Kelin Environmental Protection Equipment (SZSE:002499) ROCE % : -34.78% (As of Sep. 2022)

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What is Kelin Environmental Protection Equipment 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. Kelin Environmental Protection Equipment's annualized ROCE % for the quarter that ended in Sep. 2022 was -34.78%.

Kelin Environmental Protection Equipment ROCE % Historical Data

The historical data trend for Kelin Environmental Protection Equipment'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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Kelin Environmental Protection Equipment ROCE % Chart

Kelin Environmental Protection Equipment Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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7.80

-68.60

-22.64

10.64

0.11

Kelin Environmental Protection Equipment Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															-0.39	33.46	-56.97	-47.47	-34.78

Kelin Environmental Protection Equipment ROCE % Calculation

Kelin Environmental Protection Equipment's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	0.229	/	( ( (757.945 - 505.001)	+	(696.534 - 533.085) )	/ 2 )
	=	0.229	/	( (252.944	+	163.449)	/ 2 )
	=	0.229	/	208.1965
	=	0.11 %

Kelin Environmental Protection Equipment's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-41.9	/	( ( (666.876 - 538.397)	+	(623.826 - 511.387) )	/ 2 )
	=	-41.9	/	( ( 128.479	+	112.439 )	/ 2 )
	=	-41.9	/	120.459
	=	-34.78 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Kelin Environmental Protection Equipment (SZSE:002499) 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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Kelin Environmental Protection Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kelin Environmental Protection Equipment Inc (SZSE:002499) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Address: No. 8 Jiaotong Road, Bache District, Songling town, Wujiang city, Jiangsu Province, CHN, 215222

Website

http://www.kelin-china.com

Kelin Environmental Protection Equipment Inc manufactures and sells environmental protection equipment in China. It is a supplier of flue gas purification and treatment solution integrating environmental engineering system design, bag filter, desulfurization and denitrification product design, manufacture, and sales service in the field of air pollution control. The company's products include Bag Filter; Bag and Electrical filter; Cyclone and Furnace shell.

Executives

Wu Hong Guang	Director
Deng Bu Li	Director
Li Ceng Min	Directors, executives
Zhou Xing Xiang	Supervisors
Chen Guo Zhong	Directors, executives
Xu Tian Ping	Directors, executives
Zhang Gen Rong	Director
Song Qi Di	Director
Wu Jian Xin	Executives
Wu Shan Gan	Independent director
Zhou He Rong	Executives
Chen An Qi	Director
Shi Huan Zhang	Supervisors

Kelin Environmental Protection Equipment Headlines

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