Jiangsu Dingsheng New Material JSC (SHSE:603876) ROCE % : 4.25% (As of Mar. 2024)

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What is Jiangsu Dingsheng New Material JSC 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 Dingsheng New Material JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.25%.

Jiangsu Dingsheng New Material JSC ROCE % Historical Data

The historical data trend for Jiangsu Dingsheng New Material JSC'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 Dingsheng New Material JSC ROCE % Chart

Jiangsu Dingsheng New Material JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.22

4.56

11.60

24.51

10.12

Jiangsu Dingsheng New Material JSC 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															10.88	12.65	7.90	7.91	4.25

Jiangsu Dingsheng New Material JSC ROCE % Calculation

Jiangsu Dingsheng New Material JSC'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 )
	=	870.559	/	( ( (21954.061 - 13395.573)	+	(20239.346 - 11585.431) )	/ 2 )
	=	870.559	/	( (8558.488	+	8653.915)	/ 2 )
	=	870.559	/	8606.2015
	=	10.12 %

Jiangsu Dingsheng New Material JSC'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 )
	=	391.932	/	( ( (20239.346 - 11585.431)	+	(23554.762 - 13765.914) )	/ 2 )
	=	391.932	/	( ( 8653.915	+	9788.848 )	/ 2 )
	=	391.932	/	9221.3815
	=	4.25 %

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

Jiangsu Dingsheng New Material JSC (SHSE:603876) 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.

Jiangsu Dingsheng New Material JSC ROCE % Related Terms

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Jiangsu Dingsheng New Material JSC (SHSE:603876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Dingsheng New Material JSC Ltd (SHSE:603876) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jingkou Industrial Park, Highway 338 / Beijing Hangzhou the Grande Canale West, Jiangsu Province, Zhenjiang, CHN, 212141

Website

http://www.dingshengxincai.com

Jiangsu Dingsheng New Material JSC Ltd is engaged in the manufacturing of aluminum and Aluminum Alloy plate, belt, foil and its deep processing products of provincial high-tech enterprise. Its products include strip, foil and coating material, deep processed products such as aluminum oxide board, cable foil, air conditioner foil, decorative building material aluminum foil, air conditioner refrigerator evaporator, and condenser.

Executives

Zong Yong Jin	Director
Bian Hui Juan	Directors, senior managers
Chen Wei Xin	Directors, senior managers
Dong Qing Liang	Supervisors
Ding Gui Bao	Director

Jiangsu Dingsheng New Material JSC (SHSE:603876) Headlines

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