Jiawei Renewable Energy Co (SZSE:300317) ROCE % : -4.07% (As of Sep. 2024)

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What is Jiawei Renewable Energy 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. Jiawei Renewable Energy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.07%.

Jiawei Renewable Energy Co ROCE % Historical Data

The historical data trend for Jiawei Renewable Energy 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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Jiawei Renewable Energy Co ROCE % Chart

Jiawei Renewable Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.05

4.43

-10.21

5.24

3.55

Jiawei Renewable Energy 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															6.02	4.70	-3.29	-3.08	-4.07

Jiawei Renewable Energy Co ROCE % Calculation

Jiawei Renewable Energy 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 )
	=	74.6	/	( ( (2336.299 - 442.034)	+	(2932.945 - 625.577) )	/ 2 )
	=	74.6	/	( (1894.265	+	2307.368)	/ 2 )
	=	74.6	/	2100.8165
	=	3.55 %

Jiawei Renewable Energy 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 )
	=	-100.156	/	( ( (3093.133 - 554.955)	+	(3149.991 - 764.863) )	/ 2 )
	=	-100.156	/	( ( 2538.178	+	2385.128 )	/ 2 )
	=	-100.156	/	2461.653
	=	-4.07 %

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

Jiawei Renewable Energy Co (SZSE:300317) 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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Jiawei Renewable Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiawei Renewable Energy Co Ltd (SZSE:300317) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3099, Keyuan South Road, ABD, 33F, China Energy Storage Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518063

Website

https://www.jiawei.com

Jiawei Renewable Energy Co Ltd operates in the photovoltaic lighting industry. The company is engaged in the research and development, manufacturing and sales of photovoltaic lighting products. Its product offerings consists of Lithium-ion Battery, Photovoltaic Power and Smart Lighting.

Executives

Ding Kong Xian	Director
Zhu Ting Ting	Securities Affairs Representative
Bai Liang	Directors, executives
Li Hua Zheng	Supervisors
Peng Qin Wen	Secretary Dong
Wu Wan Qun	Supervisors
Cheng Shi Chang	Director

Jiawei Renewable Energy Co Headlines

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