Jinhua Chunguang Technology Co (SHSE:603657) ROCE % : -0.32% (As of Mar. 2024)

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What is Jinhua Chunguang Technology 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. Jinhua Chunguang Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.32%.

Jinhua Chunguang Technology Co ROCE % Historical Data

The historical data trend for Jinhua Chunguang Technology 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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Jinhua Chunguang Technology Co ROCE % Chart

Jinhua Chunguang Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.54

17.93

13.18

11.67

4.27

Jinhua Chunguang Technology 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															8.64	7.74	3.67	-4.70	-0.32

Jinhua Chunguang Technology Co ROCE % Calculation

Jinhua Chunguang Technology 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 )
	=	45.232	/	( ( (2176.483 - 1039.324)	+	(1957.798 - 976.663) )	/ 2 )
	=	45.232	/	( (1137.159	+	981.135)	/ 2 )
	=	45.232	/	1059.147
	=	4.27 %

Jinhua Chunguang Technology 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 )
	=	-3.08	/	( ( (1957.798 - 976.663)	+	(1954.727 - 989.855) )	/ 2 )
	=	-3.08	/	( ( 981.135	+	964.872 )	/ 2 )
	=	-3.08	/	973.0035
	=	-0.32 %

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

Jinhua Chunguang Technology Co (SHSE:603657) 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.

Jinhua Chunguang Technology Co ROCE % Related Terms

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Jinhua Chunguang Technology Co (SHSE:603657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jinhua Chunguang Technology Co Ltd (SHSE:603657) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 420, Anwen Road, Zhejiang Province, Jinhua, CHN, 321000

Website

http://www.chinacgh.com

Jinhua Chunguang Technology Co Ltd is a research and development, and manufacturing company of hose assembly for cleaning appliances. The products of the company include central vacuum cleaner hose series, steel wire, extrusion hose, blow mould hose, wet vacuum hose, and vacuum cleaner accessories for home.

Executives

Lv Jing	Directors, senior managers
Wu Jian Kai	senior management
Fu Wei Cai	senior management
Wang Sheng Yong	Directors, senior managers
Zhang Chun Xia	Director
Chen Kai	Director
Chen Zheng Ming	Director

Jinhua Chunguang Technology Co (SHSE:603657) Headlines

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