Kandi Technologies Group (FRA:K40) ROCE % : -2.02% (As of Dec. 2023)

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What is Kandi Technologies Group 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. Kandi Technologies Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.02%.

Kandi Technologies Group ROCE % Historical Data

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.

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Kandi Technologies Group ROCE % Chart

Kandi Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.23

-3.47

7.07

-3.05

1.15

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															-9.95	0.38	4.88	1.64	-2.02

Kandi Technologies Group ROCE % Calculation

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 )
	=	4.402	/	( ( (455.935 - 76.942)	+	(454.334 - 70.31) )	/ 2 )
	=	4.402	/	( (378.993	+	384.024)	/ 2 )
	=	4.402	/	381.5085
	=	1.15 %

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 )
	=	-7.684	/	( ( (452.236 - 74.958)	+	(454.334 - 70.31) )	/ 2 )
	=	-7.684	/	( ( 377.278	+	384.024 )	/ 2 )
	=	-7.684	/	380.651
	=	-2.02 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Kandi Technologies Group (FRA:K40) 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.

Kandi Technologies Group ROCE % Related Terms

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Kandi Technologies Group (FRA:K40) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kandi Technologies Group Inc (FRA:K40) » Definitions » ROCE %

Comparable Companies

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KNDI:USA K8A:Germany

Address

Jinhua New Energy Vehicle Town, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.kandivehicle.com

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products, primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems. It generates revenue through EV parts and off-road vehicles. The company generates the majority of its revenue from China, and it also exports Overseas.

Kandi Technologies Group (FRA:K40) Headlines

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