Jiuzi Holdings (Jiuzi Holdings) ROCE % : -222.40% (As of Apr. 2023)

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What is Jiuzi 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. Jiuzi Holdings's annualized ROCE % for the quarter that ended in Apr. 2023 was -222.40%.

Jiuzi Holdings ROCE % Historical Data

The historical data trend for Jiuzi 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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Jiuzi Holdings ROCE % Chart

Jiuzi Holdings Annual Data

Trend

Oct18

Oct19

Oct20

Apr21

Oct22

ROCE %

50.96

124.74

68.40

20.00

-183.61

Jiuzi Holdings Semi-Annual Data
	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
ROCE %	Get a 7-Day Free Trial					-57.85	-	-44.46	-174.31	-222.40

Jiuzi Holdings ROCE % Calculation

Jiuzi Holdings's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Apr. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Apr. 2021 )		(A: Oct. 2022 )
	=	-15.495	/	( ( (14.516 - 4.629)	+	(15.326 - 8.335) )	/ 2 )
	=	-15.495	/	( (9.887	+	6.991)	/ 2 )
	=	-15.495	/	8.439
	=	-183.61 %

Jiuzi Holdings's ROCE % of for the quarter that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	-12.618	/	( ( (15.326 - 8.335)	+	(10.41 - 6.054) )	/ 2 )
	=	-12.618	/	( ( 6.991	+	4.356 )	/ 2 )
	=	-12.618	/	5.6735
	=	-222.40 %

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

Jiuzi Holdings (NAS:JZXN) 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.

Jiuzi Holdings ROCE % Related Terms

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Jiuzi Holdings (Jiuzi Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiuzi Holdings Inc (NAS:JZXN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168 Qianjiang Nongchang Gengwen Road, 15th Floor, Economic and Technological Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 310000

Website

http://m.zjjzxny.cn

Jiuzi Holdings Inc operates as a franchise under the brand name Jiuzi. It sells new energy vehicles in third-fourth tier cities in China. The firm also sells plug-in electric vehicles on-demand from vehicle buyers. Its business segments are sales of NEVs and Franchisees service. The company generates a majority of its revenue from NEVs segment. Geographically, the firm operates in China.