Jinlihua Electric Co (SZSE:300069) ROCE % : 13.19% (As of Jun. 2024)

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What is Jinlihua Electric 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. Jinlihua Electric Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.19%.

Jinlihua Electric Co ROCE % Historical Data

The historical data trend for Jinlihua Electric 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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Jinlihua Electric Co ROCE % Chart

Jinlihua Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.57

-16.45

-10.15

-9.32

3.95

Jinlihua Electric Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															13.00	1.71	9.45	-3.97	13.19

Jinlihua Electric Co ROCE % Calculation

Jinlihua Electric 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 )
	=	11.421	/	( ( (386.169 - 120.558)	+	(386.682 - 74.435) )	/ 2 )
	=	11.421	/	( (265.611	+	312.247)	/ 2 )
	=	11.421	/	288.929
	=	3.95 %

Jinlihua Electric Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	41.244	/	( ( (380.75 - 73.683)	+	(424.331 - 105.976) )	/ 2 )
	=	41.244	/	( ( 307.067	+	318.355 )	/ 2 )
	=	41.244	/	312.711
	=	13.19 %

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

Jinlihua Electric Co (SZSE:300069) 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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Jinlihua Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinlihua Electric Co Ltd (SZSE:300069) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Taihang North Road, Changzhi High-tech Zone, Shanxi Province, Changzhi, CHN, 321037

Website

http://www.jlhdq.com

Jinlihua Electric Co Ltd is engaged in the business of manufacturing insulators in China. It is focused on the research of new high-strength functional glass manufacturing technologies and the development of insulation products for HV transmission lines. Main products are the glass insulators for HV, UHV, and EHV transmission lines.

Executives

Zhao Jian	Director
Zhao Xiao Hong	Executives
Xia Zu Xing	Independent director
Weng Yong Hua	Securities Affairs Representative
Wu Xuan Ning	Executives

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