Jayud Global Logistics (Jayud Global Logistics) ROCE % : -754.20% (As of Dec. 2023)

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What is Jayud Global Logistics 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. Jayud Global Logistics's annualized ROCE % for the quarter that ended in Dec. 2023 was -754.20%.

Jayud Global Logistics ROCE % Historical Data

The historical data trend for Jayud Global Logistics'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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Jayud Global Logistics ROCE % Chart

Jayud Global Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

55.51

81.71

13.26

-404.54

Jayud Global Logistics Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			78.88	72.03	-36.81	-115.79	-754.20

Jayud Global Logistics ROCE % Calculation

Jayud Global Logistics'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 )
	=	-11.497	/	( ( (17.99 - 11.023)	+	(14.068 - 15.351) )	/ 2 )
	=	-11.497	/	( (6.967	+	-1.283)	/ 2 )
	=	-11.497	/	2.842
	=	-404.54 %

Jayud Global Logistics'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 )
	=	-15.774	/	( ( (17.049 - 11.583)	+	(14.068 - 15.351) )	/ 2 )
	=	-15.774	/	( ( 5.466	+	-1.283 )	/ 2 )
	=	-15.774	/	2.0915
	=	-754.20 %

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

Jayud Global Logistics (NAS:JYD) 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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Jayud Global Logistics (Jayud Global Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jayud Global Logistics Ltd (NAS:JYD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenyan Road, 4th Floor, Building 4, Shatoujiao Free Trade Zone, Yantian District, Shenzhen, CHN

Website

https://www.jayud.com

Jayud Global Logistics Ltd is a end-to-end supply chain solution providers in China, with a focus on providing cross-border logistics services. It offers freight forwarding services, (ii) supply chain management, and (iii) other value-added services.