Jiangsu Linyang Energy Co (SHSE:601222) ROCE % : 9.38% (As of Sep. 2024)

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What is Jiangsu Linyang Energy 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. Jiangsu Linyang Energy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.38%.

Jiangsu Linyang Energy Co ROCE % Historical Data

The historical data trend for Jiangsu Linyang Energy 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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Jiangsu Linyang Energy Co ROCE % Chart

Jiangsu Linyang Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.23

9.27

8.38

7.57

8.04

Jiangsu Linyang Energy 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															7.72	6.01	6.39	10.89	9.38

Jiangsu Linyang Energy Co ROCE % Calculation

Jiangsu Linyang Energy 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 )
	=	1392.213	/	( ( (21300.547 - 4436.536)	+	(23185.873 - 5400.561) )	/ 2 )
	=	1392.213	/	( (16864.011	+	17785.312)	/ 2 )
	=	1392.213	/	17324.6615
	=	8.04 %

Jiangsu Linyang Energy 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 )
	=	1702.684	/	( ( (23833.661 - 5917.451)	+	(24516.099 - 6129.099) )	/ 2 )
	=	1702.684	/	( ( 17916.21	+	18387 )	/ 2 )
	=	1702.684	/	18151.605
	=	9.38 %

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

Jiangsu Linyang Energy Co (SHSE:601222) 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.

Jiangsu Linyang Energy Co ROCE % Related Terms

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Jiangsu Linyang Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Linyang Energy Co Ltd (SHSE:601222) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 666, Linyang Road, Qidong City, Jiangsu Province, CHN

Website

http://www.linyang.com.cn

Jiangsu Linyang Energy Co Ltd is a China-based company engages in the research, production, and sales of smart electric energy meters and power management products. Its product and services include smart meter, AMI system, LED, intelligent lighting system, energy efficiency management platform, energy-saving services, photovoltaic module, distributed photovoltaic power station system, distributed power station operating platform, and Micro-grid system which covered the Smart, Energy-saving and Renewable Energy all three fields.

Executives

Lu Yong Hua	Directors, senior managers
Zhu De Sheng	senior management
Cui Dong Xu	senior management
Pei Jun	senior management
Lin Shao Wu	senior management
Yu Hai Juan	senior management
Lu Han Xi	senior management
Fang Zhuang Zhi	senior management
Shi Hong Sheng	senior management
Shen Kai Ping	Director
Hu Sheng	senior management
Wang Feng Lin	senior management
Lu Yun Hai	senior management
Shi Wei Bing	senior management
Cen Rong Rong	senior management

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