Beijing Jingkelong Co (HKSE:00814) ROCE % : 6.06% (As of Dec. 2023)

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What is Beijing Jingkelong 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 Jingkelong Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.06%.

Beijing Jingkelong Co ROCE % Historical Data

The historical data trend for Beijing Jingkelong 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 Jingkelong Co ROCE % Chart

Beijing Jingkelong Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.89

9.63

5.55

3.22

4.90

Beijing Jingkelong Co 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															2.36	5.72	0.71	3.83	6.06

Beijing Jingkelong Co ROCE % Calculation

Beijing Jingkelong 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 )
	=	134.385	/	( ( (8368.595 - 5409.157)	+	(7800.88 - 5278.595) )	/ 2 )
	=	134.385	/	( (2959.438	+	2522.285)	/ 2 )
	=	134.385	/	2740.8615
	=	4.90 %

Beijing Jingkelong Co'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 )
	=	159.506	/	( ( (8168.64 - 5425.076)	+	(7800.88 - 5278.595) )	/ 2 )
	=	159.506	/	( ( 2743.564	+	2522.285 )	/ 2 )
	=	159.506	/	2632.9245
	=	6.06 %

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

Beijing Jingkelong Co (HKSE:00814) 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 Jingkelong Co (HKSE:00814) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Beijing Jingkelong Co Ltd (HKSE:00814) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

G2M:Germany

Address

XinYuan Street, Block No. 45, Chaoyang District, Beijing, CHN

Website

https://www.jkl.com.cn

Beijing Jingkelong Co Ltd is engaged in the retail and wholesale distribution of daily consumer products in the region covering Beijing City and certain parts of its periphery. The company operates in three business segments including Retailing segment which mainly engages in the distribution of food, untagged food, daily necessities, drinks and cigarettes, hardware, and household appliances; Wholesaling segment is engaged in the wholesale supply of daily consumer products, including food, untagged food, beverages, drinks, cigarettes, and daily necessities and Other segment comprises, selling plastic packing products, hotel services, and school training services. It derives the majority of its revenue from the Wholesaling segment.

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