Jadard Technology (SHSE:688252) ROCE % : 5.22% (As of Mar. 2024)

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What is Jadard Technology 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. Jadard Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.22%.

Jadard Technology ROCE % Historical Data

The historical data trend for Jadard Technology'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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Jadard Technology ROCE % Chart

Jadard Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.87

22.08

54.00

9.85

6.17

Jadard Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											1.48	8.67	-0.59	14.94	5.22

Jadard Technology ROCE % Calculation

Jadard Technology'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 )
	=	116.352	/	( ( (2062.746 - 247.036)	+	(2241.339 - 285.088) )	/ 2 )
	=	116.352	/	( (1815.71	+	1956.251)	/ 2 )
	=	116.352	/	1885.9805
	=	6.17 %

Jadard Technology'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 )
	=	101.944	/	( ( (2241.339 - 285.088)	+	(2231.048 - 283.532) )	/ 2 )
	=	101.944	/	( ( 1956.251	+	1947.516 )	/ 2 )
	=	101.944	/	1951.8835
	=	5.22 %

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

Jadard Technology (SHSE:688252) 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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Jadard Technology (SHSE:688252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jadard Technology Inc (SHSE:688252) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 002, Gaoxin South 1st Road, Yuehai Street, Room 901, 9th Floor, Fiyta Technology Building, Nanshan District, Gaoxin District Community, Guangdong Province, Shenzhen, CHN, 518052

Website

http://www.tdytech.com

Jadard Technology Inc is engaged in the research and development, design and sales of integrated single-chip in the field of mobile intelligent terminals.

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