IKD Co (SHSE:600933) ROCE % : 13.48% (As of Sep. 2024)

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What is IKD 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. IKD Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.48%.

IKD Co ROCE % Historical Data

The historical data trend for IKD 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.

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IKD Co ROCE % Chart

IKD Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.61

10.21

6.90

12.18

13.90

IKD 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															12.54	17.08	12.63	10.11	13.48

IKD Co ROCE % Calculation

IKD 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 )
	=	1171.954	/	( ( (9924.294 - 2099.973)	+	(11555.29 - 2516.889) )	/ 2 )
	=	1171.954	/	( (7824.321	+	9038.401)	/ 2 )
	=	1171.954	/	8431.361
	=	13.90 %

IKD 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 )
	=	1477.7	/	( ( (13993.591 - 3034.256)	+	(14192.971 - 3233.992) )	/ 2 )
	=	1477.7	/	( ( 10959.335	+	10958.979 )	/ 2 )
	=	1477.7	/	10959.157
	=	13.48 %

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

IKD Co (SHSE:600933) 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.

IKD Co ROCE % Related Terms

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IKD Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IKD Co Ltd (SHSE:600933) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 588 Jin Shan Road, Jiangbei Investment Pioneering Park, Zhejiang Province, Ningbo, CHN, 315033

Website

http://www.ikd-china.com

IKD Co Ltd is engaged in manufacturing of aluminum die casting products. The company is mainly engaged in the research and development, production and sales of automotive aluminum alloy precision casting. The production process covers the whole process of the design and development of die-casting tooling, die casting, trimming, heat treatment, precision machining, surface treatment and assembly. Its main products include automotive wiper system, transmission system, steering system, engine system, air condition system, commercial vehicle braking system.

Executives

Zhang Jian Cheng	Directors, senior managers
Dong Li Ping	Directors, senior managers
Yang Neng Zhong	Directors, senior managers
Yu Guo Hua	Directors, senior managers
Xi Hai Jun	senior management
Wu Fei	Supervisors
Fu Long Zhu	senior management
Li Jian Jun	senior management
He Sheng Hua	senior management
Zhao Jun	Supervisors
Wu Miao Xin	senior management
Sheng Hong	Director

IKD Co Headlines

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