Jin Tong Ling Technology Group Co (SZSE:300091) ROCE % : -9.72% (As of Sep. 2024)

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What is Jin Tong Ling Technology 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. Jin Tong Ling Technology Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.72%.

Jin Tong Ling Technology Group Co ROCE % Historical Data

The historical data trend for Jin Tong Ling Technology 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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Jin Tong Ling Technology Group Co ROCE % Chart

Jin Tong Ling Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.84

0.25

-0.81

-12.19

-18.28

Jin Tong Ling Technology 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															-6.16	-59.68	-1.71	-7.26	-9.72

Jin Tong Ling Technology Group Co ROCE % Calculation

Jin Tong Ling Technology 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 )
	=	-481.852	/	( ( (6218.154 - 3395.087)	+	(5441.617 - 2992.388) )	/ 2 )
	=	-481.852	/	( (2823.067	+	2449.229)	/ 2 )
	=	-481.852	/	2636.148
	=	-18.28 %

Jin Tong Ling Technology 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 )
	=	-219.164	/	( ( (5346.459 - 3112.526)	+	(5205.158 - 2928.513) )	/ 2 )
	=	-219.164	/	( ( 2233.933	+	2276.645 )	/ 2 )
	=	-219.164	/	2255.289
	=	-9.72 %

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

Jin Tong Ling Technology Group Co (SZSE:300091) 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.

Jin Tong Ling Technology Group Co ROCE % Related Terms

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Jin Tong Ling Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jin Tong Ling Technology Group Co Ltd (SZSE:300091) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 135 Middle Zhongxiu Road, Chongchuan District, Jiangsu Province, Nantong, CHN, 226001

Website

http://www.jtlfans.com

Jin Tong Ling Technology Group Co Ltd, formerly Jiangsu Jin Tong Ling Fluid Machinery Technology Co Ltd researches develop, manufactures, sells, and services fluid machinery and compressors primarily in China. The company offers centrifugal air compressors; high-speed single-stage centrifugal and maglev blowers; steam compressors and turbines; turbojets; and multistage centrifugal blowers.

Executives

Chen Da Peng	Director
Feng Ming Fei	Executives
Cao Xiao Jian	Supervisors
Shen Zhi Gang	Directors, executives
Jin Zhen Ming	Executives
Ji Wei Dong	Directors, executives
Ji Wei	Directors, executives
Wang Xia	Executives
Xu Huan Jun	Supervisors
Ou Yang Neng	Supervisors
Xu Guo Hua	Executives
Feng Lan Jiang	Executives
Ma Xiao Kui	Supervisors
Qian Jin Lin	Executives
Cao Ping	Directors, executives

Jin Tong Ling Technology Group Co Headlines

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