Shandong Newjf Technology Packaging Co (SZSE:301296) ROCE % : 11.99% (As of Mar. 2024)

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What is Shandong Newjf Technology Packaging 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. Shandong Newjf Technology Packaging Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.99%.

Shandong Newjf Technology Packaging Co ROCE % Historical Data

The historical data trend for Shandong Newjf Technology Packaging 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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Shandong Newjf Technology Packaging Co ROCE % Chart

Shandong Newjf Technology Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.10

23.15

18.76

12.57

10.38

Shandong Newjf Technology Packaging Co Quarterly Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.91	7.96	7.68	14.78	11.99

Shandong Newjf Technology Packaging Co ROCE % Calculation

Shandong Newjf Technology Packaging 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 )
	=	245.099	/	( ( (2874.612 - 444.994)	+	(3132.846 - 841.099) )	/ 2 )
	=	245.099	/	( (2429.618	+	2291.747)	/ 2 )
	=	245.099	/	2360.6825
	=	10.38 %

Shandong Newjf Technology Packaging 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 )
	=	284.572	/	( ( (3132.846 - 841.099)	+	(3271.155 - 815.527) )	/ 2 )
	=	284.572	/	( ( 2291.747	+	2455.628 )	/ 2 )
	=	284.572	/	2373.6875
	=	11.99 %

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

Shandong Newjf Technology Packaging Co (SZSE:301296) 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.

Shandong Newjf Technology Packaging Co ROCE % Related Terms

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Shandong Newjf Technology Packaging Co (SZSE:301296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shandong Newjf Technology Packaging Co Ltd (SZSE:301296) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Development Zone, Xiaoxie Town, Shandong Province, Xintai, CHN, 271221

Website

http://www.xinjufengpack.com

Shandong Xinjufeng Technology Packaging Co Ltd is engaged in the in the production of aseptic packaging materials for liquid food. Its business scope involves the research and development, production, sales of aseptic packaging materials and technical support for aseptic packaging equipment.

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