Jinan High-tech Development Co (SHSE:600807) ROCE % : -8.58% (As of Mar. 2024)

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What is Jinan High-tech Development 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. Jinan High-tech Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.58%.

Jinan High-tech Development Co ROCE % Historical Data

The historical data trend for Jinan High-tech Development 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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Jinan High-tech Development Co ROCE % Chart

Jinan High-tech Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.88

-40.28

6.56

21.78

-4.84

Jinan High-tech Development 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															8.51	-9.97	-4.63	-13.07	-8.58

Jinan High-tech Development Co ROCE % Calculation

Jinan High-tech Development 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 )
	=	-49.394	/	( ( (3999.993 - 2730.179)	+	(2236.448 - 1466.973) )	/ 2 )
	=	-49.394	/	( (1269.814	+	769.475)	/ 2 )
	=	-49.394	/	1019.6445
	=	-4.84 %

Jinan High-tech Development 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 )
	=	-64.708	/	( ( (2236.448 - 1466.973)	+	(2152.006 - 1412.771) )	/ 2 )
	=	-64.708	/	( ( 769.475	+	739.235 )	/ 2 )
	=	-64.708	/	754.355
	=	-8.58 %

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

Jinan High-tech Development Co (SHSE:600807) 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.

Jinan High-tech Development Co ROCE % Related Terms

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Jinan High-tech Development Co (SHSE:600807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinan High-tech Development Co Ltd (SHSE:600807) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Xinyu South Road, International Exhibition Center, 3rd Floor, High and New Technology Industrial Development Zon, Shandong, Jinan, CHN, 250101

Website

http://www.tyanhome.com.cn

Jinan High-tech Development Co Ltd, formerly Shandong Tyan Home Co Ltd is engaged in the real estate development, mining, finance, and venture capital businesses. The company is also involved in the development of residential, commercial, tourism, and education real estate properties.

Executives

Ji Guang Hui	senior management
Niu Bao Dong	senior management
Jiang Tao	Director
Lu Jun	senior management
Wang Xiao Dong	senior management
Yi Mao Qiang	senior management
Cheng Da Yun	senior management
Wen Yun Bo	senior management
Ceng Kao Xue	senior management
Yue Cai Peng	Director
Wang Yong Wen	Director
Sun Shao Qun	Supervisors

Jinan High-tech Development Co (SHSE:600807) Headlines

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