Shanxi Keda Automatic Control Co (BJSE:831832) ROCE % : 4.39% (As of Sep. 2024)

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What is Shanxi Keda Automatic Control 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. Shanxi Keda Automatic Control Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.39%.

Shanxi Keda Automatic Control Co ROCE % Historical Data

The historical data trend for Shanxi Keda Automatic Control 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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Shanxi Keda Automatic Control Co ROCE % Chart

Shanxi Keda Automatic Control Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.94

13.31

10.88

7.86

8.34

Shanxi Keda Automatic Control Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.40	18.68	2.26	5.44	4.39

Shanxi Keda Automatic Control Co ROCE % Calculation

Shanxi Keda Automatic Control 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 )
	=	66.489	/	( ( (897.396 - 202.19)	+	(1236.634 - 337.517) )	/ 2 )
	=	66.489	/	( (695.206	+	899.117)	/ 2 )
	=	66.489	/	797.1615
	=	8.34 %

Shanxi Keda Automatic Control Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	45.128	/	( ( (1345.913 - 318.389)	+	(1392 - 362.086) )	/ 2 )
	=	45.128	/	( ( 1027.524	+	1029.914 )	/ 2 )
	=	45.128	/	1028.719
	=	4.39 %

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

Shanxi Keda Automatic Control Co (BJSE:831832) 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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Shanxi Keda Automatic Control Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanxi Keda Automatic Control Co Ltd (BJSE:831832) » Definitions » ROCE %

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Address

227, Changzhi Road, 1st Floor, Block B, Gaoxin International Building, Shanxi Comprehensive Reform Demonstration Zone, Shanxi Province, Taiyuan, CHN, 030006

Website

http://www.sxkeda.com

Shanxi Keda Automatic Control Co Ltd engages in applying the industrial Internet technology system to provide customers with mine data monitoring and automatic control systems, municipal data remote monitoring systems, automatic control-related products, and 365 on-site (online) automation technology services to solve customers' needs in the production process. Its products include Equipment Cloud platform, Smart site Intelligent terminal products; and Mine Intelligent Control Systems.

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