Jointo Energy Investment Co Hebei (SZSE:000600) ROCE % : 7.55% (As of Mar. 2024)

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What is Jointo Energy Investment Co Hebei 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. Jointo Energy Investment Co Hebei's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.55%.

Jointo Energy Investment Co Hebei ROCE % Historical Data

The historical data trend for Jointo Energy Investment Co Hebei'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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Jointo Energy Investment Co Hebei ROCE % Chart

Jointo Energy Investment Co Hebei Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.45

8.97

-9.36

3.35

3.28

Jointo Energy Investment Co Hebei 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															-0.28	5.19	4.59	2.48	7.55

Jointo Energy Investment Co Hebei ROCE % Calculation

Jointo Energy Investment Co Hebei'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 )
	=	942.423	/	( ( (36592.471 - 8232.835)	+	(38486.631 - 9338.976) )	/ 2 )
	=	942.423	/	( (28359.636	+	29147.655)	/ 2 )
	=	942.423	/	28753.6455
	=	3.28 %

Jointo Energy Investment Co Hebei'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 )
	=	2235.284	/	( ( (38486.631 - 9338.976)	+	(40725.824 - 10652.219) )	/ 2 )
	=	2235.284	/	( ( 29147.655	+	30073.605 )	/ 2 )
	=	2235.284	/	29610.63
	=	7.55 %

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

Jointo Energy Investment Co Hebei (SZSE:000600) 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.

Jointo Energy Investment Co Hebei ROCE % Related Terms

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Jointo Energy Investment Co Hebei (SZSE:000600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jointo Energy Investment Co Ltd Hebei (SZSE:000600) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Yuhua West Road, Yuyuan Plaza, Block A, 17th Floor, Hebei, Shijiazhuang, CHN, 050051

Website

http://www.jei.com.cn

Jointo Energy Investment Co Ltd Hebei is engaged in the investment, construction, management, and energy production of energy projects.

Executives

Liu Hong	Executives
Mi Da Bin	Director
Wang Ting Liang	Director
Bai Zhi Jun	Executives
Dan Qun Ying	Director
Wang Yong Zhong	Director

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