Zhejiang Jinggong Integration Technology Co (SZSE:002006) ROCE % : -9.26% (As of Sep. 2024)

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What is Zhejiang Jinggong Integration 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. Zhejiang Jinggong Integration Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.26%.

Zhejiang Jinggong Integration Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Jinggong Integration 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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Zhejiang Jinggong Integration Technology Co ROCE % Chart

Zhejiang Jinggong Integration Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.28

6.05

8.87

27.06

14.47

Zhejiang Jinggong Integration Technology 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															14.39	12.29	19.75	13.62	-9.26

Zhejiang Jinggong Integration Technology Co ROCE % Calculation

Zhejiang Jinggong Integration Technology 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 )
	=	197.26	/	( ( (2587.569 - 1205.303)	+	(2477.593 - 1132.778) )	/ 2 )
	=	197.26	/	( (1382.266	+	1344.815)	/ 2 )
	=	197.26	/	1363.5405
	=	14.47 %

Zhejiang Jinggong Integration Technology 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 )
	=	-125.212	/	( ( (2686.58 - 1331.758)	+	(2896.156 - 1545.162) )	/ 2 )
	=	-125.212	/	( ( 1354.822	+	1350.994 )	/ 2 )
	=	-125.212	/	1352.908
	=	-9.26 %

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

Zhejiang Jinggong Integration Technology Co (SZSE:002006) 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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Zhejiang Jinggong Integration Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Jinggong Integration Technology Co Ltd (SZSE:002006) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1809 Jianhe Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312030

Website

http://www.jgtec.com.cn

Zhejiang Jinggong Integration Technology Co Ltd is a China-based company operating in the machinery industry. The firm is a manufacturer and supplier of solar photovoltaic equipment, carbon fiber composite materials and equipment, new building energy-saving equipment, textile equipment, robot intelligence equipment and other high-tech products.

Executives

Zhou Zhong Yi	Director
Chen Jian Hua	Executives
Wang Zhi Juan	Executives
Sun Wei Li	Supervisors

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