Beijing Jingcheng Machinery Electric Co (SHSE:600860) ROCE % : 0.84% (As of Mar. 2024)

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What is Beijing Jingcheng Machinery Electric 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. Beijing Jingcheng Machinery Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.84%.

Beijing Jingcheng Machinery Electric Co ROCE % Historical Data

The historical data trend for Beijing Jingcheng Machinery Electric 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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Beijing Jingcheng Machinery Electric Co ROCE % Chart

Beijing Jingcheng Machinery Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.05

14.29

-2.69

2.39

-1.80

Beijing Jingcheng Machinery Electric 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															-2.50	-2.44	-4.46	2.03	0.84

Beijing Jingcheng Machinery Electric Co ROCE % Calculation

Beijing Jingcheng Machinery Electric 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 )
	=	-35.189	/	( ( (2496.004 - 619.685)	+	(2812.344 - 775.143) )	/ 2 )
	=	-35.189	/	( (1876.319	+	2037.201)	/ 2 )
	=	-35.189	/	1956.76
	=	-1.80 %

Beijing Jingcheng Machinery Electric 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 )
	=	17.272	/	( ( (2812.344 - 775.143)	+	(2903.984 - 850.237) )	/ 2 )
	=	17.272	/	( ( 2037.201	+	2053.747 )	/ 2 )
	=	17.272	/	2045.474
	=	0.84 %

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

Beijing Jingcheng Machinery Electric Co (SHSE:600860) 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.

Beijing Jingcheng Machinery Electric Co ROCE % Related Terms

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Beijing Jingcheng Machinery Electric Co (SHSE:600860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Jingcheng Machinery Electric Co Ltd (SHSE:600860) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

00187:Hong Kong

Address

No. 2 Huo Xian Nan San Road, Huo Xian Town, Tongzhou District, Beijing, CHN, 101109

Website

https://www.jingchenggf.com.cn

Beijing Jingcheng Machinery Electric Co Ltd is a manufacturer of gas storage and transportation equipment. It offers various services including the development, design, installation, and maintenance of cryogenic containers, compressors; machinery equipment, and electrical equipment. The company's products include seamless cylinders, wrapped composite cylinders, portable oxygen supply units for medical purposes, LNG fuel tanks, cryogenic gas cylinders, bottle and cylinder gasifiers, refueling stations, and systematic solutions among others. It has a sales network in the United States, Singapore, Korea, India, Australia, and other countries.

Executives

Tian Fu Ren	Supervisors
Xue Ke Xin	Supervisors

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