Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854) ROCE % : 0.40% (As of Mar. 2024)

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What is Jiangsu Chunlan Refrigerating Equipment 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. Jiangsu Chunlan Refrigerating Equipment Stock Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.40%.

Jiangsu Chunlan Refrigerating Equipment Stock Co ROCE % Historical Data

The historical data trend for Jiangsu Chunlan Refrigerating Equipment 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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Jiangsu Chunlan Refrigerating Equipment Stock Co ROCE % Chart

Jiangsu Chunlan Refrigerating Equipment Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.74

2.74

0.45

8.14

7.86

Jiangsu Chunlan Refrigerating Equipment 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															7.00	-1.08	-0.03	25.10	0.40

Jiangsu Chunlan Refrigerating Equipment Stock Co ROCE % Calculation

Jiangsu Chunlan Refrigerating Equipment 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 )
	=	171.044	/	( ( (2414.551 - 297.932)	+	(2395.415 - 158.188) )	/ 2 )
	=	171.044	/	( (2116.619	+	2237.227)	/ 2 )
	=	171.044	/	2176.923
	=	7.86 %

Jiangsu Chunlan Refrigerating Equipment 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 )
	=	8.964	/	( ( (2395.415 - 158.188)	+	(2427.581 - 159.944) )	/ 2 )
	=	8.964	/	( ( 2237.227	+	2267.637 )	/ 2 )
	=	8.964	/	2252.432
	=	0.40 %

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

Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854) 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.

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Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jiangsu Chunlan Refrigerating Equipment Stock Co Ltd (SHSE:600854) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Chunlan Road, Chunlan Industrial Park, 10th Floor, Jiangsu Province, Taizhou, CHN, 225300

Website

http://www.chunlan.com

Jiangsu Chunlan Refrigerating Equipment Stock Co Ltd is a China-based company. It is a diversified, high-tech and internationalized modern company in manufacturing, research, investment and trade areas. Its product profile includes Residential Air Conditioners, Commercial Air Conditioners, and Power Battery and BMS. Residential Air Conditioners are further divided into Africa Products, Australia Products, Mid-East Products, Asia Products, and others. Commercial Air Conditioners is divided into Light Commercial Products, Multi-connected DC Invertors Series, and Chiller Series.

Executives

Ma Shao Qian	Director
Liu Shun Yu	Supervisors
Xu Cheng Ye	Supervisors

Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854) Headlines

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