Hainan Jingliang Holdings Co (SZSE:000505) ROCE % : 4.24% (As of Mar. 2024)

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What is Hainan Jingliang Holdings 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. Hainan Jingliang Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.24%.

Hainan Jingliang Holdings Co ROCE % Historical Data

The historical data trend for Hainan Jingliang Holdings 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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Hainan Jingliang Holdings Co ROCE % Chart

Hainan Jingliang Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.02

9.97

10.61

7.16

4.74

Hainan Jingliang Holdings 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															7.19	6.35	2.40	2.94	4.24

Hainan Jingliang Holdings Co ROCE % Calculation

Hainan Jingliang Holdings 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 )
	=	202.434	/	( ( (6105.144 - 2024.813)	+	(6496.783 - 2034.147) )	/ 2 )
	=	202.434	/	( (4080.331	+	4462.636)	/ 2 )
	=	202.434	/	4271.4835
	=	4.74 %

Hainan Jingliang Holdings 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 )
	=	189.292	/	( ( (6496.783 - 2034.147)	+	(7044.472 - 2570.366) )	/ 2 )
	=	189.292	/	( ( 4462.636	+	4474.106 )	/ 2 )
	=	189.292	/	4468.371
	=	4.24 %

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

Hainan Jingliang Holdings Co (SZSE:000505) 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.

Hainan Jingliang Holdings Co ROCE % Related Terms

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Hainan Jingliang Holdings Co (SZSE:000505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hainan Jingliang Holdings Co Ltd (SZSE:000505) » Definitions » ROCE %

Traded in Other Exchanges

200505:China

Address

Binhai Avenue, 29th Floor, Dihao Building, Pearl River Square, Hainan Province, Haikou, CHN, 570125

Website

Hainan Jingliang Holdings Co Ltd is a food processing industry. It is engaged in the processing, production, and sales of foodstuffs, agricultural and sideline products, oils and fats, oils and snack foods.

Hainan Jingliang Holdings Co (SZSE:000505) Headlines

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