JA Solar Technology Co (SZSE:002459) ROCE % : -4.00% (As of Mar. 2024)

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What is JA Solar 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. JA Solar Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.00%.

JA Solar Technology Co ROCE % Historical Data

The historical data trend for JA Solar 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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JA Solar Technology Co ROCE % Chart

JA Solar Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.40

14.24

13.39

21.62

17.30

JA Solar 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															32.77	25.31	18.95	-1.66	-4.00

JA Solar Technology Co ROCE % Calculation

JA Solar 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 )
	=	8106.838	/	( ( (72435.836 - 35054.267)	+	(106589.466 - 50266.082) )	/ 2 )
	=	8106.838	/	( (37381.569	+	56323.384)	/ 2 )
	=	8106.838	/	46852.4765
	=	17.30 %

JA Solar 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 )
	=	-2375.116	/	( ( (106589.466 - 50266.082)	+	(109737.051 - 47346.379) )	/ 2 )
	=	-2375.116	/	( ( 56323.384	+	62390.672 )	/ 2 )
	=	-2375.116	/	59357.028
	=	-4.00 %

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

JA Solar Technology Co (SZSE:002459) 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.

JA Solar Technology Co ROCE % Related Terms

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JA Solar Technology Co (SZSE:002459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JA Solar Technology Co Ltd (SZSE:002459) » Definitions » ROCE %

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Address

East Auto Museum Road, Building 8, Noble Center, Fengtai District, Beijing, CHN, 100160

Website

http://www.jasolar.com

JA Solar Technology Co Ltd is engaged in production and sales of silicon wafers, solar cells and solar cell modules, as well as the development, construction and operation of solar photovoltaic power stations. The company produces monocrystalline silicon rods and monocrystalline silicon wafers; solar cells and modules; research and development of solar products; sales of solar cells, modules and related products and raw materials; solar photovoltaic grid-connected power generation and sales of electricity.

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