Shandong Jinjing Science & Technology Stock Co (SHSE:600586) ROCE % : 13.62% (As of Mar. 2024)

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What is Shandong Jinjing Science & Technology Stock 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. Shandong Jinjing Science & Technology Stock Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.62%.

Shandong Jinjing Science & Technology Stock Co ROCE % Historical Data

The historical data trend for Shandong Jinjing Science & Technology Stock 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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Shandong Jinjing Science & Technology Stock Co ROCE % Chart

Shandong Jinjing Science & Technology Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.91

12.71

32.97

9.03

10.20

Shandong Jinjing Science & Technology Stock Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.54	15.01	13.48	3.64	13.62

Shandong Jinjing Science & Technology Stock Co ROCE % Calculation

Shandong Jinjing Science & Technology Stock 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 )
	=	648.267	/	( ( (11461.05 - 5681.086)	+	(11408.634 - 4481.75) )	/ 2 )
	=	648.267	/	( (5779.964	+	6926.884)	/ 2 )
	=	648.267	/	6353.424
	=	10.20 %

Shandong Jinjing Science & Technology Stock 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 )
	=	943.124	/	( ( (11408.634 - 4481.75)	+	(11581.819 - 4661.236) )	/ 2 )
	=	943.124	/	( ( 6926.884	+	6920.583 )	/ 2 )
	=	943.124	/	6923.7335
	=	13.62 %

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

Shandong Jinjing Science & Technology Stock Co (SHSE:600586) 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.

Shandong Jinjing Science & Technology Stock Co ROCE % Related Terms

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Shandong Jinjing Science & Technology Stock Co (SHSE:600586) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Jinjing Science & Technology Stock Co Ltd (SHSE:600586) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangzhuang, Baoshi Town, New and High-Technology Development Zone, Zibo, Shandong, CHN, 255086

Website

http://www.cnggg.cn

Shandong Jinjing Science & Technology Stock Co Ltd manufacturers of float glass in China. It provides clear float glass; low iron glass; tempered glass; solar glass; laminated glass; silver mirror; bronze glass; grey glass; ocean blue glass; reflective glass; patterned glass; automotive glass.

Executives

Ji Ya Lin

senior management

Shandong Jinjing Science & Technology Stock Co (SHSE:600586) Headlines

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