Jiangsu Liance Electromechanical Technology Co (SHSE:688113) ROCE % : 4.29% (As of Sep. 2024)

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What is Jiangsu Liance Electromechanical Technology 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 Liance Electromechanical Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.29%.

Jiangsu Liance Electromechanical Technology Co ROCE % Historical Data

The historical data trend for Jiangsu Liance Electromechanical Technology 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 Liance Electromechanical Technology Co ROCE % Chart

Jiangsu Liance Electromechanical Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.04

24.63

16.19

12.06

11.68

Jiangsu Liance Electromechanical Technology 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															7.17	13.30	5.07	17.67	4.29

Jiangsu Liance Electromechanical Technology Co ROCE % Calculation

Jiangsu Liance Electromechanical Technology 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 )
	=	102.583	/	( ( (1134.5 - 310.505)	+	(1256.227 - 322.998) )	/ 2 )
	=	102.583	/	( (823.995	+	933.229)	/ 2 )
	=	102.583	/	878.612
	=	11.68 %

Jiangsu Liance Electromechanical Technology 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 )
	=	41.98	/	( ( (1267.696 - 294.519)	+	(1286.9 - 303.544) )	/ 2 )
	=	41.98	/	( ( 973.177	+	983.356 )	/ 2 )
	=	41.98	/	978.2665
	=	4.29 %

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

Jiangsu Liance Electromechanical Technology Co (SHSE:688113) 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 Liance Electromechanical Technology Co ROCE % Related Terms

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Jiangsu Liance Electromechanical Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Liance Electromechanical Technology Co Ltd (SHSE:688113) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2368-2370, Renmin West Road, Jiangsu Province, Qidong, CHN, 226200

Website

https://www.qdceqi.com

Jiangsu Liance Electromechanical Technology Co Ltd is engaged in the research and development, manufacturing and sales of power system intelligent test equipment, as well as providing power system testing and verification services.

Executives

Shi Jiang Ping	Director
Huang Bing Rong	Director
Yu Xuan Xuan	Director
He Ping	senior management
Tang Shu Quan	senior management
Yao Hai Fei	senior management
Li Feng	Core technical personnel
Li Hui	Director
Kuai Suo Sheng	Core technical personnel
Zhao Ai Guo	Director
Sun Yi	Core technical personnel
Lu Wei	senior management

Jiangsu Liance Electromechanical Technology Co Headlines

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