Jiangxi Changyun Co (SHSE:600561) ROCE % : 6.53% (As of Sep. 2024)

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What is Jiangxi Changyun 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 Changyun Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.53%.

Jiangxi Changyun Co ROCE % Historical Data

The historical data trend for Jiangxi Changyun 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 Changyun Co ROCE % Chart

Jiangxi Changyun Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.50

-8.98

8.87

-1.49

4.19

Jiangxi Changyun Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.22	7.93	-1.23	15.71	6.53

Jiangxi Changyun Co ROCE % Calculation

Jiangxi Changyun 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 )
	=	61.685	/	( ( (4785.365 - 3350.841)	+	(4424.438 - 2916.361) )	/ 2 )
	=	61.685	/	( (1434.524	+	1508.077)	/ 2 )
	=	61.685	/	1471.3005
	=	4.19 %

Jiangxi Changyun Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	98.556	/	( ( (4623.939 - 3099.796)	+	(4660.188 - 3164.821) )	/ 2 )
	=	98.556	/	( ( 1524.143	+	1495.367 )	/ 2 )
	=	98.556	/	1509.755
	=	6.53 %

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

Jiangxi Changyun Co (SHSE:600561) 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 Changyun Co ROCE % Related Terms

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Jiangxi Changyun Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangxi Changyun Co Ltd (SHSE:600561) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Ping'an West 2nd Street, Honggutan New District, Nanchang, CHN, 330038

Website

http://www.jxcy.com.cn

Jiangxi Changyun Co Ltd provides transportation services and is mainly engaged in the construction of road passenger and passenger stations. The company is also involved in the maintenance of the transport business, travel services, logistics, car rental, and property management. The company generates the majority of its revenue from road passenger transport business.

Executives

Liu Gang	Director
Su Yue Hong	Supervisors
Luo Ding Bin	senior management
Ceng Guo Hui	Supervisors
Xie Jing Quan	senior management
Xie Wei	Director
Wang Ting Wei	senior management
Xu Zhi Fang	Supervisors
Jiang Bin	senior management
Hu Jian Ping	senior management
Chen Gan Ping	senior management
Wang Su Xin	senior management
Zhou Guo Shun	senior management
Zhang Wei Jin	senior management
Lei He Ming	senior management

Jiangxi Changyun Co Headlines

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