Jiangsu Seagull Cooling Tower Co (SHSE:603269) ROCE % : 6.94% (As of Mar. 2024)

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What is Jiangsu Seagull Cooling Tower 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 Seagull Cooling Tower Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.94%.

Jiangsu Seagull Cooling Tower Co ROCE % Historical Data

The historical data trend for Jiangsu Seagull Cooling Tower 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 Seagull Cooling Tower Co ROCE % Chart

Jiangsu Seagull Cooling Tower Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.90

8.27

8.57

10.97

11.56

Jiangsu Seagull Cooling Tower 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															3.29	10.15	8.28	24.12	6.94

Jiangsu Seagull Cooling Tower Co ROCE % Calculation

Jiangsu Seagull Cooling Tower 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 )
	=	129.04	/	( ( (2642.046 - 1544.301)	+	(3262.574 - 2128.353) )	/ 2 )
	=	129.04	/	( (1097.745	+	1134.221)	/ 2 )
	=	129.04	/	1115.983
	=	11.56 %

Jiangsu Seagull Cooling Tower 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 )
	=	79.652	/	( ( (3262.574 - 2128.353)	+	(3613.395 - 2452.707) )	/ 2 )
	=	79.652	/	( ( 1134.221	+	1160.688 )	/ 2 )
	=	79.652	/	1147.4545
	=	6.94 %

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

Jiangsu Seagull Cooling Tower Co (SHSE:603269) 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 Seagull Cooling Tower Co (SHSE:603269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Seagull Cooling Tower Co Ltd (SHSE:603269) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.16,Xiangyun Road, Wujin Economic Development Zone, Jiangsu Province, Changhzou, CHN, 213149

Website

http://www.seagull-ct.com

Jiangsu Seagull Cooling Tower Co Ltd is mainly engaged in the research, development, design, manufacture and installation of industrial cooling towers in China. Its main products are mechanical ventilation cooling towers, including: conventional cooling towers (including steel Mixed-structure tower, FRP tower and steel tower), open-type environmentally-friendly and energy-saving cooling tower (including water-saving tower, anti-fog tower, and noise reduction tower).

Executives

Liu Jian Zhong	senior management
Chen Jian	senior management
Xu Zhi Jun	Directors, senior managers
Bao Bing Guo	senior management
Wu Zhu Ping	Directors, senior managers
Pan Wei Rong	senior management
Liu Li	Directors, senior managers
Yang Hua	Directors, senior managers
Wang Gen Hong	Supervisors
Jin Ao Da	Director
Yang Zhi Jie	senior management
Liu Zhi Zheng	Supervisors
Jiang Ren Xi	Directors, senior managers

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