JiangSu JiuWu Hi-Tech Co (SZSE:300631) ROCE % : 4.75% (As of Mar. 2024)

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What is JiangSu JiuWu Hi-Tech 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. JiangSu JiuWu Hi-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.75%.

JiangSu JiuWu Hi-Tech Co ROCE % Historical Data

The historical data trend for JiangSu JiuWu Hi-Tech 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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JiangSu JiuWu Hi-Tech Co ROCE % Chart

JiangSu JiuWu Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.38

13.52

8.39

3.63

3.45

JiangSu JiuWu Hi-Tech 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															1.72	0.51	0.55	11.04	4.75

JiangSu JiuWu Hi-Tech Co ROCE % Calculation

JiangSu JiuWu Hi-Tech 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 )
	=	44.523	/	( ( (1823.669 - 532.289)	+	(1893.032 - 604.907) )	/ 2 )
	=	44.523	/	( (1291.38	+	1288.125)	/ 2 )
	=	44.523	/	1289.7525
	=	3.45 %

JiangSu JiuWu Hi-Tech 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 )
	=	60.992	/	( ( (1893.032 - 604.907)	+	(1808.254 - 529.44) )	/ 2 )
	=	60.992	/	( ( 1288.125	+	1278.814 )	/ 2 )
	=	60.992	/	1283.4695
	=	4.75 %

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

JiangSu JiuWu Hi-Tech Co (SZSE:300631) 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.

JiangSu JiuWu Hi-Tech Co ROCE % Related Terms

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JiangSu JiuWu Hi-Tech Co (SZSE:300631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JiangSu JiuWu Hi-Tech Co Ltd (SZSE:300631) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Huqiao East Road, Jiangpu Sub District, Pukou District, Nanjing City, CHN, 211808

Website

http://www.jiuwu.com

JiangSu JiuWu Hi-Tech Co Ltd is engaged in the research and development and application of membrane separation technology. Its products include organic membranes, ceramic and organic membrane modules, membrane pilot machines, and skid-mounted devices. The company's products and technologies have been widely used in chlor-alkali chemical brine refining, petrochemical membrane catalytic reaction, coal chemical oil and water separation, purification of fine chemical products, antibiotics, and other biological products.

Executives

Jin Xin Lei	Executives
Pan Suo Liang	Executives
Cheng Heng	Directors, Directors, and Executives
Wei Xu	Executives
Wang Xiao Hu	Executives
Yang Ji Heng	Executives
Liu Fei	Director
Fang Qiu	Executives
Sun Jian	Director
Dang Jian Bing	Director

JiangSu JiuWu Hi-Tech Co (SZSE:300631) Headlines

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