Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) ROCE % : 20.58% (As of Mar. 2024)

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What is Zhejiang Jiuli Hi-Tech Metals 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 Jiuli Hi-Tech Metals Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.58%.

Zhejiang Jiuli Hi-Tech Metals Co ROCE % Historical Data

The historical data trend for Zhejiang Jiuli Hi-Tech Metals 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 Jiuli Hi-Tech Metals Co ROCE % Chart

Zhejiang Jiuli Hi-Tech Metals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.43

19.10

17.22

22.52

24.01

Zhejiang Jiuli Hi-Tech Metals 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															14.74	31.73	25.43	24.33	20.58

Zhejiang Jiuli Hi-Tech Metals Co ROCE % Calculation

Zhejiang Jiuli Hi-Tech Metals 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 )
	=	1777.038	/	( ( (9870.589 - 2923.807)	+	(13016.027 - 5157.819) )	/ 2 )
	=	1777.038	/	( (6946.782	+	7858.208)	/ 2 )
	=	1777.038	/	7402.495
	=	24.01 %

Zhejiang Jiuli Hi-Tech Metals 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 )
	=	1629.068	/	( ( (13016.027 - 5157.819)	+	(12952.384 - 4975.344) )	/ 2 )
	=	1629.068	/	( ( 7858.208	+	7977.04 )	/ 2 )
	=	1629.068	/	7917.624
	=	20.58 %

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

Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) 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 Jiuli Hi-Tech Metals Co (SZSE:002318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Jiuli Hi-Tech Metals Co Ltd (SZSE:002318) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Zhenxi, Shuanglin Town, Zhejiang Province, Huzhou, CHN, 313012

Website

http://www.jiuli.com

Zhejiang Jiuli Hi-Tech Metals Co Ltd is a manufacturer of stainless steel. It serves civil nuclear power, electric power, oil and gas exploration, refinery, chemical and fine chemical, coal chemical, offshore engineering and shipbuilding and others.

Executives

Wang Zhang Cheng	Directors, executives
Li Zheng Zhou	Director
Yang Pei Fen	Directors, executives
Cai Li Ming	Director
Xu A Min	Directors, executives
Zhou Zhi Jiang	Director
Zheng Jie Ying	Directors, executives, representatives of securiti
Shen Xiao Gang	Supervisors
Zhang Yu Xu	Director
Su Cheng	Executives
Cai Xing Qiang	Director
Xu Wen Xin	Supervisors
Zhang Jian Xin	Director
Chen Pei Liang	Directors, executives

Zhejiang Jiuli Hi-Tech Metals Co (SZSE:002318) Headlines

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