Jolywood (Suzhou) Sunwatt Co (SZSE:300393) ROCE % : -6.84% (As of Mar. 2024)

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What is Jolywood (Suzhou) Sunwatt 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. Jolywood (Suzhou) Sunwatt Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.84%.

Jolywood (Suzhou) Sunwatt Co ROCE % Historical Data

The historical data trend for Jolywood (Suzhou) Sunwatt 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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Jolywood (Suzhou) Sunwatt Co ROCE % Chart

Jolywood (Suzhou) Sunwatt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.02

6.23

-5.45

14.40

13.51

Jolywood (Suzhou) Sunwatt 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															14.28	12.91	20.93	3.73	-6.84

Jolywood (Suzhou) Sunwatt Co ROCE % Calculation

Jolywood (Suzhou) Sunwatt 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 )
	=	1020.421	/	( ( (17003.276 - 10539.646)	+	(17099.515 - 8453.617) )	/ 2 )
	=	1020.421	/	( (6463.63	+	8645.898)	/ 2 )
	=	1020.421	/	7554.764
	=	13.51 %

Jolywood (Suzhou) Sunwatt 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 )
	=	-601.204	/	( ( (17099.515 - 8453.617)	+	(16804.68 - 7876.947) )	/ 2 )
	=	-601.204	/	( ( 8645.898	+	8927.733 )	/ 2 )
	=	-601.204	/	8786.8155
	=	-6.84 %

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

Jolywood (Suzhou) Sunwatt Co (SZSE:300393) 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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Jolywood (Suzhou) Sunwatt Co (SZSE:300393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jolywood (Suzhou) Sunwatt Co Ltd (SZSE:300393) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.32,Qingnian Road, Changkun Industrial Zone, Shajiabang Town, Changshu, CHN, 215542

Website

http://www.jolywood.cn

Jolywood (Suzhou) Sunwatt Co Ltd is a manufacturer and provider of integrated PV products. Its products are powered by technology, driven by talents, and focused on solar energy. The company covers PV material, high-efficiency cell, and PV application. Its PV application business is focused on investment, installation, and intelligent operation of high efficiency distributed PV system.

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