Jiangsu Jinling Sports Equipment Co (SZSE:300651) ROCE % : 1.42% (As of Mar. 2024)

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What is Jiangsu Jinling Sports Equipment 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 Jinling Sports Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.42%.

Jiangsu Jinling Sports Equipment Co ROCE % Historical Data

The historical data trend for Jiangsu Jinling Sports Equipment 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 Jinling Sports Equipment Co ROCE % Chart

Jiangsu Jinling Sports Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.12

6.03

4.72

5.02

7.34

Jiangsu Jinling Sports Equipment 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															1.15	4.86	11.37	12.13	1.42

Jiangsu Jinling Sports Equipment Co ROCE % Calculation

Jiangsu Jinling Sports Equipment 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 )
	=	77.642	/	( ( (1278.105 - 245.712)	+	(1311.879 - 228.143) )	/ 2 )
	=	77.642	/	( (1032.393	+	1083.736)	/ 2 )
	=	77.642	/	1058.0645
	=	7.34 %

Jiangsu Jinling Sports Equipment 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 )
	=	15.38	/	( ( (1311.879 - 228.143)	+	(1297.186 - 210.703) )	/ 2 )
	=	15.38	/	( ( 1083.736	+	1086.483 )	/ 2 )
	=	15.38	/	1085.1095
	=	1.42 %

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

Jiangsu Jinling Sports Equipment Co (SZSE:300651) 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 Jinling Sports Equipment Co ROCE % Related Terms

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Jiangsu Jinling Sports Equipment Co (SZSE:300651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Jinling Sports Equipment Co Ltd (SZSE:300651) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Haifeng Road, Nanfeng Town, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.jlsports.com

Jiangsu Jinling Sports Equipment Co Ltd is a sports equipment integrated service provider in China. The company is engaged in the development, production, sales and sports events of sports equipment and venue facilities. Its products portfolio includes ball equipment, track and field equipment, and others. It offers equipment for various kinds of sports events, including basketball, athletics, football, and others.

Executives

Li Jian Gang	Directors, executives
Xu Yan	Supervisors
Li Jian Feng	Director
Sun Jun	Directors, Directors, and Executives
Shi Xing Ping	Directors, executives
Li Chun Rong	Directors, executives
Zhao Yu Long	Executives
Shi Yong Hua	Director

Jiangsu Jinling Sports Equipment Co (SZSE:300651) Headlines

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