JDM JingDa Machine Ningbo Co (SHSE:603088) ROCE % : 32.32% (As of Mar. 2024)

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What is JDM JingDa Machine Ningbo 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. JDM JingDa Machine Ningbo Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.32%.

JDM JingDa Machine Ningbo Co ROCE % Historical Data

The historical data trend for JDM JingDa Machine Ningbo 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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JDM JingDa Machine Ningbo Co ROCE % Chart

JDM JingDa Machine Ningbo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.98

16.55

17.46

27.77

26.45

JDM JingDa Machine Ningbo 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															26.09	38.52	17.12	26.04	32.32

JDM JingDa Machine Ningbo Co ROCE % Calculation

JDM JingDa Machine Ningbo 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 )
	=	185.28	/	( ( (1342.078 - 686.491)	+	(1431.612 - 686.187) )	/ 2 )
	=	185.28	/	( (655.587	+	745.425)	/ 2 )
	=	185.28	/	700.506
	=	26.45 %

JDM JingDa Machine Ningbo 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 )
	=	249.868	/	( ( (1431.612 - 686.187)	+	(1451.135 - 650.156) )	/ 2 )
	=	249.868	/	( ( 745.425	+	800.979 )	/ 2 )
	=	249.868	/	773.202
	=	32.32 %

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

JDM JingDa Machine Ningbo Co (SHSE:603088) 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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JDM JingDa Machine Ningbo Co (SHSE:603088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JDM JingDa Machine Ningbo Co Ltd (SHSE:603088) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

377 Jinshan Road, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315033

Website

http://www.nbjingda.com

JDM JingDa Machine Ningbo Co Ltd is engaged in the development, production, and sales of heat exchanger equipment and precision presses. Its products are mainly used in the production of air conditioning heat exchangers in the home appliance industry; microchannel heat transfer and automotive heat exchangers. Its products include Heat exchanger equipment, Press equipment, Micro channel, Powder metallurgy equipment.

Executives

Zheng Gong

Director

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