Hangzhou Jizhi Mechatronic Co (SZSE:300553) ROCE % : 2.06% (As of Sep. 2024)

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What is Hangzhou Jizhi Mechatronic 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. Hangzhou Jizhi Mechatronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.06%.

Hangzhou Jizhi Mechatronic Co ROCE % Historical Data

The historical data trend for Hangzhou Jizhi Mechatronic 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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Hangzhou Jizhi Mechatronic Co ROCE % Chart

Hangzhou Jizhi Mechatronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.25

3.57

7.38

3.36

4.22

Hangzhou Jizhi Mechatronic 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															0.28	-3.09	0.22	1.48	2.06

Hangzhou Jizhi Mechatronic Co ROCE % Calculation

Hangzhou Jizhi Mechatronic 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 )
	=	32.867	/	( ( (905.128 - 168.882)	+	(1059.375 - 239.498) )	/ 2 )
	=	32.867	/	( (736.246	+	819.877)	/ 2 )
	=	32.867	/	778.0615
	=	4.22 %

Hangzhou Jizhi Mechatronic 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 )
	=	19.74	/	( ( (1126.331 - 290.366)	+	(1368.809 - 283.923) )	/ 2 )
	=	19.74	/	( ( 835.965	+	1084.886 )	/ 2 )
	=	19.74	/	960.4255
	=	2.06 %

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

Hangzhou Jizhi Mechatronic Co (SZSE:300553) 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.

Hangzhou Jizhi Mechatronic Co ROCE % Related Terms

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Hangzhou Jizhi Mechatronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Jizhi Mechatronic Co Ltd (SZSE:300553) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 Xiyuan 3rd Road, Xihu Technology Zone, Zhejiang, Hangzhou, CHN, 310030

Website

http://www.zjjizhi.com

Hangzhou Jizhi Mechatronic Co Ltd is engaged in the development, design, production and sales of fully automatic balancing machines and testing machines in China. Its main products are fully automatic balancing machines which is mainly used for detecting and automatically correcting the unbalanced quantity of the rotating parts. Its other products include automatic balancing machines and testing machines. Its automatic balancing machines include semi-auto balance correction machines, two station automation balance correction machines, four station automatic balance correction machines, five station automatic balance correction machines and vertical balance correction machines.

Executives

Wu Dian Mei	Directors, executives
Shi Xiao Ying	Supervisors
Yang Quan Yong	Director
Zhao Liang Liang	Director
Zhang Jia Qing	Directors, executives
Chen Xu Chu	Directors, executives
Yu Jin Qiu	Executives
Lou Rong Wei	Directors, executives
Cai Wen	Executives

Hangzhou Jizhi Mechatronic Co Headlines

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