Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) ROCE % : 5.79% (As of Mar. 2024)

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What is Changjiang & Jinggong Steel Building (Group) 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. Changjiang & Jinggong Steel Building (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.79%.

Changjiang & Jinggong Steel Building (Group) Co ROCE % Historical Data

The historical data trend for Changjiang & Jinggong Steel Building (Group) 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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Changjiang & Jinggong Steel Building (Group) Co ROCE % Chart

Changjiang & Jinggong Steel Building (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.49

13.36

11.83

10.04

7.32

Changjiang & Jinggong Steel Building (Group) Co 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															8.79	10.45	8.32	1.99	5.79

Changjiang & Jinggong Steel Building (Group) Co ROCE % Calculation

Changjiang & Jinggong Steel Building (Group) 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 )
	=	793.222	/	( ( (22102.779 - 11279.106)	+	(23327.231 - 12471.712) )	/ 2 )
	=	793.222	/	( (10823.673	+	10855.519)	/ 2 )
	=	793.222	/	10839.596
	=	7.32 %

Changjiang & Jinggong Steel Building (Group) Co'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 )
	=	631.18	/	( ( (23327.231 - 12471.712)	+	(22960.891 - 12001.665) )	/ 2 )
	=	631.18	/	( ( 10855.519	+	10959.226 )	/ 2 )
	=	631.18	/	10907.3725
	=	5.79 %

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

Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) 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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Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changjiang & Jinggong Steel Building (Group) Co Ltd (SHSE:600496) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang Jiang Jing Gong Industrial Park, Economic and Technological Development Zone, Anhui, Liu'an, CHN, 237161

Website

http://www.600496.com

Changjiang & Jinggong Steel Building (Group) Co Ltd is a China-based company engaged in the design, production, construction, and engineering services of steel construction and enclosure system. Its main products include light steel structures, space large span steel structures, high-rise steel structures, envelope systems and fasteners, as well as curtain wall systems. The company mainly operates its businesses in the domestic and overseas markets.

Executives

Fang Chao Yang	Director
Zhang Xiao Ying	senior management
Shen Yue Hua	senior management
Qiu Jian Hua	senior management
Chen Shui Fu	senior management
Chen Guo Dong	senior management
Sun Guan Fu	Director
Yan Hong	Director
Qian Wei Jun	Director
Lou Bao Liang	senior management

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