Jiujiang Defu Technology Co (SZSE:301511) ROCE % : -5.85% (As of Mar. 2024)

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What is Jiujiang Defu 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. Jiujiang Defu Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.85%.

Jiujiang Defu Technology Co ROCE % Historical Data

The historical data trend for Jiujiang Defu 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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Jiujiang Defu Technology Co ROCE % Chart

Jiujiang Defu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.13

4.38

31.52

21.93

5.70

Jiujiang Defu Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									7.86	3.00	4.92	7.79	-5.85

Jiujiang Defu Technology Co ROCE % Calculation

Jiujiang Defu 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 )
	=	313.638	/	( ( (9880.218 - 5399.091)	+	(14073.702 - 7555.289) )	/ 2 )
	=	313.638	/	( (4481.127	+	6518.413)	/ 2 )
	=	313.638	/	5499.77
	=	5.70 %

Jiujiang Defu 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 )
	=	-374.96	/	( ( (14073.702 - 7555.289)	+	(14477.564 - 8171.473) )	/ 2 )
	=	-374.96	/	( ( 6518.413	+	6306.091 )	/ 2 )
	=	-374.96	/	6412.252
	=	-5.85 %

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

Jiujiang Defu Technology Co (SZSE:301511) 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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Jiujiang Defu Technology Co (SZSE:301511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiujiang Defu Technology Co Ltd (SZSE:301511) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 15, Shunyi Road, Automobile Industrial Park, Development Zone, Jiangxi Province, Jiujiang, CHN, 332005

Website

http://www.jjdefu.com

Jiujiang Defu Technology Co Ltd is engaged in the research and development, production and sales of various high-performance electrolytic copper foils. The products mainly include various high-performance lithium battery copper foils and electronic circuit copper foils.

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