Jiangsu Asia-Pacific Light Alloy Technology Co (SZSE:002540) ROCE % : 8.46% (As of Mar. 2024)

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What is Jiangsu Asia-Pacific Light Alloy 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. Jiangsu Asia-Pacific Light Alloy Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.46%.

Jiangsu Asia-Pacific Light Alloy Technology Co ROCE % Historical Data

The historical data trend for Jiangsu Asia-Pacific Light Alloy 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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Jiangsu Asia-Pacific Light Alloy Technology Co ROCE % Chart

Jiangsu Asia-Pacific Light Alloy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.05

8.94

10.67

14.34

10.54

Jiangsu Asia-Pacific Light Alloy 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															7.78	8.40	11.67	11.74	8.46

Jiangsu Asia-Pacific Light Alloy Technology Co ROCE % Calculation

Jiangsu Asia-Pacific Light Alloy 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 )
	=	658.342	/	( ( (6382.846 - 780.989)	+	(7707.777 - 822.36) )	/ 2 )
	=	658.342	/	( (5601.857	+	6885.417)	/ 2 )
	=	658.342	/	6243.637
	=	10.54 %

Jiangsu Asia-Pacific Light Alloy 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 )
	=	587.32	/	( ( (7707.777 - 822.36)	+	(7790.123 - 787.213) )	/ 2 )
	=	587.32	/	( ( 6885.417	+	7002.91 )	/ 2 )
	=	587.32	/	6944.1635
	=	8.46 %

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

Jiangsu Asia-Pacific Light Alloy Technology Co (SZSE:002540) 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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Jiangsu Asia-Pacific Light Alloy Technology Co (SZSE:002540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Asia-Pacific Light Alloy Technology Co Ltd (SZSE:002540) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.8, Fangxing Road, Wuxi New District, Wuxi, CHN, 214111

Website

http://www.yatal.com

Jiangsu Asia-Pacific Light Alloy Technology Co Ltd manufactures and sells aluminum extrusion profiles and precision-drawn tubes for use in automotive, transportation, HVAC&R, industrial, seawater desalination, aerospace, solar, and other applications in China. The products provided by the company comprise of Precision tube, Micro-multiport extrusion tube, and Extrusion profile.

Executives

Zhou Fu Hai	Director
Pu Jian Ying	Directors, executives
Fan Ya Sheng	Executives
Wang Xin Wan	Executives
Chen Guo Qin	Supervisors
Zhang Jun Hua	Supervisors
Luo Gong Wu	Secretary, Director
Zhou Jing Yi	Securities Affairs Representative

Jiangsu Asia-Pacific Light Alloy Technology Co (SZSE:002540) Headlines

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