Kexin Development Co Shanxi (SHSE:600234) ROCE % : -5.43% (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Kexin Development Co Shanxi 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. Kexin Development Co Shanxi's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.43%.

Kexin Development Co Shanxi ROCE % Historical Data

The historical data trend for Kexin Development Co Shanxi'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.

* Premium members only.

Kexin Development Co Shanxi ROCE % Chart

Kexin Development Co Shanxi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

22.03

38.75

5.85

-2.36

-27.73

Kexin Development Co Shanxi Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.82	-6.37	-2.38	-99.39	-5.43

Kexin Development Co Shanxi ROCE % Calculation

Kexin Development Co Shanxi'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 )
	=	-173.908	/	( ( (848.054 - 135.745)	+	(666.39 - 124.317) )	/ 2 )
	=	-173.908	/	( (712.309	+	542.073)	/ 2 )
	=	-173.908	/	627.191
	=	-27.73 %

Kexin Development Co Shanxi'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 )
	=	-29.212	/	( ( (666.39 - 124.317)	+	(661.899 - 127.634) )	/ 2 )
	=	-29.212	/	( ( 542.073	+	534.265 )	/ 2 )
	=	-29.212	/	538.169
	=	-5.43 %

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

Kexin Development Co Shanxi (SHSE:600234) 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.

Kexin Development Co Shanxi ROCE % Related Terms

Thank you for viewing the detailed overview of Kexin Development Co Shanxi's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kexin Development Co Shanxi (SHSE:600234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kexin Development Co Ltd Shanxi (SHSE:600234) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 289 Yingze Street, Shanxi Province, Taiyuan, CHN, 030001

Website

Guanghe Landscape Culture Communication Co Ltd is engaged in cultural event planning; cultural communication planning; corporate image planning; investment in theme parks and tourism cultural projects, cultural performance projects, cinema lines, book publishing publications with own funds; painting and calligraphy art creation and display.

Executives

Chen Fu Xing	Director
Wang Tie Sheng	senior management

Kexin Development Co Shanxi (SHSE:600234) Headlines

No Headlines