Jiangsu Pacific Precision Forging Co (SZSE:300258) ROCE % : 5.86% (As of Mar. 2024)

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What is Jiangsu Pacific Precision Forging 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 Pacific Precision Forging Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.86%.

Jiangsu Pacific Precision Forging Co ROCE % Historical Data

The historical data trend for Jiangsu Pacific Precision Forging 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 Pacific Precision Forging Co ROCE % Chart

Jiangsu Pacific Precision Forging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.48

7.75

7.05

9.47

8.14

Jiangsu Pacific Precision Forging 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															6.23	9.82	7.67	5.90	5.86

Jiangsu Pacific Precision Forging Co ROCE % Calculation

Jiangsu Pacific Precision Forging 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 )
	=	345.618	/	( ( (5409.094 - 1905.814)	+	(6255.868 - 1263.066) )	/ 2 )
	=	345.618	/	( (3503.28	+	4992.802)	/ 2 )
	=	345.618	/	4248.041
	=	8.14 %

Jiangsu Pacific Precision Forging 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 )
	=	298.644	/	( ( (6255.868 - 1263.066)	+	(6441.854 - 1243.572) )	/ 2 )
	=	298.644	/	( ( 4992.802	+	5198.282 )	/ 2 )
	=	298.644	/	5095.542
	=	5.86 %

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

Jiangsu Pacific Precision Forging Co (SZSE:300258) 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.

Jiangsu Pacific Precision Forging Co ROCE % Related Terms

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Jiangsu Pacific Precision Forging Co (SZSE:300258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu Pacific Precision Forging Co Ltd (SZSE:300258) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.198 Shuangdeng Avenue, Jiangyan zone, Jiangsu Province, Taizhou, CHN, 225500

Website

http://www.ppforging.com

Jiangsu Pacific Precision Forging Co Ltd is a China based company engaged in the development, production and distribution of auto precision forging gears and other precision forgings. The product portfolio of the company includes bevel gear, monoblock, axis, and shaped pieces.

Executives

Yin Xiao Lin	Supervisors
Xia Han Guan	Directors, executives
Dong Yi	Directors, executives
Lin Ai Lan	Executives
Zhao Hong Jun	Executives
Zhou Wen Long	Director
Zhu Zheng Bin	Directors, executives
Qian Hou Gang	Supervisors
Wang Sheng Tang	Independent director

Jiangsu Pacific Precision Forging Co (SZSE:300258) Headlines

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