Jiangsu Nonghua Intelligent Agriculture Technology Co (SZSE:000816) ROCE % : -6.06% (As of Dec. 2024)

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What is Jiangsu Nonghua Intelligent Agriculture 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 Nonghua Intelligent Agriculture Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -6.06%.

Jiangsu Nonghua Intelligent Agriculture Technology Co ROCE % Historical Data

The historical data trend for Jiangsu Nonghua Intelligent Agriculture 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 Nonghua Intelligent Agriculture Technology Co ROCE % Chart

Jiangsu Nonghua Intelligent Agriculture Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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3.62

2.98

-0.17

-1.98

1.75

Jiangsu Nonghua Intelligent Agriculture Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-12.41	-1.92	7.61	7.25	-6.06

Jiangsu Nonghua Intelligent Agriculture Technology Co ROCE % Calculation

Jiangsu Nonghua Intelligent Agriculture Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	45.861	/	( ( (3425.72 - 803.25)	+	(3554.67 - 938.399) )	/ 2 )
	=	45.861	/	( (2622.47	+	2616.271)	/ 2 )
	=	45.861	/	2619.3705
	=	1.75 %

Jiangsu Nonghua Intelligent Agriculture Technology Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-161.356	/	( ( (3695.882 - 983.79)	+	(3554.67 - 938.399) )	/ 2 )
	=	-161.356	/	( ( 2712.092	+	2616.271 )	/ 2 )
	=	-161.356	/	2664.1815
	=	-6.06 %

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

Jiangsu Nonghua Intelligent Agriculture Technology Co (SZSE:000816) 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.

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Jiangsu Nonghua Intelligent Agriculture Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Jiangsu Nonghua Intelligent Agriculture Technology Co Ltd (SZSE:000816) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 58, South Xiwang Avenue, Yancheng Economic and Technological Development Zone, Jiangsu Province, Yancheng, Jiangsu, CHN, 224003

Website

http://www.jd.dongyin.com

Jiangsu Nonghua Intelligent Agriculture Technology Co Ltd a power equipment company, researches, develops, produces, and sells agricultural machinery in China. The products offered by the company are divided into five major segments which include Single-cylinder diesel engine segment, Multi-cylinder diesel engine segment, Agricultural equipment sector, Casting plate and General gasoline engine segment. Geographically, it operates through China however it sells the products in more than 70 countries and regions around the world.

Executives

Zhan Jin Chuan	Executives
Zhou Hua	Independent director
Liu Jing Ping	Executives
Li Qiang	Executives
Chen Wei Feng	Executives
Yang Ai	Supervisors
Hou Yu Rong	Supervisors
Chen Ling	Supervisors
Xu Li	Supervisors
Wang Chang Xiang	Executives
Zhu Rui Long	Director
Zou Bin	Executives

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