Kung Long Batteries Industrial Co (TPE:1537) ROCE % : 23.79% (As of Mar. 2024)

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What is Kung Long Batteries Industrial 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. Kung Long Batteries Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.79%.

Kung Long Batteries Industrial Co ROCE % Historical Data

The historical data trend for Kung Long Batteries Industrial 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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Kung Long Batteries Industrial Co ROCE % Chart

Kung Long Batteries Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.89

26.79

19.02

26.29

18.55

Kung Long Batteries Industrial 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															13.62	21.62	23.09	17.29	23.79

Kung Long Batteries Industrial Co ROCE % Calculation

Kung Long Batteries Industrial 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 )
	=	866.759	/	( ( (5845.641 - 1083.764)	+	(5625.367 - 1044.076) )	/ 2 )
	=	866.759	/	( (4761.877	+	4581.291)	/ 2 )
	=	866.759	/	4671.584
	=	18.55 %

Kung Long Batteries Industrial 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 )
	=	1131.016	/	( ( (5625.367 - 1044.076)	+	(5844.026 - 915.53) )	/ 2 )
	=	1131.016	/	( ( 4581.291	+	4928.496 )	/ 2 )
	=	1131.016	/	4754.8935
	=	23.79 %

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

Kung Long Batteries Industrial Co (TPE:1537) 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.

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Kung Long Batteries Industrial Co (TPE:1537) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kung Long Batteries Industrial Co Ltd (TPE:1537) » Definitions » ROCE %

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Address

No.6, Tzu-Li 3rd Road, Nantou, TWN, 54067

Website

https://www.klb.com.tw

Kung Long Batteries Industrial Co Ltd is a Taiwan based company. The Company is primarily engaged in the manufacture and sales of lead-acid batteries. The company has production facilities in Taiwan and Vietnam. The products are offered for a wide range of applications: multipurpose, cycling high-power, electric car, deep-cycle, renewable energy, and solar energy.

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