Jiangsu Tongli Risheng Machinery Co (SHSE:605286) ROCE % : 33.15% (As of Sep. 2024)

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What is Jiangsu Tongli Risheng 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 Tongli Risheng Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 33.15%.

Jiangsu Tongli Risheng Machinery Co ROCE % Historical Data

The historical data trend for Jiangsu Tongli Risheng 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 Tongli Risheng Machinery Co ROCE % Chart

Jiangsu Tongli Risheng Machinery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.18

16.01

9.65

15.20

Jiangsu Tongli Risheng 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															23.57	19.18	14.37	23.78	33.15

Jiangsu Tongli Risheng Machinery Co ROCE % Calculation

Jiangsu Tongli Risheng 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 )
	=	312.304	/	( ( (2917.475 - 923.507)	+	(3695.153 - 1580.767) )	/ 2 )
	=	312.304	/	( (1993.968	+	2114.386)	/ 2 )
	=	312.304	/	2054.177
	=	15.20 %

Jiangsu Tongli Risheng 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 )
	=	778.752	/	( ( (3941.298 - 1685.407)	+	(3977.873 - 1535.26) )	/ 2 )
	=	778.752	/	( ( 2255.891	+	2442.613 )	/ 2 )
	=	778.752	/	2349.252
	=	33.15 %

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

Jiangsu Tongli Risheng Machinery Co (SHSE:605286) 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 Tongli Risheng Machinery Co ROCE % Related Terms

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Jiangsu Tongli Risheng Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongli Risheng Machinery Co Ltd (SHSE:605286) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Liuwei Road, Economic Development Zone, Jiangsu Province, Danyang, CHN, 212300

Website

http://www.jstljx.com

Jiangsu Tongli Risheng Machinery Co Ltd is engaged in the research and development, production and sales of elevator components and elevator metal materials.

Executives

Li Guo Ping

Director

Jiangsu Tongli Risheng Machinery Co Headlines

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