Jinhui Shipping and Transportation (OSL:JIN) ROCE % : -23.25% (As of Dec. 2023)

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What is Jinhui Shipping and Transportation 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. Jinhui Shipping and Transportation's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.25%.

Jinhui Shipping and Transportation ROCE % Historical Data

The historical data trend for Jinhui Shipping and Transportation'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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Jinhui Shipping and Transportation ROCE % Chart

Jinhui Shipping and Transportation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.84

-3.84

52.02

-0.80

-11.05

Jinhui Shipping and Transportation Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															1.04	-34.85	-9.89	-5.54	-23.25

Jinhui Shipping and Transportation ROCE % Calculation

Jinhui Shipping and Transportation'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 )
	=	-515.043	/	( ( (5318.576 - 528.101)	+	(5102.038 - 569.193) )	/ 2 )
	=	-515.043	/	( (4790.475	+	4532.845)	/ 2 )
	=	-515.043	/	4661.66
	=	-11.05 %

Jinhui Shipping and Transportation'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1084.184	/	( ( (5306.228 - 511.858)	+	(5102.038 - 569.193) )	/ 2 )
	=	-1084.184	/	( ( 4794.37	+	4532.845 )	/ 2 )
	=	-1084.184	/	4663.6075
	=	-23.25 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Jinhui Shipping and Transportation (OSL:JIN) 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.

Jinhui Shipping and Transportation ROCE % Related Terms

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Jinhui Shipping and Transportation (OSL:JIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinhui Shipping and Transportation Ltd (OSL:JIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JINO:Sweden

Address

1-6 Connaught Road West, 26th Floor, Yardley Commercial Building, Hong Kong, HKG

Website

http://www.jinhuiship.com/jst

Jinhui Shipping and Transportation Ltd is an investment holding company. It operates its business through its subsidiaries. It principal activities of the business are ship chartering and ship owning. Geographically, it operates in various countries like China, Singapore, Ireland, South Korea, and Thailand. The majority of the revenue comes from the Singapore.

Jinhui Shipping and Transportation (OSL:JIN) Headlines

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