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

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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.

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Jiangxi Geto New Materials ROCE % Chart

Jiangxi Geto New Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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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															-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.

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

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Jiangxi Geto New Materials Business Description

Industry

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

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Address

Zhongshan Torch Development Zone, 4th Floor, Building B, Zhongshan Creative Port, Guangdong Province, Zhongshan, CHN, 528436

Website

http://www.geto.com.cn

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.

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