Shanghai Kinlita Chemical Co (SZSE:300225) ROCE % : 1.85% (As of Mar. 2024)

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What is Shanghai Kinlita Chemical 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. Shanghai Kinlita Chemical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.85%.

Shanghai Kinlita Chemical Co ROCE % Historical Data

The historical data trend for Shanghai Kinlita Chemical 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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Shanghai Kinlita Chemical Co ROCE % Chart

Shanghai Kinlita Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.49

10.55

-13.82

-14.62

2.61

Shanghai Kinlita Chemical 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															-1.93	2.79	5.20	4.69	1.85

Shanghai Kinlita Chemical Co ROCE % Calculation

Shanghai Kinlita Chemical 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 )
	=	21.406	/	( ( (1119.917 - 333.12)	+	(1282.061 - 431.313) )	/ 2 )
	=	21.406	/	( (786.797	+	850.748)	/ 2 )
	=	21.406	/	818.7725
	=	2.61 %

Shanghai Kinlita Chemical 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 )
	=	15.704	/	( ( (1282.061 - 431.313)	+	(1270.721 - 421.494) )	/ 2 )
	=	15.704	/	( ( 850.748	+	849.227 )	/ 2 )
	=	15.704	/	849.9875
	=	1.85 %

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

Shanghai Kinlita Chemical Co (SZSE:300225) 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.

Shanghai Kinlita Chemical Co ROCE % Related Terms

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Shanghai Kinlita Chemical Co (SZSE:300225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Kinlita Chemical Co Ltd (SZSE:300225) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139, Chugong Road, Shanghai Chemical Industry Zone, Shanghai, CHN, 201417

Website

http://www.knt.cn

Shanghai Kinlita Chemical Co Ltd is a player in the mid and high-end industrial coating industry. The company's product lineup includes automotive and industrial cationic electrocoat (CED), OEM automotive primer surfacer and topcoat.

Executives

Jing Zong Fa	Director
Yan Jia Hua	Directors, executives
Tang Yang	Secretary, Director
Liu Jin Mei	Director
Liu Xue Min	Supervisors
Su Ming Zhong	Director
Tian Bao Guo	Directors, executives
Wu Guo Zheng	Director
Zhou Wen Biao	Supervisors
Mou Zong Yuan	Director
Qian Qiong Wei	Directors, executives

Shanghai Kinlita Chemical Co (SZSE:300225) Headlines

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