JTF International Holdings (HKSE:09689) ROCE % : -17.57% (As of Jun. 2023)

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What is JTF International Holdings 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. JTF International Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -17.57%.

JTF International Holdings ROCE % Historical Data

The historical data trend for JTF International Holdings'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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JTF International Holdings ROCE % Chart

JTF International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.10

9.03

14.99

11.11

1.31

JTF International Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															21.29	20.04	12.67	-17.57	-

JTF International Holdings ROCE % Calculation

JTF International Holdings'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 )
	=	6.473	/	( ( (548.533 - 55.458)	+	(543.331 - 45.059) )	/ 2 )
	=	6.473	/	( (493.075	+	498.272)	/ 2 )
	=	6.473	/	495.6735
	=	1.31 %

JTF International Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-83.432	/	( ( (0 - 0)	+	(521.795 - 46.926) )	/ 1 )
	=	-83.432	/	( ( 0	+	474.869 )	/ 1 )
	=	-83.432	/	474.869
	=	-17.57 %

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

JTF International Holdings (HKSE:09689) 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.

JTF International Holdings ROCE % Related Terms

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JTF International Holdings (HKSE:09689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » JTF International Holdings Ltd (HKSE:09689) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 35, Yanjiang Road, Shazhuang Tujiang Village, Shitan Town, Zengcheng District, Guangdong Province, Guangzhou, CHN

Website

https://www.jtfoil.com

JTF International Holdings Ltd is an investment holding company. It is engaged in the blending and sale of fuel oil, refined oil, and other petrochemicals in China. Its products are primarily used as fuels in marine vessels, vehicles, & machinery equipment, for retail sale at gas stations, and as raw materials for oil refineries. It generates the majority of its revenue from the sale of refined oil.

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