J&T Global Express (FRA:J92) ROCE % : -19.78% (As of Dec. 2023)

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What is J&T Global Express 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. J&T Global Express's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.78%.

J&T Global Express ROCE % Historical Data

The historical data trend for J&T Global Express'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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J&T Global Express ROCE % Chart

J&T Global Express Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-55.18

-224.76

40.69

-23.38

J&T Global Express Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	69.67	12.79	-28.59	-19.78

J&T Global Express ROCE % Calculation

J&T Global Express'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 )
	=	-948.276	/	( ( (5603.168 - 1634.646)	+	(6053.497 - 1911.738) )	/ 2 )
	=	-948.276	/	( (3968.522	+	4141.759)	/ 2 )
	=	-948.276	/	4055.1405
	=	-23.38 %

J&T Global Express'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 )
	=	-788.472	/	( ( (5605.175 - 1772.683)	+	(6053.497 - 1911.738) )	/ 2 )
	=	-788.472	/	( ( 3832.492	+	4141.759 )	/ 2 )
	=	-788.472	/	3987.1255
	=	-19.78 %

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

J&T Global Express (FRA:J92) 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.

J&T Global Express ROCE % Related Terms

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J&T Global Express (FRA:J92) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » J&T Global Express Ltd (FRA:J92) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

01519:Hong Kong

Address

1777 Hualong Road, Room 1001, Block A, Tower 5, Huaxinzhen, Qingpu, Shanghai, CHN

Website

https://www.jtexpress.com

J&T Global Express Ltd is a global logistics service provider with the leading express delivery business in Southeast Asia. Its express delivery services span 13 countries, which include the largest and fastest-growing express delivery emerging markets globally. It provides express delivery services to leading e-commerce platforms, enabling the rapid development of its partners as they expand into new markets.

J&T Global Express (FRA:J92) Headlines

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