GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangxi Geto New Materials Corp Ltd (SZSE:300986) » Definitions » ROCE %

Jiangxi Geto New Materials (SZSE:300986) ROCE % : 13.21% (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Jiangxi Geto New Materials 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. Jiangxi Geto New Materials's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.21%.


Jiangxi Geto New Materials ROCE % Historical Data

The historical data trend for Jiangxi Geto New Materials'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.

* Premium members only.

Jiangxi Geto New Materials ROCE % Chart

Jiangxi Geto New Materials Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 32.31 30.27 18.33 14.58 1.53

Jiangxi Geto New Materials 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.90 -5.01 2.29 8.31 13.21

Jiangxi Geto New Materials ROCE % Calculation

Jiangxi Geto New Materials'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 )
=36.53/( ( (3943.321 - 1884.081) + (5067.89 - 2365.427) )/ 2 )
=36.53/( (2059.24+2702.463)/ 2 )
=36.53/2380.8515
=1.53 %

Jiangxi Geto New Materials'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 )
=353.36/( ( (5248.724 - 2587.914) + (5217.439 - 2528.269) )/ 2 )
=353.36/( ( 2660.81 + 2689.17 )/ 2 )
=353.36/2674.99
=13.21 %

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

* 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.


Jiangxi Geto New Materials  (SZSE:300986) 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.


Jiangxi Geto New Materials ROCE % Related Terms

Thank you for viewing the detailed overview of Jiangxi Geto New Materials's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangxi Geto New Materials Business Description

Traded in Other Exchanges
N/A
Address
Zhongshan Torch Development Zone, 4th Floor, Building B, Zhongshan Creative Port, Guangdong Province, Zhongshan, CHN, 528436
Jiangxi Geto New Materials Corp Ltd is a comprehensive service-oriented enterprise mainly engaged in new-type building aluminum formwork, self-climbing platforms, and concrete products. Its product offerings include aluminum molds, aluminum alloy templates, sky building machines, steel formwork systems, fair-faced concretes, prefabricated houses, lifting protection platforms, steel frame wooden formwork, and others. The company's products are mainly used in the civil and public construction fields.

Jiangxi Geto New Materials Headlines

No Headlines