Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) ROCE % : 20.26% (As of Sep. 2024)

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What is Zhejiang Jingsheng Mechanical and Electrical 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. Zhejiang Jingsheng Mechanical and Electrical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.26%.

Zhejiang Jingsheng Mechanical and Electrical Co ROCE % Historical Data

The historical data trend for Zhejiang Jingsheng Mechanical and Electrical 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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Zhejiang Jingsheng Mechanical and Electrical Co ROCE % Chart

Zhejiang Jingsheng Mechanical and Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.04

19.75

31.66

36.75

42.01

Zhejiang Jingsheng Mechanical and Electrical 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															49.50	32.69	33.98	26.10	20.26

Zhejiang Jingsheng Mechanical and Electrical Co ROCE % Calculation

Zhejiang Jingsheng Mechanical and Electrical 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 )
	=	6003.271	/	( ( (28889.276 - 17509.792)	+	(36808.359 - 19609.489) )	/ 2 )
	=	6003.271	/	( (11379.484	+	17198.87)	/ 2 )
	=	6003.271	/	14289.177
	=	42.01 %

Zhejiang Jingsheng Mechanical and Electrical 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 )
	=	3944.3	/	( ( (34563.218 - 15506.479)	+	(34069.714 - 14193.757) )	/ 2 )
	=	3944.3	/	( ( 19056.739	+	19875.957 )	/ 2 )
	=	3944.3	/	19466.348
	=	20.26 %

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

Zhejiang Jingsheng Mechanical and Electrical Co (SZSE:300316) 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.

Zhejiang Jingsheng Mechanical and Electrical Co ROCE % Related Terms

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Zhejiang Jingsheng Mechanical and Electrical Co Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 500, Shunda Road, Linping District, Zhejiang Province, Shangyu District, Hangzhou, CHN, 311199

Website

http://www.jsjd.cc

Zhejiang Jingsheng Mechanical and Electrical Co Ltd is engaged in Research & Development, manufacturing and sales of crystalline silicon growth equipment and its control systems.

Executives

Lu Xiao Wen	Directors, executives
Tao Huan Jun	Securities Affairs Representative
Zhang Jun	Executives
Fu Lin Jian	Executives
Zhu Liang	Directors, executives
Shi Gang	Executives
Cao Jian Wei	Directors, executives
Wang Qiu Chao	Independent director
Qiu Min Xiu	Director
Shen Bo Wei	Supervisors
Li Shi Lun	Director
Mao Quan Lin	Directors, executives

Zhejiang Jingsheng Mechanical and Electrical Co Headlines

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