Zhejiang Jindun Fans Co (SZSE:300411) ROCE % : 2.75% (As of Sep. 2024)

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What is Zhejiang Jindun Fans 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 Jindun Fans Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.75%.

Zhejiang Jindun Fans Co ROCE % Historical Data

The historical data trend for Zhejiang Jindun Fans 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 Jindun Fans Co ROCE % Chart

Zhejiang Jindun Fans Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.56

1.72

-2.08

1.77

1.19

Zhejiang Jindun Fans 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															4.08	-3.33	3.03	2.22	2.75

Zhejiang Jindun Fans Co ROCE % Calculation

Zhejiang Jindun Fans 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 )
	=	12.127	/	( ( (1436.178 - 409.476)	+	(1502.903 - 486.332) )	/ 2 )
	=	12.127	/	( (1026.702	+	1016.571)	/ 2 )
	=	12.127	/	1021.6365
	=	1.19 %

Zhejiang Jindun Fans 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 )
	=	28.492	/	( ( (1454.49 - 421.635)	+	(1484.745 - 445.644) )	/ 2 )
	=	28.492	/	( ( 1032.855	+	1039.101 )	/ 2 )
	=	28.492	/	1035.978
	=	2.75 %

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

Zhejiang Jindun Fans Co (SZSE:300411) 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 Jindun Fans Co ROCE % Related Terms

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Zhejiang Jindun Fans Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Jindun Fans Co Ltd (SZSE:300411) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhangzhen Town Industrial Park, Shangyu District, Zhejiang Province, Shaoxing, CHN, 312363

Website

http://www.jindunfan.com

Zhejiang Jindun Fans Co Ltd is a high-tech enterprise specializing in the Research & Development and manufacturing of high-end equipment and systems for military and civilian integration. The company's product profile includes SDS (R) series two-way jet fan, SDS series one-way jet fan, HTF series fire high-temperature exhaust smoke axial fan, and others.

Executives

Chen Gen Rong	Directors, executives
Wang Miao Gen	Directors, executives

Zhejiang Jindun Fans Co Headlines

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