Zhejiang Jingu Co (SZSE:002488) ROCE % : 1.49% (As of Mar. 2024)

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What is Zhejiang Jingu 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. Zhejiang Jingu Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.49%.

Zhejiang Jingu Co ROCE % Historical Data

The historical data trend for Zhejiang Jingu 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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Zhejiang Jingu Co ROCE % Chart

Zhejiang Jingu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.01

-2.30

4.18

10.49

1.73

Zhejiang Jingu Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.17	1.26	1.56	3.32	1.49

Zhejiang Jingu Co ROCE % Calculation

Zhejiang Jingu 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 )
	=	92.801	/	( ( (7362.76 - 2564.951)	+	(7936.517 - 1980.797) )	/ 2 )
	=	92.801	/	( (4797.809	+	5955.72)	/ 2 )
	=	92.801	/	5376.7645
	=	1.73 %

Zhejiang Jingu Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	89.784	/	( ( (7936.517 - 1980.797)	+	(8159.068 - 2103.511) )	/ 2 )
	=	89.784	/	( ( 5955.72	+	6055.557 )	/ 2 )
	=	89.784	/	6005.6385
	=	1.49 %

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

Zhejiang Jingu Co (SZSE:002488) 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.

Zhejiang Jingu Co ROCE % Related Terms

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Zhejiang Jingu Co (SZSE:002488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Jingu Co Ltd (SZSE:002488) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.28 Fengshou Road, Fuyang, Zhejiang, CHN, 311400

Website

http://www.jgwheel.com

Zhejiang Jingu Co Ltd researches, designs, develops, manufactures, and sells steel wheels in China. Jingu's products include tubeless truck wheels, passenger car wheels, trailer wheels and agriculture vehicle wheels.

Executives

Shi Qing Yun	Executives
Sun Jin Guo	Director
Shi Zhi Shan	Director
Sun Hua Qun	Supervisors
Luo Xiang Feng	Securities Affairs Representative
Sheng Feng	Supervisors
Zhu Dan	Executives
Sun Feng Feng	Directors, executives
Sun Xing Yuan	Executives
Ni Yong Hua	Directors, Directors, and Executives
Lu Ben Yin	Supervisors
He Feng	Director
Xu Xiao Fei	Supervisors
Jin Jia Yan	Executives
Sun Ye Fei	Executives

Zhejiang Jingu Co (SZSE:002488) Headlines

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