Jiangxi Hongdu Aviation Industry Co (SHSE:600316) ROCE % : -0.73% (As of Mar. 2024)

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What is Jiangxi Hongdu Aviation Industry 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. Jiangxi Hongdu Aviation Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.73%.

Jiangxi Hongdu Aviation Industry Co ROCE % Historical Data

The historical data trend for Jiangxi Hongdu Aviation Industry 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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Jiangxi Hongdu Aviation Industry Co ROCE % Chart

Jiangxi Hongdu Aviation Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.12

3.08

3.26

2.87

0.62

Jiangxi Hongdu Aviation Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.10	1.77	-0.48	2.32	-0.73

Jiangxi Hongdu Aviation Industry Co ROCE % Calculation

Jiangxi Hongdu Aviation Industry 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 )
	=	33.261	/	( ( (17234.183 - 11893.425)	+	(15618.069 - 10282.574) )	/ 2 )
	=	33.261	/	( (5340.758	+	5335.495)	/ 2 )
	=	33.261	/	5338.1265
	=	0.62 %

Jiangxi Hongdu Aviation Industry Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-38.896	/	( ( (15618.069 - 10282.574)	+	(15153.327 - 9828.587) )	/ 2 )
	=	-38.896	/	( ( 5335.495	+	5324.74 )	/ 2 )
	=	-38.896	/	5330.1175
	=	-0.73 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Jiangxi Hongdu Aviation Industry Co (SHSE:600316) 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.

Jiangxi Hongdu Aviation Industry Co ROCE % Related Terms

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Jiangxi Hongdu Aviation Industry Co (SHSE:600316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Jiangxi Hongdu Aviation Industry Co Ltd (SHSE:600316) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinxi Bridge, Jiangxi province, Nanchang, CHN, 330024

Website

http://www.hongdu-aviation.com

Jiangxi Hongdu Aviation Industry Co Ltd engages in the manufacture and sale of aviation products, motorcycles, and engines. The company operates through Trainer Business, Subcontract Production Business, and General Aviation Business segments. The main products of the K8 series jet trainer and the first teacher six-propeller trainer are exported to many countries and regions such as Asia, Africa, and the Americas. Further, the group act as the main export base for China's trainer aircraft, agricultural and forestry aircraft research and production bases and aviation foreign trade.

Executives

Jin Lei

senior management

Jiangxi Hongdu Aviation Industry Co (SHSE:600316) Headlines

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