Wuxi JinYang New Materials Co (SZSE:301210) ROCE % : 2.90% (As of Sep. 2024)

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What is Wuxi JinYang New Materials 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. Wuxi JinYang New Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.90%.

Wuxi JinYang New Materials Co ROCE % Historical Data

The historical data trend for Wuxi JinYang New Materials 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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Wuxi JinYang New Materials Co ROCE % Chart

Wuxi JinYang New Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-3.72

25.58

32.21

17.58

6.40

Wuxi JinYang New Materials Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												4.30	3.41	3.17	4.55	2.90

Wuxi JinYang New Materials Co ROCE % Calculation

Wuxi JinYang New Materials 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 )
	=	90.229	/	( ( (1460.604 - 583.344)	+	(2285.919 - 343.718) )	/ 2 )
	=	90.229	/	( (877.26	+	1942.201)	/ 2 )
	=	90.229	/	1409.7305
	=	6.40 %

Wuxi JinYang New Materials 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 )
	=	58.104	/	( ( (2328.193 - 335.83)	+	(2420.484 - 407.135) )	/ 2 )
	=	58.104	/	( ( 1992.363	+	2013.349 )	/ 2 )
	=	58.104	/	2002.856
	=	2.90 %

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

Wuxi JinYang New Materials Co (SZSE:301210) 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.

Wuxi JinYang New Materials Co ROCE % Related Terms

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Wuxi JinYang New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi JinYang New Materials Co Ltd (SZSE:301210) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Ganlu Xigan Road, Ehu Town, Xishan, Jiangsu, Wuxi, CHN, 214117

Website

http://www.wx-jy.com

Wuxi JinYang New Materials Co Ltd is engaged in research & development, production and sales of battery precision structural parts and materials. Its main products are battery packaging shells, safety valves, and nickel-based conductor materials. The company is one of the leading manufacturers of battery precision structural parts and materials in China. Its products are Steel cases for cylindrical batteries, Cylindrical lithium caps, Aluminum shells for square power lithium batteries, Square lithium battery covers, and Ultra-precision cold rolled nickel strips and foil.

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