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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. Kandi Technologies Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.04%.
The historical data trend for Kandi Technologies Group'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.
Kandi Technologies Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -1.22 | -3.59 | 6.83 | -2.95 | 1.17 |
Kandi Technologies Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -10.30 | 0.39 | 4.91 | 1.63 | -2.04 |
Kandi Technologies Group'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 ) | |||||
= | 4.8 | / | ( ( (482.982 - 81.506) | + | (495.457 - 76.674) ) | / 2 ) | |
= | 4.8 | / | ( (401.476 | + | 418.783) | / 2 ) | |
= | 4.8 | / | 410.1295 | ||||
= | 1.17 % |
Kandi Technologies Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -8.38 | / | ( ( (482.643 - 79.998) | + | (495.457 - 76.674) ) | / 2 ) | |
= | -8.38 | / | ( ( 402.645 | + | 418.783 ) | / 2 ) | |
= | -8.38 | / | 410.714 | ||||
= | -2.04 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Kandi Technologies Group (NAS:KNDI) 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.
Thank you for viewing the detailed overview of Kandi Technologies Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Xueqin Dong | director, officer: Chief Executive Officer | JINHUA NEW ENERGY VEHICLE TOWN, JINHUA F4 321016 |
Henry Yu | director | JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016 |
Lin Wang | director | C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016 |
Chenming Sun | director | C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016 |
Jehn Ming Lim | officer: Chief Financial Officer | FLAT E,7/F, BLOCK 3 ,BANYAN MANSION, WHAMPOA GARDEN,HUNG HOM, KOWLOON, HONG KONG K3 00000 |
Xiaoming Hu | director, 10 percent owner, officer: President and CEO | C/O KANDI TECHNOLOGIES GROUP, INC., JINHUA NEW ENERGY VEHICLE TOWN, ZHEJIANG PROVINCE F4 321016 |
Feng Zhu | director | JINHUA CITY INDUSTRIAL ZONE, JINHUA F4 321015 |
Yi Lin | director | JINHUA CITY INDUSTRIAL ZONE, JINHUA F4 321015 |
Excelvantage Group Ltd | other: Sole Director | JINHUA CITY INDUSTRIAL ZONE, JINHUA CITY, ZHEJIANG PROVINCE F4 321016 |
Cheng(henry) Wang | officer: Chief Financial Officer | C/O JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016 |
Bing Mei | officer: Chief Financial Officer | 42800 RIDGEWAY DR., ASHBURN VA 20148 |
Jingsong Qian | director | JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016 |
Xiaoying Zhu | director, officer: Chief Financial Officer | C/O JINHUA CITY INDUSTRIAL ZONE, JINHUA, ZHEJIANG PROVINCE F4 321016 |
Liming Chen | director | JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIAN PROVINCE F4 321016 |
Guangzheng Ni | director | JINHUA CITY INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016 |
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