JS Corrugating Machinery Co (SZSE:000821) ROCE % : 18.86% (As of Sep. 2024)

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What is JS Corrugating Machinery 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. JS Corrugating Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.86%.

JS Corrugating Machinery Co ROCE % Historical Data

The historical data trend for JS Corrugating Machinery 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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JS Corrugating Machinery Co ROCE % Chart

JS Corrugating Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.84

2.73

5.76

11.69

12.05

JS Corrugating Machinery 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															6.80	7.15	16.65	14.37	18.86

JS Corrugating Machinery Co ROCE % Calculation

JS Corrugating Machinery 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 )
	=	478.975	/	( ( (9966.719 - 6193.019)	+	(16060.33 - 11885.122) )	/ 2 )
	=	478.975	/	( (3773.7	+	4175.208)	/ 2 )
	=	478.975	/	3974.454
	=	12.05 %

JS Corrugating Machinery 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 )
	=	896.396	/	( ( (15171.409 - 10560.879)	+	(14889.793 - 9994.318) )	/ 2 )
	=	896.396	/	( ( 4610.53	+	4895.475 )	/ 2 )
	=	896.396	/	4753.0025
	=	18.86 %

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

JS Corrugating Machinery Co (SZSE:000821) 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.

JS Corrugating Machinery Co ROCE % Related Terms

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JS Corrugating Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JS Corrugating Machinery Co Ltd (SZSE:000821) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.22, Jiangxing Road, Jianghan Economic Develop. Zone, Wuhan, CHN

Website

http://www.jspackmach.com

JS Corrugating Machinery Co Ltd is engaged in the manufacturing and export of corrugated packaging machinery. Its products include corrugators, such as mill roll stands, splicers, pre-heaters, single facers, glue machines, double facers, rotary shears, slitter scorers, cut-offs, stackers, and other machines. Geographically the business activities are carried out through China.

Executives

Zu Guo Liang	Directors, executives
Wang Wei	Directors, executives
Li Jian	Directors, executives
Li Bin	Independent director
Yin Guang Zhi	Independent director
Li Shi Fa	Director
Xia Zhang Jun	Supervisors
Yu Hong Mei	Supervisors
Xie Chun An	Supervisors
Dong Fang Xiang	Director
Sun You Yuan	Director
Dai Zheng Ming	Executives
Chen Zhao Jun	Executives

JS Corrugating Machinery Co Headlines

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