Zhuzhou Kibing Group Co (SHSE:601636) ROCE % : -2.23% (As of Sep. 2024)

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What is Zhuzhou Kibing Group 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. Zhuzhou Kibing Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.23%.

Zhuzhou Kibing Group Co ROCE % Historical Data

The historical data trend for Zhuzhou Kibing Group 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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Zhuzhou Kibing Group Co ROCE % Chart

Zhuzhou Kibing Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.82

21.43

37.20

9.03

10.06

Zhuzhou Kibing Group 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															13.04	10.67	9.77	7.64	-2.23

Zhuzhou Kibing Group Co ROCE % Calculation

Zhuzhou Kibing Group 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 )
	=	2205.892	/	( ( (24437.098 - 5764.459)	+	(31915.246 - 6721.072) )	/ 2 )
	=	2205.892	/	( (18672.639	+	25194.174)	/ 2 )
	=	2205.892	/	21933.4065
	=	10.06 %

Zhuzhou Kibing Group 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 )
	=	-608.544	/	( ( (35026.734 - 7885.259)	+	(35437.015 - 7918.88) )	/ 2 )
	=	-608.544	/	( ( 27141.475	+	27518.135 )	/ 2 )
	=	-608.544	/	27329.805
	=	-2.23 %

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

Zhuzhou Kibing Group Co (SHSE:601636) 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.

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Zhuzhou Kibing Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhuzhou Kibing Group Co Ltd (SHSE:601636) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 2, Longzhu 4th Road, Taoyuan Street, 36th Floor, Building T1, Fangdacheng, Nanshan District, Guangdong, Shenzhen, CHN, 518073

Website

http://www.kibing-glass.com

Zhuzhou Kibing Group Co Ltd is engaged in the Manufacturing and sales of raw glass, research and development of new glass materials and deep processing of glass.

Executives

Hu Yong	Director
Zhang Bai Zhong	Director
Zhang Guo Ming	Director
Zhong Peng Hui	senior management
Lin Bao Da	Director
He Li Hong	Director
Ge Wen Yao	Director
Shao Jing Chu	Director
Ji Xue Lin	senior management
Hou Ying Lan	Director

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