China Kingstone Mining Holdings (HKSE:01380) ROCE % : -21.61% (As of Jun. 2024)

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What is China Kingstone Mining Holdings 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. China Kingstone Mining Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -21.61%.

China Kingstone Mining Holdings ROCE % Historical Data

The historical data trend for China Kingstone Mining Holdings'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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China Kingstone Mining Holdings ROCE % Chart

China Kingstone Mining Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.87

-9.22

-17.15

-23.78

-32.02

China Kingstone Mining Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-16.57	-32.53	-7.89	-57.11	-21.61

China Kingstone Mining Holdings ROCE % Calculation

China Kingstone Mining Holdings'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 )
	=	-63.666	/	( ( (326.352 - 97.16)	+	(232.254 - 63.797) )	/ 2 )
	=	-63.666	/	( (229.192	+	168.457)	/ 2 )
	=	-63.666	/	198.8245
	=	-32.02 %

China Kingstone Mining Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-34.83	/	( ( (232.254 - 63.797)	+	(228.708 - 74.798) )	/ 2 )
	=	-34.83	/	( ( 168.457	+	153.91 )	/ 2 )
	=	-34.83	/	161.1835
	=	-21.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

China Kingstone Mining Holdings (HKSE:01380) 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.

China Kingstone Mining Holdings ROCE % Related Terms

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China Kingstone Mining Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Kingstone Mining Holdings Ltd (HKSE:01380) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhangjiaba Mine, Zhenjiang Village, Xiangshui County, Sichuan Province, Jiangyou, CHN, 510623

Website

http://www.kingstonemining.com

China Kingstone Mining Holdings Ltd is involved in the industrial metals and mining business sector. Along with its subsidiaries, the company is engaged in the production and sale of marble and marble related products and is also involved in preparing and delivering food for distribution to consumers under virtual brands in the United Kingdom of Great Britain and Northern Ireland. In terms of revenue, the marble slag product generates the maximum revenue for the company followed by the sale of food. Geographically, the firm derives a majority of its revenue from the People's Republic of China.

Executives

Advance Opportunities Fund I	2102 Investment manager
Zheng Yonghui	2101 Beneficial owner
Oasis Tycoon Investments Limited	2101 Beneficial owner

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