Jingjin Equipment (SHSE:603279) ROCE % : 27.33% (As of Mar. 2024)

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What is Jingjin Equipment 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. Jingjin Equipment's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.33%.

Jingjin Equipment ROCE % Historical Data

The historical data trend for Jingjin Equipment'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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Jingjin Equipment ROCE % Chart

Jingjin Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.71

22.85

24.88

28.11

29.67

Jingjin Equipment 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															27.07	33.89	33.06	27.40	27.33

Jingjin Equipment ROCE % Calculation

Jingjin Equipment'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 )
	=	1302.076	/	( ( (7976.614 - 3868.491)	+	(8628.788 - 3960.735) )	/ 2 )
	=	1302.076	/	( (4108.123	+	4668.053)	/ 2 )
	=	1302.076	/	4388.088
	=	29.67 %

Jingjin Equipment'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 )
	=	1223.952	/	( ( (8628.788 - 3960.735)	+	(8243.514 - 3956.352) )	/ 2 )
	=	1223.952	/	( ( 4668.053	+	4287.162 )	/ 2 )
	=	1223.952	/	4477.6075
	=	27.33 %

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

Jingjin Equipment (SHSE:603279) 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.

Jingjin Equipment ROCE % Related Terms

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Jingjin Equipment (SHSE:603279) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jingjin Equipment Inc (SHSE:603279) » Definitions » ROCE %

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Address

North Head of Jinghua Road, Dezhou economic development zone, Shandong Province, Dezhou, CHN, 253034

Website

http://www.jjylj.com

Jingjin Equipment Inc is an environmental protection service provider of filter outfit production, filter technology overall plan solution and environment protection project contraction and operation. The comapny is engaged in the development of energy conservation and environment protection career, providing consumers by cost-effective products and professional quality service. Its products include pressure filter, vibrating centrifuge, blender, conveyor, automatic reagent feeder, double drive thickener, mud scraper, and cake breaker.

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