Beijing Jetsen Technology Co (SZSE:300182) ROCE % : 6.46% (As of Mar. 2024)

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What is Beijing Jetsen Technology 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. Beijing Jetsen Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.46%.

Beijing Jetsen Technology Co ROCE % Historical Data

The historical data trend for Beijing Jetsen Technology 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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Beijing Jetsen Technology Co ROCE % Chart

Beijing Jetsen Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-22.99

-15.41

8.15

8.56

7.25

Beijing Jetsen Technology 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															9.13	9.98	4.79	4.86	6.46

Beijing Jetsen Technology Co ROCE % Calculation

Beijing Jetsen Technology 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 )
	=	559.895	/	( ( (10046.53 - 2547.941)	+	(10641.197 - 2695.045) )	/ 2 )
	=	559.895	/	( (7498.589	+	7946.152)	/ 2 )
	=	559.895	/	7722.3705
	=	7.25 %

Beijing Jetsen Technology 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 )
	=	517.336	/	( ( (10641.197 - 2695.045)	+	(10720.919 - 2658.219) )	/ 2 )
	=	517.336	/	( ( 7946.152	+	8062.7 )	/ 2 )
	=	517.336	/	8004.426
	=	6.46 %

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

Beijing Jetsen Technology Co (SZSE:300182) 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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Beijing Jetsen Technology Co (SZSE:300182) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Jetsen Technology Co Ltd (SZSE:300182) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Zhichun Road, 7th Floor, International Building, 7/F Xueyuan International Tower, Haidian District, Beijing, CHN

Website

http://www.jetsen.com.cn

Beijing Jetsen Technology Co Ltd is engaged in the design, development, and implementation of the overall audio and video solutions. It mainly focuses on the broadcasting industry.

Executives

Mi Xin	Director
Xu Zi Quan	Director
Jing Cuo	Executives
Wang You Song	Independent director
Han Sheng Li	Director
Chen Tong Gang	Directors, executives
Zhang Wen Ju	Executives
Han Gang	Director
Shen Gang	Executives
Yuan Fang	Securities Affairs Representative
Yue Yang	Director
Zhuang Bing	Executives
Xue Jun Feng	Director
Wei Ming Yue	Supervisors
Wang Xiao Bin	Executives

Beijing Jetsen Technology Co (SZSE:300182) Headlines

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