Shenzhen JT Automation Equipment Co (SZSE:300400) ROCE % : 13.51% (As of Sep. 2024)

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What is Shenzhen JT Automation Equipment 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. Shenzhen JT Automation Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.51%.

Shenzhen JT Automation Equipment Co ROCE % Historical Data

The historical data trend for Shenzhen JT Automation Equipment 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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Shenzhen JT Automation Equipment Co ROCE % Chart

Shenzhen JT Automation Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.27

21.46

10.80

12.27

5.49

Shenzhen JT Automation Equipment 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															1.38	3.06	4.34	13.14	13.51

Shenzhen JT Automation Equipment Co ROCE % Calculation

Shenzhen JT Automation Equipment 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 )
	=	43.935	/	( ( (1238.91 - 465.914)	+	(1186.321 - 358.901) )	/ 2 )
	=	43.935	/	( (772.996	+	827.42)	/ 2 )
	=	43.935	/	800.208
	=	5.49 %

Shenzhen JT Automation Equipment 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 )
	=	113.484	/	( ( (1217.589 - 345.265)	+	(1175.172 - 367.095) )	/ 2 )
	=	113.484	/	( ( 872.324	+	808.077 )	/ 2 )
	=	113.484	/	840.2005
	=	13.51 %

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

Shenzhen JT Automation Equipment Co (SZSE:300400) 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.

Shenzhen JT Automation Equipment Co ROCE % Related Terms

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Shenzhen JT Automation Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen JT Automation Equipment Co Ltd (SZSE:300400) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

JT Automation Industrial Park, 8th Avenue North, Hezhou Industrial Zone, Xixiang, Baoan District, Shenzhen, CHN, 518126

Website

http://www.jt-ele.com

Shenzhen JT Automation Equipment Co Ltd is a China-based equipment system and an advanced manufacturing system supplier. The company is engaged in the research, development, production, and sale of specialized equipment, as well as the provision of related services. It operates in two business divisions including intelligent manufacturing and photoelectric display. Its product offerings include electronic machine assembly equipment, photovoltaic panel, display module production equipment and aviation special manufacturing equipment. It caters its products and services to the aviation, automobiles, ships, communications, wearable equipment and consumer electronics sector.

Executives

Shao Shu Li	Executives
He Yuan Wei	Directors, executives
Chen Qi	Director
Chen Dong	Director
Xu De Yong	Directors, executives
Wang Ai Wu	Supervisors
Zhu Kui	Directors, executives
Wu Xian	Director
Chen Jie Xin	Director
Su Guang Jun	Supervisors
Zhu Wu Ling	Director

Shenzhen JT Automation Equipment Co Headlines

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