Jiangsu Boiln Plastics Co (SZSE:301003) ROCE % : 12.44% (As of Sep. 2024)

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What is Jiangsu Boiln Plastics 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 Boiln Plastics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.44%.

Jiangsu Boiln Plastics Co ROCE % Historical Data

The historical data trend for Jiangsu Boiln Plastics 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 Boiln Plastics Co ROCE % Chart

Jiangsu Boiln Plastics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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51.86

54.02

23.73

12.27

11.65

Jiangsu Boiln Plastics 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															12.34	12.63	11.40	15.88	12.44

Jiangsu Boiln Plastics Co ROCE % Calculation

Jiangsu Boiln Plastics 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 )
	=	133.58	/	( ( (1149.225 - 45.835)	+	(1232.933 - 43.673) )	/ 2 )
	=	133.58	/	( (1103.39	+	1189.26)	/ 2 )
	=	133.58	/	1146.325
	=	11.65 %

Jiangsu Boiln Plastics 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 )
	=	144.436	/	( ( (1208.816 - 48.173)	+	(1212.968 - 50.586) )	/ 2 )
	=	144.436	/	( ( 1160.643	+	1162.382 )	/ 2 )
	=	144.436	/	1161.5125
	=	12.44 %

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

Jiangsu Boiln Plastics Co (SZSE:301003) 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 Boiln Plastics Co ROCE % Related Terms

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Jiangsu Boiln Plastics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Boiln Plastics Co Ltd (SZSE:301003) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xingyu West Road, Jinfeng Town, Jiangsu Province, Zhangjiagang, CHN, 215626

Website

http://www.boiln.com

Jiangsu Boiln Plastics Co Ltd is engaged in the research and development, production, and sales of modified plastic products. Its products include Pemaron, Autron, Ventron, and Coloron. The products cover automotive, electronic appliances, health home, electric tools, and other applications.

Executives

Liu Yan Guo

Directors, executives

Jiangsu Boiln Plastics Co Headlines

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