.259	+	0.498)	/ 2 )
	=	-0.253	/	0.1195
	=	-211.72 %

Jishanye's ROCE % of for the quarter that ended in Mar. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2016 )		(Q: Dec. 2015 )		(Q: Mar. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2016 )		(Q: Dec. 2015 )		(Q: Mar. 2016 )
	=	-0.444	/	( ( (1.067 - 0.569)	+	(1.095 - 0.703) )	/ 2 )
	=	-0.444	/	( ( 0.498	+	0.392 )	/ 2 )
	=	-0.444	/	0.445
	=	-99.78 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2016) EBIT data.

Jishanye (GREY:JSHY) 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.

Jishanye ROCE % Related Terms

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Jishanye (Jishanye) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Jishanye Inc (GREY:JSHY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 247, Minsheng 1st Road, 7th Floor, Xinxing District, Kaohsiung City, TWN, 800

Website

http://www.jishanye.com

Jishanye Inc through its subsidiary provides funeral management services. The company is engaged in one single operating segment consisting of funeral management services in Taiwan. The company's funeral management services include providing the necessary setting and personnel to meet the grieving family's religious and cultural preferences. The firm also offers death care management consultancy services to small and medium-sized enterprises. Its other services consist of providing the family with funeral merchandise, such as a coffin, funeral clothes, mourning dress, flowers, wreaths, candles, funerary offerings, cremation urns, cemetery plots and management of the cemetery.

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