Some Investors May Be Worried About Jin Medical International's (NASDAQ:ZJYL) Returns On Capital [Yahoo! Finance]
JIN MEDICAL INTERNATIONAL LTD. - Ordinary Shares (ZJYL)
Company Research
Source: Yahoo! Finance
return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after briefly looking over the numbers, we don't think Jin Medical International NASDAQ:ZJYL ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Jin Medical International is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.088 = US$2.3m ÷ (US$41m - US$15m) (Based on the trailing twelve months to March 2024) Thus, Jin Medical International has an ROCE of 8.8%. Even though it's in line with the industry a
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