Guangdong Jinma Entertainment (SZSE:300756) ROCE % : -0.19% (As of Sep. 2024)

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What is Guangdong Jinma Entertainment 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. Guangdong Jinma Entertainment's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.19%.

Guangdong Jinma Entertainment ROCE % Historical Data

The historical data trend for Guangdong Jinma Entertainment'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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Guangdong Jinma Entertainment ROCE % Chart

Guangdong Jinma Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.73

-2.11

3.69

-2.28

3.41

Guangdong Jinma Entertainment 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															7.59	-14.29	3.86	1.07	-0.19

Guangdong Jinma Entertainment ROCE % Calculation

Guangdong Jinma Entertainment'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 )
	=	45.011	/	( ( (1945.967 - 787.993)	+	(2110.416 - 626.702) )	/ 2 )
	=	45.011	/	( (1157.974	+	1483.714)	/ 2 )
	=	45.011	/	1320.844
	=	3.41 %

Guangdong Jinma Entertainment'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 )
	=	-2.764	/	( ( (2151.872 - 659.572)	+	(2259.625 - 769.13) )	/ 2 )
	=	-2.764	/	( ( 1492.3	+	1490.495 )	/ 2 )
	=	-2.764	/	1491.3975
	=	-0.19 %

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

Guangdong Jinma Entertainment (SZSE:300756) 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.

Guangdong Jinma Entertainment ROCE % Related Terms

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Guangdong Jinma Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Guangdong Jinma Entertainment Corp Ltd (SZSE:300756) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 5 Yanjiang East 3rd Road, Torch Development Zone, Guangdong Province, Zhongshan, CHN, 528437

Website

http://www.jinmabrand.com

Guangdong Jinma Entertainment Corp Ltd, formerly Jinma Technology Entertainment Corp Ltd is engaged in the development, production, and sale of amusement facilities. The company has sets of plants and equipment for mechanical processing, testing and installation, capable of manufacturing all kind of large, medium and small amusement rides. Its rides include roller coasters, tower rides, water rides, giant wheels, classic rides, carousels, family rides, scenery trains, and dark rides.

Executives

Lin Ze Zhao	Executives
Ceng Qing Yuan	Directors, executives
Deng Zhi Yi	Director
Liu Xi Wang	Directors, executives
Li Yong	Directors, executives
Jia Liao Chuan	Executives
Gao Qing Bin	Executives
Li Yu Cheng	Supervisors
Zheng Cai Yun	Executives
Chen Tao	Executives

Guangdong Jinma Entertainment Headlines

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