Jinke Smart Services Group Co (HKSE:09666) ROCE % : -54.62% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Jinke Smart Services Group 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. Jinke Smart Services Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -54.62%.

Jinke Smart Services Group Co ROCE % Historical Data

The historical data trend for Jinke Smart Services Group 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.

* Premium members only.

Jinke Smart Services Group Co ROCE % Chart

Jinke Smart Services Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

31.62

19.08

17.66

-27.91

-22.22

Jinke Smart Services Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							17.42	10.63	-69.77	9.38	-54.62

Jinke Smart Services Group Co ROCE % Calculation

Jinke Smart Services Group 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 )
	=	-1214.551	/	( ( (9332.116 - 3086.599)	+	(8375.423 - 3689.101) )	/ 2 )
	=	-1214.551	/	( (6245.517	+	4686.322)	/ 2 )
	=	-1214.551	/	5465.9195
	=	-22.22 %

Jinke Smart Services Group Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3021.064	/	( ( (9415.266 - 3038.643)	+	(8375.423 - 3689.101) )	/ 2 )
	=	-3021.064	/	( ( 6376.623	+	4686.322 )	/ 2 )
	=	-3021.064	/	5531.4725
	=	-54.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Jinke Smart Services Group Co (HKSE:09666) 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.

Jinke Smart Services Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Jinke Smart Services Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jinke Smart Services Group Co (HKSE:09666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinke Smart Services Group Co Ltd (HKSE:09666) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 480, Panxi Road, Shimahe Street, Building A4, East Zone, Jinke Shiniancheng, Jiangbei District, Chongqing, CHN

Website

http://www.jinkeservice.com

Jinke Smart Services Group Co Ltd is a smart property management service provider in China. The firm is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and smart living technology solutions. It has focused on the three main regions in China that are Southwestern China, Eastern & Southern China, Central China, and other regions where it generates a majority of its revenue from the Southwestern China Region.

Jinke Smart Services Group Co (HKSE:09666) Headlines

No Headlines