Jiangsu LiXing General Steel Ball Co (SZSE:300421) ROCE % : 6.70% (As of Mar. 2024)

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What is Jiangsu LiXing General Steel Ball 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 LiXing General Steel Ball Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.70%.

Jiangsu LiXing General Steel Ball Co ROCE % Historical Data

The historical data trend for Jiangsu LiXing General Steel Ball 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 LiXing General Steel Ball Co ROCE % Chart

Jiangsu LiXing General Steel Ball Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.36

6.77

8.45

5.50

5.53

Jiangsu LiXing General Steel Ball 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															6.06	5.91	6.98	2.80	6.70

Jiangsu LiXing General Steel Ball Co ROCE % Calculation

Jiangsu LiXing General Steel Ball 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 )
	=	73.49	/	( ( (1787.918 - 450.502)	+	(1825.352 - 506.42) )	/ 2 )
	=	73.49	/	( (1337.416	+	1318.932)	/ 2 )
	=	73.49	/	1328.174
	=	5.53 %

Jiangsu LiXing General Steel Ball 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 )
	=	88.808	/	( ( (1825.352 - 506.42)	+	(1887.702 - 554.846) )	/ 2 )
	=	88.808	/	( ( 1318.932	+	1332.856 )	/ 2 )
	=	88.808	/	1325.894
	=	6.70 %

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

Jiangsu LiXing General Steel Ball Co (SZSE:300421) 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 LiXing General Steel Ball Co ROCE % Related Terms

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Jiangsu LiXing General Steel Ball Co (SZSE:300421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu LiXing General Steel Ball Co Ltd (SZSE:300421) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 68, Xingyuan Avenue, Rugao Town, Jiangsu Province, Rugao, Jiangsu, CHN, 226500

Website

http://www.jgbr.com.cn

Jiangsu LiXing General Steel Ball Co Ltd is engaged in manufacturing of mechanical basic parts and auto parts. Its main products are high-precision bearing steel ball, precision non-sound steel ball, high-grade car special precision bearing steel ball, high-grade car wheel special steel ball, wind power generation special steel Balls.

Executives

Su Yin Jian	Supervisors
Zhao Gao Ming	Directors, executives
Wang Rong	Directors, executives
Sha Xiao Jian	Executives
Zhang Bang You	Directors, executives
Chen Fang	Executives
Wu Xiang Hui	Supervisors
Tang Guo Hua	Directors, executives
Shi Xiang Gui	Directors, executives

Jiangsu LiXing General Steel Ball Co (SZSE:300421) Headlines

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