Jilin Asia Link Technology Development Co (SZSE:002316) ROCE % : 29.42% (As of Mar. 2024)

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What is Jilin Asia Link Technology 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. Jilin Asia Link Technology Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.42%.

Jilin Asia Link Technology Development Co ROCE % Historical Data

The historical data trend for Jilin Asia Link Technology 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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Jilin Asia Link Technology Development Co ROCE % Chart

Jilin Asia Link Technology Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.12

-51.17

-52.64

-7.25

-21.12

Jilin Asia Link Technology 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															-20.57	-31.26	30.86	-61.97	29.42

Jilin Asia Link Technology Development Co ROCE % Calculation

Jilin Asia Link Technology 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 )
	=	-15.649	/	( ( (908.107 - 845.594)	+	(780.618 - 694.952) )	/ 2 )
	=	-15.649	/	( (62.513	+	85.666)	/ 2 )
	=	-15.649	/	74.0895
	=	-21.12 %

Jilin Asia Link Technology 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 )
	=	25.588	/	( ( (780.618 - 694.952)	+	(734.32 - 646.041) )	/ 2 )
	=	25.588	/	( ( 85.666	+	88.279 )	/ 2 )
	=	25.588	/	86.9725
	=	29.42 %

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

Jilin Asia Link Technology Development Co (SZSE:002316) 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 Asia Link Technology Development Co ROCE % Related Terms

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Jilin Asia Link Technology Development Co (SZSE:002316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jilin Asia Link Technology Development Co Ltd (SZSE:002316) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Room 1205, Chuangye Building, High-tech Industrial Development Zone, Jilin Province, Liaoyuan, CHN, 518057

Website

http://www.asialink.com

Jilin Asia Link Technology Development Co Ltd is primarily involved in the financial technology business and private network communication technology solution business. The financial technology business segment is mainly engaged in third-party payment services, big data service business and financial business. The private network communication technology solution business mainly serves the energy and transportation industries, including the research and development, manufacturing and related technical services of related software and hardware products. Geographically, the activities are carried out through China.

Jilin Asia Link Technology Development Co (SZSE:002316) Headlines

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