Jiangsu Beiren Robot System Co (SHSE:688218) ROCE % : 4.03% (As of Mar. 2024)

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What is Jiangsu Beiren Robot System 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 Beiren Robot System Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.03%.

Jiangsu Beiren Robot System Co ROCE % Historical Data

The historical data trend for Jiangsu Beiren Robot System 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 Beiren Robot System Co ROCE % Chart

Jiangsu Beiren Robot System Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.59

3.92

3.02

4.48

10.23

Jiangsu Beiren Robot System 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															0.86	15.53	3.79	20.82	4.03

Jiangsu Beiren Robot System Co ROCE % Calculation

Jiangsu Beiren Robot System 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 )
	=	97.743	/	( ( (1667.177 - 778.527)	+	(1869.215 - 847.254) )	/ 2 )
	=	97.743	/	( (888.65	+	1021.961)	/ 2 )
	=	97.743	/	955.3055
	=	10.23 %

Jiangsu Beiren Robot System 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 )
	=	42.924	/	( ( (1869.215 - 847.254)	+	(1894.625 - 784.339) )	/ 2 )
	=	42.924	/	( ( 1021.961	+	1110.286 )	/ 2 )
	=	42.924	/	1066.1235
	=	4.03 %

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

Jiangsu Beiren Robot System Co (SHSE:688218) 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 Beiren Robot System Co (SHSE:688218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Beiren Robot System Co Ltd (SHSE:688218) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Qingqiu Lane, Suzhou Industrial Park, Jiangsu Province, Shanghai, CHN

Website

https://www.br-robot.com

Jiangsu Beiren Robot System Co Ltd is a provider of industrial robot automation and intelligent system integration overall solution, that involves the development, design, production, assembly and sales of flexible automation and intelligent workstations and production lines. Its solutions include spot welding, arc welding, stud welding, riveting, handing, stamping, glueing, laser welding and cutting, and vision technology.

Executives

Li Ding Kun	Core technical personnel
Zhu Zhen You	Directors, senior managers, core technical personn
Lin Tao	Directors, senior managers, core technical personn
Tang Xue Yuan	senior management
Ma Hong Bo	Core technical personnel

Jiangsu Beiren Robot System Co (SHSE:688218) Headlines

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