Jilin Chemical Fibre Co (SZSE:000420) ROCE % : 4.92% (As of Mar. 2024)

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What is Jilin Chemical Fibre 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. Jilin Chemical Fibre Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.92%.

Jilin Chemical Fibre Co ROCE % Historical Data

The historical data trend for Jilin Chemical Fibre 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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Jilin Chemical Fibre Co ROCE % Chart

Jilin Chemical Fibre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.73

-0.03

3.57

3.73

4.51

Jilin Chemical Fibre 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															4.13	6.06	3.67	4.08	4.92

Jilin Chemical Fibre Co ROCE % Calculation

Jilin Chemical Fibre 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 )
	=	255.735	/	( ( (10514.182 - 5070.248)	+	(10685.993 - 4793.072) )	/ 2 )
	=	255.735	/	( (5443.934	+	5892.921)	/ 2 )
	=	255.735	/	5668.4275
	=	4.51 %

Jilin Chemical Fibre 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 )
	=	285.02	/	( ( (10685.993 - 4793.072)	+	(10874.4 - 5191.763) )	/ 2 )
	=	285.02	/	( ( 5892.921	+	5682.637 )	/ 2 )
	=	285.02	/	5787.779
	=	4.92 %

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

Jilin Chemical Fibre Co (SZSE:000420) 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.

Jilin Chemical Fibre Co ROCE % Related Terms

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Jilin Chemical Fibre Co (SZSE:000420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jilin Chemical Fibre Co Ltd (SZSE:000420) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 516?1 Jiuzhan Street, Changyi District, Jilin, Jilin, CHN, 132115

Website

http://www.jlhxjt.com

Jilin Chemical Fibre Co Ltd is engaged in chemical fiber manufacturing. The products of the company include viscose staple fiber, viscose filament yarn, acrylic fiber, chemical fiber pulp, yarn, a heat accumulating fiber, anti-pill fiber, gelled dying fiber, carbon fiber precursor, and paper products.

Executives

Du Xiao Min	Director
Wei Quan Dong	Executives
Wang Sheng Yong	Director
Sun Yu Jing	Director
Jin Dong Jie	Director
Liu Hong Wei	Director
Qu Da Jun	Supervisors
Wang Dong Mei	Executives
Wang Jing Xia	Supervisors
Liu Feng Jiu	Supervisors
Song De Wu	Directors, executives
Xu Jian Guo	Secretary Dong
Zheng Gui Yun	Supervisors
Zhou Guo Li	Supervisors
Wang Qiu Hong	Securities Affairs Representative

Jilin Chemical Fibre Co (SZSE:000420) Headlines

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