Jiangxi Firstar Panel Technology Co (SZSE:300256) ROCE % : -7.66% (As of Mar. 2024)

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What is Jiangxi Firstar Panel 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. Jiangxi Firstar Panel Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.66%.

Jiangxi Firstar Panel Technology Co ROCE % Historical Data

The historical data trend for Jiangxi Firstar Panel 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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Jiangxi Firstar Panel Technology Co ROCE % Chart

Jiangxi Firstar Panel Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.05

-121.69

-389.98

27.94

-28.98

Jiangxi Firstar Panel 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															-11.81	-22.50	-11.91	-70.75	-7.66

Jiangxi Firstar Panel Technology Co ROCE % Calculation

Jiangxi Firstar Panel 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 )
	=	-523.281	/	( ( (2697.315 - 614.251)	+	(2154.994 - 626.424) )	/ 2 )
	=	-523.281	/	( (2083.064	+	1528.57)	/ 2 )
	=	-523.281	/	1805.817
	=	-28.98 %

Jiangxi Firstar Panel 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 )
	=	-115.796	/	( ( (2154.994 - 626.424)	+	(2108.947 - 613.696) )	/ 2 )
	=	-115.796	/	( ( 1528.57	+	1495.251 )	/ 2 )
	=	-115.796	/	1511.9105
	=	-7.66 %

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

Jiangxi Firstar Panel Technology Co (SZSE:300256) 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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Jiangxi Firstar Panel Technology Co (SZSE:300256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangxi Firstar Panel Technology Co Ltd (SZSE:300256) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Building, Hongjiaxing Electronic Industry Base, Jiaojiang District, Zhejiang Province, Taizhou, CHN, 318015

Website

http://www.first-panel.com

Zhejiang Firstar Panel Technology Co Ltd is a China based company engaged in the manufacture and distribution of liquid crystal display window protection screen products. Its products include sight glass protective screens, touch screens, touch display modules, new display devices and relevant materials and modules. The products are used in panel mobile phones, panel computers and music displayers.

Executives

Mao Xiao Lin	Director
Chen Mei Fen	Executives
Li Wei Min	Directors, executives
Wang Xian Yu	Director
Shao Guo Feng	Executives
Pan Qing Shou	Director
Lin Hai Ping	Director
Ye Xian Yu	Director
Pan Ling Juan	Supervisors
Jing Meng	Executives
Wang Chun Qiao	Executives
Li Hai Fei	Director
Li Xue Jun	Supervisors

Jiangxi Firstar Panel Technology Co (SZSE:300256) Headlines

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