Jimu Group (HKSE:08187) ROCE % : -33.52% (As of Dec. 2023)

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What is Jimu Group 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. Jimu Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.52%.

Jimu Group ROCE % Historical Data

The historical data trend for Jimu Group'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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Jimu Group ROCE % Chart

Jimu Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-94.30

-61.05

-272.58

-72.54

-25.84

Jimu Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-21.18	-41.27	-25.86	-7.49	-33.52

Jimu Group ROCE % Calculation

Jimu Group'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 )
	=	-4.045	/	( ( (29.574 - 15.541)	+	(30.731 - 13.45) )	/ 2 )
	=	-4.045	/	( (14.033	+	17.281)	/ 2 )
	=	-4.045	/	15.657
	=	-25.84 %

Jimu Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5.792	/	( ( (0 - 0)	+	(30.731 - 13.45) )	/ 1 )
	=	-5.792	/	( ( 0	+	17.281 )	/ 1 )
	=	-5.792	/	17.281
	=	-33.52 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Jimu Group (HKSE:08187) 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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Jimu Group (HKSE:08187) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jimu Group Ltd (HKSE:08187) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 54-62 Lockhart Road, Unit 06, 12th Floor, The Broadway, Hong Kong, HKG

Website

https://www.jimugroup8187.com

Jimu Group Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the footwear business and the provision of loan facilitation services. The company operates in two segments footwear and apparel businesses which include trading of footwear and apparel, and loan facilitation and credit assessment services which include the provision of pre-loan facilitation services, post-loan facilitation services, and credit assessment services. The company generates the majority of its revenue from footwear and apparel businesses. Geographically, the group has a business presence all over the world.

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