Wuhan Jingce Electronic Group Co (SZSE:300567) ROCE % : -1.34% (As of Mar. 2024)

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What is Wuhan Jingce Electronic Group 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. Wuhan Jingce Electronic Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.34%.

Wuhan Jingce Electronic Group Co ROCE % Historical Data

The historical data trend for Wuhan Jingce Electronic Group 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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Wuhan Jingce Electronic Group Co ROCE % Chart

Wuhan Jingce Electronic Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.19

12.09

6.37

6.93

3.62

Wuhan Jingce Electronic Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.91	1.18	-1.67	11.46	-1.34

Wuhan Jingce Electronic Group Co ROCE % Calculation

Wuhan Jingce Electronic Group 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 )
	=	193.017	/	( ( (7476.925 - 3073.371)	+	(9221.335 - 2951.57) )	/ 2 )
	=	193.017	/	( (4403.554	+	6269.765)	/ 2 )
	=	193.017	/	5336.6595
	=	3.62 %

Wuhan Jingce Electronic Group Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-85.752	/	( ( (9221.335 - 2951.57)	+	(9162.108 - 2640.265) )	/ 2 )
	=	-85.752	/	( ( 6269.765	+	6521.843 )	/ 2 )
	=	-85.752	/	6395.804
	=	-1.34 %

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

Wuhan Jingce Electronic Group Co (SZSE:300567) 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.

Wuhan Jingce Electronic Group Co ROCE % Related Terms

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Wuhan Jingce Electronic Group Co (SZSE:300567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuhan Jingce Electronic Group Co Ltd (SZSE:300567) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.53 Nanhu Avenue, 4 Floor, Hongshan Science & Technology Innovation Center, Hongshan District, Wuhan, CHN, 430070

Website

http://www.wuhanjingce.com

Wuhan Jingce Electronic Group Co Ltd operates in the domestic flat panel display industry. The company is mainly engaged in the research and development, production and sales of flat panel display detection systems. The company's main products include module test system, panel test system, OLED test system, AOI system, touch panel test system and FPD automation equipment.

Executives

Shen Ya Fei	Directors, executives
Liu Bing Hua	Directors, executives
You Li Juan	Executives
Yang Shen Dong	Executives
Chen Kai	Directors, executives
Peng Qian	Director
Luo Zhen Chuan	Executives
Ma Jun	Executives
Han Yu Hua	Supervisors

Wuhan Jingce Electronic Group Co (SZSE:300567) Headlines

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