Jinlong Machinery & Electronic Co (SZSE:300032) ROCE % : -1.65% (As of Mar. 2024)

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What is Jinlong Machinery & Electronic 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. Jinlong Machinery & Electronic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.65%.

Jinlong Machinery & Electronic Co ROCE % Historical Data

The historical data trend for Jinlong Machinery & Electronic 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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Jinlong Machinery & Electronic Co ROCE % Chart

Jinlong Machinery & Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.70

-13.76

-6.48

7.01

-29.94

Jinlong Machinery & Electronic 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															8.96	1.27	-4.98	-125.59	-1.65

Jinlong Machinery & Electronic Co ROCE % Calculation

Jinlong Machinery & Electronic 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 )
	=	-372.458	/	( ( (3223.909 - 1817.976)	+	(2070.373 - 988.403) )	/ 2 )
	=	-372.458	/	( (1405.933	+	1081.97)	/ 2 )
	=	-372.458	/	1243.9515
	=	-29.94 %

Jinlong Machinery & Electronic 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 )
	=	-17.276	/	( ( (2070.373 - 988.403)	+	(1767.106 - 751.022) )	/ 2 )
	=	-17.276	/	( ( 1081.97	+	1016.084 )	/ 2 )
	=	-17.276	/	1049.027
	=	-1.65 %

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

Jinlong Machinery & Electronic Co (SZSE:300032) 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.

Jinlong Machinery & Electronic Co ROCE % Related Terms

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Jinlong Machinery & Electronic Co (SZSE:300032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jinlong Machinery & Electronic Co Ltd (SZSE:300032) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinlong Science & Technology Park, Jin Gang Avenue, Baixiang, Yueqing (Wenzhou), CHN, 325603

Website

http://www.kotl.com.cn

Jinlong Machinery & Electronic Co Ltd engaged in electrical machinery and equipment manufacturing. The products of the company include motors, coin type vibrator, and solid motors.

Executives

Dai Ming Feng	Director
Jin Shao Ping	Director
Chen Jing Hua	Supervisors
Huang Juan	Directors, Directors, and Executives
Jin Mei Ou	Directors, executives
Chen Yu Qiang	Executives
Huang Yong Xian	Directors, executives

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