Beijing Oriental Jicheng Co (SZSE:002819) ROCE % : -4.86% (As of Mar. 2024)

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What is Beijing Oriental Jicheng 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. Beijing Oriental Jicheng Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.86%.

Beijing Oriental Jicheng Co ROCE % Historical Data

The historical data trend for Beijing Oriental Jicheng 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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Beijing Oriental Jicheng Co ROCE % Chart

Beijing Oriental Jicheng Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.67

13.94

9.40

21.21

-4.16

Beijing Oriental Jicheng 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															-5.72	-4.90	-6.91	1.45	-4.86

Beijing Oriental Jicheng Co ROCE % Calculation

Beijing Oriental Jicheng 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 )
	=	-154.34	/	( ( (5154.04 - 1220.158)	+	(4825.722 - 1334.498) )	/ 2 )
	=	-154.34	/	( (3933.882	+	3491.224)	/ 2 )
	=	-154.34	/	3712.553
	=	-4.16 %

Beijing Oriental Jicheng 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 )
	=	-168.616	/	( ( (4825.722 - 1334.498)	+	(4773.429 - 1322.538) )	/ 2 )
	=	-168.616	/	( ( 3491.224	+	3450.891 )	/ 2 )
	=	-168.616	/	3471.0575
	=	-4.86 %

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

Beijing Oriental Jicheng Co (SZSE:002819) 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.

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Beijing Oriental Jicheng Co (SZSE:002819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Oriental Jicheng Co Ltd (SZSE:002819) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 67, Fucheng Road, Yindu Building, Haidian District, Beijing, CHN, 100034

Website

http://www.jicheng.net.cn

Beijing Oriental Jicheng Co Ltd operates as an integrated service provider in the field of electronic test and measurement in China. Its products include power supply, digital multimeter, signal generator, electronic load, data collector and switch, wireless device tester, semiconductor and solar cell testing equipment, calibrator, and analyzer instruments.

Executives

Wu Xu	Executives
Zheng Da Wei	Directors, executives
Chen Yi Gang	Executives
Wang Ge	Director
Xiao Jia Zhong	Supervisors
Yan Li	Directors, executives
Chang Hong	Directors, executives

Beijing Oriental Jicheng Co (SZSE:002819) Headlines

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