HK Battery Technology (HK Battery Technology) ROCE % : -9.97% (As of Mar. 2016)

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What is HK Battery Technology 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. HK Battery Technology's annualized ROCE % for the quarter that ended in Mar. 2016 was -9.97%.

HK Battery Technology ROCE % Historical Data

The historical data trend for HK Battery Technology'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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HK Battery Technology ROCE % Chart

HK Battery Technology Annual Data

Trend

Dec06

Dec07

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROCE %

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-86.23

-740.94

-12.92

HK Battery Technology Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
ROCE %	Get a 7-Day Free Trial															-	-	-9.95	-13.12	-9.97

HK Battery Technology ROCE % Calculation

HK Battery Technology's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-2.619	/	( ( (0.304 - 3.688)	+	(49.788 - 5.849) )	/ 2 )
	=	-2.619	/	( (-3.384	+	43.939)	/ 2 )
	=	-2.619	/	20.2775
	=	-12.92 %

HK Battery Technology's ROCE % of for the quarter that ended in Mar. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2016 )		(Q: Dec. 2015 )		(Q: Mar. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2016 )		(Q: Dec. 2015 )		(Q: Mar. 2016 )
	=	-4.328	/	( ( (49.788 - 5.849)	+	(48.745 - 5.888) )	/ 2 )
	=	-4.328	/	( ( 43.939	+	42.857 )	/ 2 )
	=	-4.328	/	43.398
	=	-9.97 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2016) EBIT data.

HK Battery Technology (OTCPK:HKBT) 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.

HK Battery Technology ROCE % Related Terms

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HK Battery Technology (HK Battery Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HK Battery Technology Inc (OTCPK:HKBT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 East Colorado Boulevard, Suite 888, Pasadena, CA, USA, 91101

Website

HK Battery Technology Inc is a development stage company.

Executives

John N Braca	director	C/O SENESCO TECHNOLOGIES INC, 303 GEORGE ST STE 420, NEW BRUNSWICK NJ 08901
David Rector	director, officer: CEO, President, Sec. & Treasur
David C. Mathewson	director, 10 percent owner, officer: President	1265 MESA DRIVE, FERNLEY NV 89408

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