Jiangsu Rutong Petro-Machinery Co (SHSE:603036) ROCE % : 8.49% (As of Sep. 2024)

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What is Jiangsu Rutong Petro-Machinery 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 Rutong Petro-Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.49%.

Jiangsu Rutong Petro-Machinery Co ROCE % Historical Data

The historical data trend for Jiangsu Rutong Petro-Machinery 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 Rutong Petro-Machinery Co ROCE % Chart

Jiangsu Rutong Petro-Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.78

7.44

4.38

6.40

7.33

Jiangsu Rutong Petro-Machinery 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															8.09	10.16	7.59	7.67	8.49

Jiangsu Rutong Petro-Machinery Co ROCE % Calculation

Jiangsu Rutong Petro-Machinery 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 )
	=	92.782	/	( ( (1374.018 - 135.8)	+	(1457.803 - 164.53) )	/ 2 )
	=	92.782	/	( (1238.218	+	1293.273)	/ 2 )
	=	92.782	/	1265.7455
	=	7.33 %

Jiangsu Rutong Petro-Machinery 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 )
	=	111.056	/	( ( (1430.893 - 135.77)	+	(1479.067 - 158.606) )	/ 2 )
	=	111.056	/	( ( 1295.123	+	1320.461 )	/ 2 )
	=	111.056	/	1307.792
	=	8.49 %

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

Jiangsu Rutong Petro-Machinery Co (SHSE:603036) 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.

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Jiangsu Rutong Petro-Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rutong Petro-Machinery Co Ltd (SHSE:603036) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Huaihe Road, Rudong Economic Development Zone, New District, Jiangsu Province, Nantong, CHN, 226400

Website

https://www.rutong.com

Jiangsu Rutong Petro-Machinery Co Ltd operates in the petroleum and petrochemical equipment manufacturing industry. The company is engaged in research and development, production and sales of oil drilling and production wellhead equipment. The main products are lifting equipment, holding equipment and spinning equipment. The products are sold in various oil fields in China and exported to North America, Southeast Asia, Middle East, Central Asia and North Africa.

Executives

Zhen Guo Yi	senior management
He Yun Hua	senior management
Zhou Xiao Feng	Director
Zhang You Fu	Director
Zhu Jian Hua	Supervisors
Cao Cai Hong	Director
Xu Bo Bing	Director
Chen Xiao Feng	senior management

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