JG Environmental Technology Co (ROCO:6723) ROCE % : 11.68% (As of Dec. 2023)

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What is JG Environmental 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. JG Environmental Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.68%.

JG Environmental Technology Co ROCE % Historical Data

The historical data trend for JG Environmental 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.

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JG Environmental Technology Co ROCE % Chart

JG Environmental Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.76

12.53

-0.86

9.89

23.09

JG Environmental Technology Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											2.69	6.09	13.49	35.53	11.68

JG Environmental Technology Co ROCE % Calculation

JG Environmental 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 )
	=	95.743	/	( ( (882.256 - 500.594)	+	(816.807 - 369.328) )	/ 2 )
	=	95.743	/	( (381.662	+	447.479)	/ 2 )
	=	95.743	/	414.5705
	=	23.09 %

JG Environmental Technology Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	50.286	/	( ( (1107.967 - 694.736)	+	(816.807 - 369.328) )	/ 2 )
	=	50.286	/	( ( 413.231	+	447.479 )	/ 2 )
	=	50.286	/	430.355
	=	11.68 %

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

JG Environmental Technology Co (ROCO:6723) 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.

JG Environmental Technology Co ROCE % Related Terms

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JG Environmental Technology Co (ROCO:6723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JG Environmental Technology Co (ROCO:6723) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 461, Zhongfeng Road, 10th Floor, No. 180, Longtan District, Taoyuan City, TWN

Website

https://www.jgok.net

JG Environmental Technology Co is engaged in designing, manufacturing and installation of air pollution and energy recovery equipment and systems. The company's products include ESCO environmental protection system and equipment, Gaseous pollutant purification and deodorization equipment, Acid gas and particle removal equipment, and VOCs exhaust gas treatment system among others.

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