Jinlongyu Group Co (SZSE:002882) ROCE % : 2.93% (As of Dec. 2024)

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What is Jinlongyu Group 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. Jinlongyu Group Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.93%.

Jinlongyu Group Co ROCE % Historical Data

The historical data trend for Jinlongyu Group 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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Jinlongyu Group Co ROCE % Chart

Jinlongyu Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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14.36

4.46

15.56

10.54

8.66

Jinlongyu Group 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															-3.80	9.66	11.17	10.94	2.93

Jinlongyu Group Co ROCE % Calculation

Jinlongyu Group 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 )
	=	186.075	/	( ( (3287.04 - 1165.757)	+	(3815.854 - 1640.112) )	/ 2 )
	=	186.075	/	( (2121.283	+	2175.742)	/ 2 )
	=	186.075	/	2148.5125
	=	8.66 %

Jinlongyu Group 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 )
	=	63.68	/	( ( (3590.219 - 1423.343)	+	(3815.854 - 1640.112) )	/ 2 )
	=	63.68	/	( ( 2166.876	+	2175.742 )	/ 2 )
	=	63.68	/	2171.309
	=	2.93 %

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

Jinlongyu Group Co (SZSE:002882) 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.

Jinlongyu Group Co ROCE % Related Terms

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Jinlongyu Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jinlongyu Group Co Ltd (SZSE:002882) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Phuket Sheung Shui Road, Jinlong Yu Group Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518112

Website

http://Www.szjly.com

Jinlongyu Group Co Ltd is a wire and cable manufacturing company in South China. The principal business activities of the company include research and development, production, sales and service of wire and cable. Its main wire and cable products mainly include polyethylene insulated power cable, insulated PVC sheathed power cable, overhead insulated cables, steel core aluminum stranded wire, copper - aluminum core power cable and computer cables and control cables. The products of Jinlongyu Group are exported to a number of countries and regions such as Singapore, Australia, Hong Kong, among others.

Executives

Xia Lan	Directors, executives
Ji Xing Dan	Directors, executives
Feng Bo	Executives
Lu Zhi Cai	Directors, executives
Zhou Yong Hua	Executives
Zheng Kang Jun	Director
Xiong Zhong Hong	Executives
Li Si Xi	Director
Ji Gui Xin	Supervisors

Jinlongyu Group Co Headlines

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