Harbin Jiuzhou Group Co (SZSE:300040) ROCE % : 3.14% (As of Sep. 2024)

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What is Harbin Jiuzhou 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. Harbin Jiuzhou Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.14%.

Harbin Jiuzhou Group Co ROCE % Historical Data

The historical data trend for Harbin Jiuzhou 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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Harbin Jiuzhou Group Co ROCE % Chart

Harbin Jiuzhou Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.21

2.33

4.08

3.58

3.22

Harbin Jiuzhou Group 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															6.74	-0.30	4.01	6.52	3.14

Harbin Jiuzhou Group Co ROCE % Calculation

Harbin Jiuzhou Group 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 )
	=	200.164	/	( ( (7572.161 - 1410.925)	+	(7427.491 - 1166.095) )	/ 2 )
	=	200.164	/	( (6161.236	+	6261.396)	/ 2 )
	=	200.164	/	6211.316
	=	3.22 %

Harbin Jiuzhou Group 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 )
	=	190.44	/	( ( (7487.262 - 1432.698)	+	(7298.459 - 1234.319) )	/ 2 )
	=	190.44	/	( ( 6054.564	+	6064.14 )	/ 2 )
	=	190.44	/	6059.352
	=	3.14 %

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

Harbin Jiuzhou Group Co (SZSE:300040) 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.

Harbin Jiuzhou Group Co ROCE % Related Terms

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Harbin Jiuzhou Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Jiuzhou Group Co Ltd (SZSE:300040) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 609 Jiuzhou Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150027

Website

http://www.jze.com.cn

Harbin Jiuzhou Group Co Ltd operates as an electrical equipment supplier and energy efficient management solutions provider. The solutions provided by the company include building technology, distribution automation, rail transit solution, data center, and city and infrastructure. The products and services include power products, switchgear, high voltage motor drive products, and power system automation.

Executives

Li Yin	Director
Li Zhen	Securities Affairs Representative
Zhang Qing	Directors, executives
Liu Fu Li	Executives
Yang Deng Rui	Independent director
Zou Cun Dong	Executives

Harbin Jiuzhou Group Co Headlines

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