Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) ROCE % : 11.75% (As of Mar. 2024)

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What is Jiangsu Jibeier Pharmaceutical 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 Jibeier Pharmaceutical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.75%.

Jiangsu Jibeier Pharmaceutical Co ROCE % Historical Data

The historical data trend for Jiangsu Jibeier Pharmaceutical 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 Jibeier Pharmaceutical Co ROCE % Chart

Jiangsu Jibeier Pharmaceutical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.52

12.24

6.57

10.06

13.09

Jiangsu Jibeier Pharmaceutical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.05	14.59	14.60	14.42	11.75

Jiangsu Jibeier Pharmaceutical Co ROCE % Calculation

Jiangsu Jibeier Pharmaceutical 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 )
	=	247.584	/	( ( (1964.575 - 181.362)	+	(2209.668 - 210.312) )	/ 2 )
	=	247.584	/	( (1783.213	+	1999.356)	/ 2 )
	=	247.584	/	1891.2845
	=	13.09 %

Jiangsu Jibeier Pharmaceutical Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	238.184	/	( ( (2209.668 - 210.312)	+	(2213.112 - 158.888) )	/ 2 )
	=	238.184	/	( ( 1999.356	+	2054.224 )	/ 2 )
	=	238.184	/	2026.79
	=	11.75 %

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

Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) 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 Jibeier Pharmaceutical Co ROCE % Related Terms

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Jiangsu Jibeier Pharmaceutical Co (SHSE:688566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jiangsu Jibeier Pharmaceutical Co Ltd (SHSE:688566) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

High-tech Industrial Development Zone, Jiangsu Province, Zhenjiang, CHN, 212000

Website

http://www.jibeier.com.cn

Jiangsu Jibeier Pharmaceutical Co Ltd specializes in the research, development, production and sales of chemical preparations, proprietary Chinese medicine preparations, and bulk medicines. The company's products include tablets, hard capsules, eye drops, and gels, agents, creams and other dosage. Its products are used in various application fields such as Cardiovascular drugs, Blood system drugs, Immune system drugs, Ophthalmic drugs, Antipyretic and analgesic drugs, Respiratory medicine, and other.

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