Jinke Property Group Co (SZSE:000656) ROCE % : -1.12% (As of Mar. 2024)

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What is Jinke Property Group 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. Jinke Property Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.12%.

Jinke Property Group Co ROCE % Historical Data

The historical data trend for Jinke Property Group 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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Jinke Property Group Co ROCE % Chart

Jinke Property Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.66

9.96

7.14

-23.06

-4.73

Jinke Property Group 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															2.57	-2.32	8.41	-28.97	-1.12

Jinke Property Group Co ROCE % Calculation

Jinke Property Group 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 )
	=	-2701.819	/	( ( (299535.784 - 235230.955)	+	(224219.424 - 174390.032) )	/ 2 )
	=	-2701.819	/	( (64304.829	+	49829.392)	/ 2 )
	=	-2701.819	/	57067.1105
	=	-4.73 %

Jinke Property Group 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 )
	=	-524.376	/	( ( (224219.424 - 174390.032)	+	(216354.059 - 172342.643) )	/ 2 )
	=	-524.376	/	( ( 49829.392	+	44011.416 )	/ 2 )
	=	-524.376	/	46920.404
	=	-1.12 %

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

Jinke Property Group Co (SZSE:000656) 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.

Jinke Property Group Co ROCE % Related Terms

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Jinke Property Group Co (SZSE:000656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinke Property Group Co Ltd (SZSE:000656) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Chunlan Road, Jinjiang Group, Chongqing Geological Survey Building, No. 1, Liangjiang New District, Chongqing, CHN, 400020

Website

http://www.jinke.com

Jinke Property Group Co Ltd is real estate company engaged in the commercial real estate, industrial real estate, and green residential projects. The company designs real estate gardens develop eco-cities and are involved in garden planning.

Executives

Song Ke	Executives
Zhang Qiang	Directors, executives
Huang Zhong Qiang	Executives
Chen Xing Hong	Director
Yang Cheng Jun	Directors, executives
Liang Zhong Tai	Supervisors
Zhou Da	Director
Wang Wei	Executives
Luo Li Cheng	Executives
Chen Gang	Director
Li Hua	Executives
Wang Hong Fei	Executives
Luo Liang	Director
Liu Zhong Hai	Supervisors
Jiang Si Hai	Director

Jinke Property Group Co (SZSE:000656) Headlines

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