JinkoSolar Holding Co (JinkoSolar Holding Co) ROCE % : 12.17% (As of Mar. 2024)

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What is JinkoSolar Holding 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. JinkoSolar Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.17%.

JinkoSolar Holding Co ROCE % Historical Data

The historical data trend for JinkoSolar Holding 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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JinkoSolar Holding Co ROCE % Chart

JinkoSolar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.72

6.63

7.88

8.28

17.40

JinkoSolar Holding 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															14.00	22.86	21.61	9.52	12.17

JinkoSolar Holding Co ROCE % Calculation

JinkoSolar Holding 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 )
	=	1213.033	/	( ( (15586.182 - 9314.254)	+	(19023.532 - 11352.714) )	/ 2 )
	=	1213.033	/	( (6271.928	+	7670.818)	/ 2 )
	=	1213.033	/	6971.373
	=	17.40 %

JinkoSolar Holding 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 )
	=	947.408	/	( ( (19023.532 - 11352.714)	+	(19035.121 - 11130.368) )	/ 2 )
	=	947.408	/	( ( 7670.818	+	7904.753 )	/ 2 )
	=	947.408	/	7787.7855
	=	12.17 %

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

JinkoSolar Holding Co (NYSE:JKS) 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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JinkoSolar Holding Co (JinkoSolar Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JinkoSolar Holding Co Ltd (NYSE:JKS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JKS:Mexico 0JOX:UK ZJS1:Germany ZJS1:Germany ZJS1:Germany JKS:Austria

Address

1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100

Website

https://www.jinkosolar.com/en

JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's product includes Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.