Jia Yao Holdings (HKSE:01626) ROCE % : 53.43% (As of Dec. 2023)

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What is Jia Yao Holdings 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. Jia Yao Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 53.43%.

Jia Yao Holdings ROCE % Historical Data

The historical data trend for Jia Yao Holdings'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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Jia Yao Holdings ROCE % Chart

Jia Yao Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.15

-10.43

-10.45

6.61

34.64

Jia Yao Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-15.54	2.01	12.00	18.69	53.43

Jia Yao Holdings ROCE % Calculation

Jia Yao Holdings'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 )
	=	185.635	/	( ( (1197.999 - 740.772)	+	(1602.649 - 988.071) )	/ 2 )
	=	185.635	/	( (457.227	+	614.578)	/ 2 )
	=	185.635	/	535.9025
	=	34.64 %

Jia Yao Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	285.948	/	( ( (1114.16 - 658.414)	+	(1602.649 - 988.071) )	/ 2 )
	=	285.948	/	( ( 455.746	+	614.578 )	/ 2 )
	=	285.948	/	535.162
	=	53.43 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Jia Yao Holdings (HKSE:01626) 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.

Jia Yao Holdings ROCE % Related Terms

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Jia Yao Holdings (HKSE:01626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jia Yao Holdings Ltd (HKSE:01626) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 6 Qingdao Road, Dongshan Economic Developing District, Hubei Province, Yichang, CHN

Website

http://www.jiayaoholdings.com/en

Jia Yao Holdings Ltd is involved in the business of design, printing and sales of paper cigarette packages and social product paper packages. The segments of the group are Paper cigarette packages; Social product paper packages; Electronic cigarettes and Trading goods. It derives key revenue from the Paper cigarette packages segment which involves the design, printing and sale of paper cigarette packages. The company manufactures various types of paper cigarette packages for customers, which can be broadly divided into Hard and soft cigarette packets; Cigarette cartons; and Gift sets designed to pack and carry various sets of cigarette packets. Social product paper packages segment involves the design, printing and sale of packages for alcohol, medicines and food, among others.

Jia Yao Holdings (HKSE:01626) Headlines

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