Jiangsu Daybright Intelligent Electric Co (SZSE:300670) ROCE % : -2.75% (As of Sep. 2024)

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What is Jiangsu Daybright Intelligent Electric 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 Daybright Intelligent Electric Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.75%.

Jiangsu Daybright Intelligent Electric Co ROCE % Historical Data

The historical data trend for Jiangsu Daybright Intelligent Electric 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 Daybright Intelligent Electric Co ROCE % Chart

Jiangsu Daybright Intelligent Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.84

9.51

6.16

-13.84

-8.61

Jiangsu Daybright Intelligent Electric 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															0.39	-30.84	6.59	4.36	-2.75

Jiangsu Daybright Intelligent Electric Co ROCE % Calculation

Jiangsu Daybright Intelligent Electric 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 )
	=	-114.825	/	( ( (2109.098 - 669.438)	+	(2150.302 - 921.372) )	/ 2 )
	=	-114.825	/	( (1439.66	+	1228.93)	/ 2 )
	=	-114.825	/	1334.295
	=	-8.61 %

Jiangsu Daybright Intelligent Electric 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 )
	=	-34.432	/	( ( (2139.557 - 881.075)	+	(2022.748 - 773.898) )	/ 2 )
	=	-34.432	/	( ( 1258.482	+	1248.85 )	/ 2 )
	=	-34.432	/	1253.666
	=	-2.75 %

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

Jiangsu Daybright Intelligent Electric Co (SZSE:300670) 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 Daybright Intelligent Electric Co ROCE % Related Terms

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Jiangsu Daybright Intelligent Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Daybright Intelligent Electric Co Ltd (SZSE:300670) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 223, Jiangjun Avenue, Jiangning District, Nanjing, CHN, 211100

Website

http://www.daybright.cn

Jiangsu Daybright Intelligent Electric Co Ltd is engaged in the research and development, production, and sale of distribution network automation products in China. Its main products include intelligent medium voltage switchgear, distribution automation terminal, substation automation system, low-voltage electrical complete sets of equipment.

Executives

Ceng Zhi	Directors, executives
Ren Zhang Gen	Executives

Jiangsu Daybright Intelligent Electric Co Headlines

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