Kemiao Garment Holding Group (Kemiao Garment Holding Group) ROCE % : 0.00% (As of Sep. 2020)

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What is Kemiao Garment Holding Group 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. Kemiao Garment Holding Group's annualized ROCE % for the quarter that ended in Sep. 2020 was 0.00%.

Kemiao Garment Holding Group ROCE % Historical Data

The historical data trend for Kemiao Garment Holding Group'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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Kemiao Garment Holding Group ROCE % Chart

Kemiao Garment Holding Group Annual Data

Trend

Oct09

Dec10

Dec18

Dec19

ROCE %

-161.54

271.93

95.88

Kemiao Garment Holding Group Quarterly Data
	Jan09	Jul09	Oct09	Jan10	Apr10	Sep10	Dec10	Mar11	Jun11	Sep11	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial														-	-	-	-	-

Kemiao Garment Holding Group ROCE % Calculation

Kemiao Garment Holding Group's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-0.042	/	( ( (0 - 0)	+	(0 - 0.042) )	/ 1 )
	=	-0.042	/	( (0	+	-0.042)	/ 1 )
	=	-0.042	/	-0.042
	=	100.00 %

Kemiao Garment Holding Group's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-0.032	/	( ( (0 - 0.038)	+	(0 - 0.046) )	/ 2 )
	=	-0.032	/	( ( -0.038	+	-0.046 )	/ 2 )
	=	-0.032	/	-0.042
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

Kemiao Garment Holding Group (OTCPK:KMGH) 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.

Kemiao Garment Holding Group ROCE % Related Terms

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Kemiao Garment Holding Group (Kemiao Garment Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kemiao Garment Holding Group (OTCPK:KMGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

528 Pudong South Road, 16th Floor, North Tower, Shanghai, CHN, 200120

Website

http://www.aivtech.com

Kemiao Garment Holding Group is intending to engage in the business of technology integration and ecology.

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