Kingold Jewelry (Kingold Jewelry) ROCE % : 1.55% (As of Sep. 2019)

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What is Kingold Jewelry 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. Kingold Jewelry's annualized ROCE % for the quarter that ended in Sep. 2019 was 1.55%.

Kingold Jewelry ROCE % Historical Data

The historical data trend for Kingold Jewelry'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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Kingold Jewelry ROCE % Chart

Kingold Jewelry Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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26.10

10.61

16.99

9.54

14.66

Kingold Jewelry Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															12.49	15.23	14.93	19.12	1.55

Kingold Jewelry ROCE % Calculation

Kingold Jewelry's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	241.728	/	( ( (3042.345 - 1294.86)	+	(2699.814 - 1148.455) )	/ 2 )
	=	241.728	/	( (1747.485	+	1551.359)	/ 2 )
	=	241.728	/	1649.422
	=	14.66 %

Kingold Jewelry's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	25.288	/	( ( (3121.06 - 1645.466)	+	(3319.662 - 1536.707) )	/ 2 )
	=	25.288	/	( ( 1475.594	+	1782.955 )	/ 2 )
	=	25.288	/	1629.2745
	=	1.55 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Kingold Jewelry (GREY:KGJI) 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.

Kingold Jewelry ROCE % Related Terms

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Kingold Jewelry (Kingold Jewelry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kingold Jewelry Inc (GREY:KGJI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023

Website

http://www.kingoldjewelry.com

Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.

Executives