Jiangsu Xiehe Electronic Co (SHSE:605258) ROCE % : 4.71% (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Jiangsu Xiehe Electronic 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 Xiehe Electronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.71%.

Jiangsu Xiehe Electronic Co ROCE % Historical Data

The historical data trend for Jiangsu Xiehe Electronic 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.

* Premium members only.

Jiangsu Xiehe Electronic Co ROCE % Chart

Jiangsu Xiehe Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

29.28

13.97

8.51

4.53

3.47

Jiangsu Xiehe Electronic 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															0.70	4.93	5.34	7.25	4.71

Jiangsu Xiehe Electronic Co ROCE % Calculation

Jiangsu Xiehe Electronic 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 )
	=	41.454	/	( ( (1426.099 - 241.448)	+	(1495.142 - 293.34) )	/ 2 )
	=	41.454	/	( (1184.651	+	1201.802)	/ 2 )
	=	41.454	/	1193.2265
	=	3.47 %

Jiangsu Xiehe Electronic 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 )
	=	56.916	/	( ( (1482.748 - 282.224)	+	(1523.809 - 309.484) )	/ 2 )
	=	56.916	/	( ( 1200.524	+	1214.325 )	/ 2 )
	=	56.916	/	1207.4245
	=	4.71 %

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

Jiangsu Xiehe Electronic Co (SHSE:605258) 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 Xiehe Electronic Co ROCE % Related Terms

Thank you for viewing the detailed overview of Jiangsu Xiehe Electronic Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Xiehe Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu Xiehe Electronic Co Ltd (SHSE:605258) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 4 Tangtou Road, Henglin Town, Wujin Distric, Jiangsu Province, Changzhou, CHN, 213101

Website

http://www.xiehepcb.com

Jiangsu Xiehe Electronic Co Ltd is primarily involved in the production, and sales of rigid and flexible printed circuit boards and surface mount of printed circuit boards.

Executives

Cao Liang Liang	senior management
Wang Qiao Bin	Directors, senior managers

Jiangsu Xiehe Electronic Co Headlines

No Headlines