Beijing Jingwei Hirain Technologies Co (SHSE:688326) ROCE % : -7.11% (As of Sep. 2024)

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What is Beijing Jingwei Hirain Technologies 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. Beijing Jingwei Hirain Technologies Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.11%.

Beijing Jingwei Hirain Technologies Co ROCE % Historical Data

The historical data trend for Beijing Jingwei Hirain Technologies 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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Beijing Jingwei Hirain Technologies Co ROCE % Chart

Beijing Jingwei Hirain Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.71

5.68

8.09

5.19

-4.96

Beijing Jingwei Hirain Technologies Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														-7.14	-0.99	-15.26	-12.16	-7.11

Beijing Jingwei Hirain Technologies Co ROCE % Calculation

Beijing Jingwei Hirain Technologies 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 )
	=	-276.242	/	( ( (8867.741 - 3193.881)	+	(9327.735 - 3872.824) )	/ 2 )
	=	-276.242	/	( (5673.86	+	5454.911)	/ 2 )
	=	-276.242	/	5564.3855
	=	-4.96 %

Beijing Jingwei Hirain Technologies 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 )
	=	-341.872	/	( ( (8888.084 - 4067.335)	+	(9117.677 - 4319) )	/ 2 )
	=	-341.872	/	( ( 4820.749	+	4798.677 )	/ 2 )
	=	-341.872	/	4809.713
	=	-7.11 %

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

Beijing Jingwei Hirain Technologies Co (SHSE:688326) 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.

Beijing Jingwei Hirain Technologies Co ROCE % Related Terms

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Beijing Jingwei Hirain Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Beijing Jingwei Hirain Technologies Co Inc (SHSE:688326) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 14 Jiuxianqiao Road, 4th Floor, Building 1, Chaoyang District, Beijing, CHN, 100015

Website

https://www.hirain.com

Beijing Jingwei Hirain Technologies Co Inc is engaged in providing electronic products, research and development services and solutions, and high-level intelligent driving overall solutions for customers in the fields of automobiles, high-end equipment, and unmanned transportation.

Executives

Ji Ying Cun	Directors, senior managers
Cui Wen Ge	Supervisors

Beijing Jingwei Hirain Technologies Co Headlines

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