Kopper Chemical Industry (BJSE:834033) ROCE % : 15.03% (As of Mar. 2024)

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What is Kopper Chemical Industry 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. Kopper Chemical Industry's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.03%.

Kopper Chemical Industry ROCE % Historical Data

The historical data trend for Kopper Chemical Industry'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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Kopper Chemical Industry ROCE % Chart

Kopper Chemical Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.09

47.29

30.52

33.15

29.63

Kopper Chemical Industry Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															30.32	30.06	30.30	24.82	15.03

Kopper Chemical Industry ROCE % Calculation

Kopper Chemical Industry'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 )
	=	174.786	/	( ( (724.828 - 217.071)	+	(845.978 - 174.017) )	/ 2 )
	=	174.786	/	( (507.757	+	671.961)	/ 2 )
	=	174.786	/	589.859
	=	29.63 %

Kopper Chemical Industry'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 )
	=	102.688	/	( ( (845.978 - 174.017)	+	(857.075 - 162.625) )	/ 2 )
	=	102.688	/	( ( 671.961	+	694.45 )	/ 2 )
	=	102.688	/	683.2055
	=	15.03 %

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

Kopper Chemical Industry (BJSE:834033) 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.

Kopper Chemical Industry ROCE % Related Terms

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Kopper Chemical Industry (BJSE:834033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kopper Chemical Industry Corp Ltd (BJSE:834033) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 7, Huazhong Avenue, Changshou District, Chongqing, CHN, 401221

Website

https://www.kopperchem.com

Kopper Chemical Industry Corp Ltd manufacturer of special surfactants, focusing on the research and development of copper metal, new energy battery metal extraction technology, mineral flotation technology, electrolytic electroplating acid mist treatment technology, etc., producing special surfactants products such as copper metal extractant, new energy battery metal extractant, mineral flotation reagent, and acid mist suppressant.

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