Zhejiang Juli Culture Development Co (SZSE:002247) ROCE % : -5.02% (As of Mar. 2024)

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What is Zhejiang Juli Culture Development 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 Juli Culture Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.02%.

Zhejiang Juli Culture Development Co ROCE % Historical Data

The historical data trend for Zhejiang Juli Culture Development 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 Juli Culture Development Co ROCE % Chart

Zhejiang Juli Culture Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-136.50

30.35

13.67

7.53

-56.87

Zhejiang Juli Culture Development 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															1.30	-250.92	13.57	7.89	-5.02

Zhejiang Juli Culture Development Co ROCE % Calculation

Zhejiang Juli Culture Development 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 )
	=	-331.9	/	( ( (1058.966 - 315.369)	+	(1154.259 - 730.685) )	/ 2 )
	=	-331.9	/	( (743.597	+	423.574)	/ 2 )
	=	-331.9	/	583.5855
	=	-56.87 %

Zhejiang Juli Culture Development 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 )
	=	-21.28	/	( ( (1154.259 - 730.685)	+	(1094.275 - 669.238) )	/ 2 )
	=	-21.28	/	( ( 423.574	+	425.037 )	/ 2 )
	=	-21.28	/	424.3055
	=	-5.02 %

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

Zhejiang Juli Culture Development Co (SZSE:002247) 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.

Zhejiang Juli Culture Development Co ROCE % Related Terms

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Zhejiang Juli Culture Development Co (SZSE:002247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Juli Culture Development Co Ltd (SZSE:002247) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1958, Zhejiang Ring Road, Industrial Zone, China Delicate, Lin'an, CHN, 311300

Website

http://www.dilong.cc

Zhejiang Juli Culture Development Co Ltd, formerly Zhejiang Dilong Culture Development Co Ltd operates in the decorative paper industry. The products of the company include printing decorative paper, impregnated paper, decorative panels which include a metal decorative panel, aluminum coil, and PVC decorative materials.

Executives

Chen Zhi Jian	Executives
Wang Xiao Hong	Directors, executives
Zhao Jin Long	Executives
Lin Hui Chun	Director
Tang Fei Tao	Executives
Jiang Zu Ming	Executives
Jiang Fei Xiong	Directors, executives
Mao Li Xin	Director
Liu Yu Long	Director

Zhejiang Juli Culture Development Co (SZSE:002247) Headlines

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