Jiangsu Feymer Technology Co (SHSE:688350) ROCE % : -0.12% (As of Sep. 2024)

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What is Jiangsu Feymer 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 Feymer Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.12%.

Jiangsu Feymer Technology Co ROCE % Historical Data

The historical data trend for Jiangsu Feymer 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 Feymer Technology Co ROCE % Chart

Jiangsu Feymer Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.32

13.07

10.57

8.36

1.48

Jiangsu Feymer 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															2.52	-4.00	3.04	3.00	-0.12

Jiangsu Feymer Technology Co ROCE % Calculation

Jiangsu Feymer 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 )
	=	29.601	/	( ( (2541.98 - 525.268)	+	(2490.207 - 498.836) )	/ 2 )
	=	29.601	/	( (2016.712	+	1991.371)	/ 2 )
	=	29.601	/	2004.0415
	=	1.48 %

Jiangsu Feymer 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 )
	=	-2.368	/	( ( (2497.542 - 495.53)	+	(2513.916 - 465.897) )	/ 2 )
	=	-2.368	/	( ( 2002.012	+	2048.019 )	/ 2 )
	=	-2.368	/	2025.0155
	=	-0.12 %

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

Jiangsu Feymer Technology Co (SHSE:688350) 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 Feymer Technology Co ROCE % Related Terms

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Jiangsu Feymer Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Feymer Technology Co Ltd (SHSE:688350) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Fenghuang South Road, Feymer Technology Administrative District, Fenghuang Town, Jiangsu Province, Zhangjiagang, CHN, 215613

Website

http://www.feymer.com

Jiangsu Feymer Technology Co Ltd is a high-tech enterprise, based on its core hydrophilic functional polymers, it is specializing in the production and supply of functional monomers, water treatment chemicals, industrial water processing chemicals and water treatment membranes. It also provides membrane application technology and related engineering and operating services to water-borne areas, like pulp and paper, mining, textile and others.

Executives

Yan Wu Jun

Core technical personnel

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