Jilin Jlu Communication Design Institute Co (SZSE:300597) ROCE % : 1.80% (As of Mar. 2024)

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What is Jilin Jlu Communication Design Institute 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. Jilin Jlu Communication Design Institute Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.80%.

Jilin Jlu Communication Design Institute Co ROCE % Historical Data

The historical data trend for Jilin Jlu Communication Design Institute 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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Jilin Jlu Communication Design Institute Co ROCE % Chart

Jilin Jlu Communication Design Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.25

4.17

4.73

2.39

0.38

Jilin Jlu Communication Design Institute 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															2.27	2.65	1.03	-4.45	1.80

Jilin Jlu Communication Design Institute Co ROCE % Calculation

Jilin Jlu Communication Design Institute 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 )
	=	4.156	/	( ( (1393.076 - 294.984)	+	(1437.118 - 343.873) )	/ 2 )
	=	4.156	/	( (1098.092	+	1093.245)	/ 2 )
	=	4.156	/	1095.6685
	=	0.38 %

Jilin Jlu Communication Design Institute 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 )
	=	19.396	/	( ( (1437.118 - 343.873)	+	(1345.424 - 280.764) )	/ 2 )
	=	19.396	/	( ( 1093.245	+	1064.66 )	/ 2 )
	=	19.396	/	1078.9525
	=	1.80 %

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

Jilin Jlu Communication Design Institute Co (SZSE:300597) 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.

Jilin Jlu Communication Design Institute Co ROCE % Related Terms

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Jilin Jlu Communication Design Institute Co (SZSE:300597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jilin Jlu Communication Design Institute Co Ltd (SZSE:300597) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Nanhu Xuefu Classic Community, Room 701, Building 9, Chaoyang District, Changchun, CHN, 130012

Website

http://www.jlucdi.com

Jilin Jlu Communication Design Institute Co Ltd is a China based company engaged in consulting, surveying and design of communication engineering projects. Its services include planning, feasibility study, evaluation, scheme design, project proposal, and technical specification. The business areas of the company comprise Service area, Professional scope, and Service object. Its service scope comprises core network, data network, support network, mobile communication, microwave communication, wireless network optimization, optical fiber communication, communication power supply, communication line, communication pipeline, CATV, intelligent building system integration, broadband fiber access, and smart city construction among others.

Executives

Lin Jia Yun	Director
Ma Shu Cai	Directors, executives
Wu Liang Chun	Directors, executives
Zhou Wei	Directors, Directors, and Executives
Xia Xi Gang	Executives
Jin Yi Jing	Executives
Geng Yan	Securities Affairs Representative
Qiao Yuan Zhi	Supervisors
Li Bao Yan	Supervisors

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