Jianglong Shipbuilding Co (SZSE:300589) ROCE % : 0.98% (As of Sep. 2024)

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What is Jianglong Shipbuilding 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. Jianglong Shipbuilding Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.98%.

Jianglong Shipbuilding Co ROCE % Historical Data

The historical data trend for Jianglong Shipbuilding 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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Jianglong Shipbuilding Co ROCE % Chart

Jianglong Shipbuilding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.72

10.89

7.60

1.06

5.34

Jianglong Shipbuilding 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															-1.47	16.81	7.45	2.87	0.98

Jianglong Shipbuilding Co ROCE % Calculation

Jianglong Shipbuilding 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 )
	=	45.662	/	( ( (1549.483 - 741.209)	+	(2392.491 - 1489.758) )	/ 2 )
	=	45.662	/	( (808.274	+	902.733)	/ 2 )
	=	45.662	/	855.5035
	=	5.34 %

Jianglong Shipbuilding 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 )
	=	8.36	/	( ( (1970.113 - 1119.763)	+	(2015.049 - 1160.361) )	/ 2 )
	=	8.36	/	( ( 850.35	+	854.688 )	/ 2 )
	=	8.36	/	852.519
	=	0.98 %

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

Jianglong Shipbuilding Co (SZSE:300589) 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.

Jianglong Shipbuilding Co ROCE % Related Terms

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Jianglong Shipbuilding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Jianglong Shipbuilding Co Ltd (SZSE:300589) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Guizhu Road, Jianglong Boat Science and Technology Park, Shenwan Town, Guangdong Province, Zhongshan, CHN, 528462

Website

http://en.jianglong.cn

Jianglong Shipbuilding Co Ltd manufactures and sells various yachts and boats. It is engaged in design, research and development, manufacturing and sales of patrol boats, tourism leisure boats and passenger boats, which are made of steel, aluminum alloy, fiberglass and composite materials. The company's products include fiberglass luxury yachts, patrol boats, tourist passenger boats, fishing vessels, and Passenger boat.

Executives

Zhao Sheng Hua	Director
Tan Yong Can	Executives
Yan Zhi Qing	Directors, executives
Xia Gang	Director
Gong Zhong Ying	Director
He Wen Jun	Directors, executives
Cheng Jue Hao	Independent director

Jianglong Shipbuilding Co Headlines

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