Jiangsu Jiejie Microelectronics Co (SZSE:300623) ROCE % : 7.57% (As of Mar. 2024)

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What is Jiangsu Jiejie Microelectronics 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 Jiejie Microelectronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.57%.

Jiangsu Jiejie Microelectronics Co ROCE % Historical Data

The historical data trend for Jiangsu Jiejie Microelectronics 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 Jiejie Microelectronics Co ROCE % Chart

Jiangsu Jiejie Microelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.27

13.51

14.96

6.73

3.76

Jiangsu Jiejie Microelectronics 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															2.54	3.19	3.91	4.99	7.57

Jiangsu Jiejie Microelectronics Co ROCE % Calculation

Jiangsu Jiejie Microelectronics 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 )
	=	239.021	/	( ( (7624.824 - 1216.14)	+	(7721.873 - 1421.622) )	/ 2 )
	=	239.021	/	( (6408.684	+	6300.251)	/ 2 )
	=	239.021	/	6354.4675
	=	3.76 %

Jiangsu Jiejie Microelectronics 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 )
	=	479.876	/	( ( (7721.873 - 1421.622)	+	(7704.425 - 1330.383) )	/ 2 )
	=	479.876	/	( ( 6300.251	+	6374.042 )	/ 2 )
	=	479.876	/	6337.1465
	=	7.57 %

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

Jiangsu Jiejie Microelectronics Co (SZSE:300623) 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 Jiejie Microelectronics Co (SZSE:300623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jiangsu Jiejie Microelectronics Co Ltd (SZSE:300623) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.8, Xinglong Road, Science and Technology Pioneer Park, Jiangsu Province, Qidong, CHN, 226200

Website

http://www.jjwdz.com

Jiangsu Jiejie Microelectronics Co Ltd manufactures semiconductor discrete devices and power electronic components in China. Some of its key products include bidirectional thyristor, unidirectional thyristor, low junction capacitor discharge tube, TVS and other protection devices, high voltage rectification Diodes and power-type switching transistors. The entity sells its products in China, and also exports it to various other countries.

Executives

Huang Shan Bing	Director
Zhang Zu Lei	Director
Shen Xin Xin	Directors, executives
Sun Jia Xun	Executives
Wang Cheng Sen	Directors, executives
Zhang Chao	Executives
Li Zhong Lin	Director
Xue Zhi Xiang	Supervisors
Yan Cheng Xiang	Executives
Qian Qing You	Supervisors

Jiangsu Jiejie Microelectronics Co (SZSE:300623) Headlines

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