Jiangsu Kanion Pharmaceutical Co (SHSE:600557) ROCE % : 5.52% (As of Sep. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Jiangsu Kanion Pharmaceutical 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. Jiangsu Kanion Pharmaceutical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.52%.

Jiangsu Kanion Pharmaceutical Co ROCE % Historical Data

The historical data trend for Jiangsu Kanion Pharmaceutical 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.

* Premium members only.

Jiangsu Kanion Pharmaceutical Co ROCE % Chart

Jiangsu Kanion Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.81

7.39

7.55

9.35

10.47

Jiangsu Kanion Pharmaceutical 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															7.00	9.26	12.04	10.66	5.52

Jiangsu Kanion Pharmaceutical Co ROCE % Calculation

Jiangsu Kanion Pharmaceutical 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 )
	=	550.983	/	( ( (6795.804 - 1781.106)	+	(7117.322 - 1608.688) )	/ 2 )
	=	550.983	/	( (5014.698	+	5508.634)	/ 2 )
	=	550.983	/	5261.666
	=	10.47 %

Jiangsu Kanion Pharmaceutical 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 )
	=	302.356	/	( ( (7054.248 - 1560.307)	+	(6902.74 - 1436.152) )	/ 2 )
	=	302.356	/	( ( 5493.941	+	5466.588 )	/ 2 )
	=	302.356	/	5480.2645
	=	5.52 %

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

Jiangsu Kanion Pharmaceutical Co (SHSE:600557) 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.

Jiangsu Kanion Pharmaceutical Co ROCE % Related Terms

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

Jiangsu Kanion Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jiangsu Kanion Pharmaceutical Co Ltd (SHSE:600557) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 58 Haichang South Road, Xinpu District, Jiangsu, Lianyungang, CHN, 222001

Website

http://www.kanion.com

Jiangsu Kanion Pharmaceutical Co Ltd focuses on R&D, production and trade of traditional Chinese medicine. The company also makes orthopedics, cardiovascular, anti-infective and anti-tumor products.

Executives

Pan Yu	Director
Xu Dian Hong	Director
Wang Chuan Lei	Director
Yang Yong Chun	Director
Liu Quan	Director
Wang Zhen Zhong	Director
Wu Yun	Director
Gao Hai Xin	Director
Xiao Wei	Director
Wan Yan Huan	senior management
Xia Yue	Director
Yang Yin	Director

Jiangsu Kanion Pharmaceutical Co Headlines

No Headlines