Guangdong KinLong Hardware Products Co (SZSE:002791) ROCE %

: 16.05% (As of Dec. 2023)

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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. Guangdong KinLong Hardware Products Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.05%.

Guangdong KinLong Hardware Products Co ROCE % Historical Data

The historical data trend for Guangdong KinLong Hardware Products 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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Guangdong KinLong Hardware Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

16.75

26.60

23.41

2.44

7.83

Guangdong KinLong Hardware Products Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																7.67	-4.14	8.00	11.42	16.05

Guangdong KinLong Hardware Products Co ROCE % Calculation

Guangdong KinLong Hardware Products 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 )
	=	444.167	/	( ( (10569.76 - 4995.944)	+	(9824.26 - 4059.603) )	/ 2 )
	=	444.167	/	( (5573.816	+	5764.657)	/ 2 )
	=	444.167	/	5669.2365
	=	7.83 %

Guangdong KinLong Hardware Products Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	920.644	/	( ( (10095.795 - 4386.512)	+	(9824.26 - 4059.603) )	/ 2 )
	=	920.644	/	( ( 5709.283	+	5764.657 )	/ 2 )
	=	920.644	/	5736.97
	=	16.05 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Guangdong KinLong Hardware Products Co (SZSE:002791) 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.

Guangdong KinLong Hardware Products Co ROCE % Related Terms

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Guangdong KinLong Hardware Products Co (SZSE:002791) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong KinLong Hardware Products Co Ltd (SZSE:002791) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, Jian Lang Road, Daping, Tangxia Town, Guangdong, Dongguan, CHN, 523722

Website

http://www.kinlong.com

Guangdong KinLong Hardware Products Co Ltd is engaged in research, development, manufacture, and marketing of fittings for architectural hardware. It supplies fittings and provides consulting services to the architectural industry. The company's main products include door and window hardware system, door control hardware system, point-supported glass curtain wall structural components, stainless steel rail structural components and other architectural hardware products.

Guangdong KinLong Hardware Products Co (SZSE:002791) Headlines

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