ShiJiaZhuang Kelin Electric Co (SHSE:603050) ROCE % : 12.26% (As of Mar. 2024)

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What is ShiJiaZhuang Kelin Electric 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. ShiJiaZhuang Kelin Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.26%.

ShiJiaZhuang Kelin Electric Co ROCE % Historical Data

The historical data trend for ShiJiaZhuang Kelin Electric 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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ShiJiaZhuang Kelin Electric Co ROCE % Chart

ShiJiaZhuang Kelin Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.77

8.43

6.60

7.69

14.04

ShiJiaZhuang Kelin Electric Co 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															8.64	12.02	11.83	19.70	12.26

ShiJiaZhuang Kelin Electric Co ROCE % Calculation

ShiJiaZhuang Kelin Electric 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 )
	=	383.631	/	( ( (4676.459 - 2036.811)	+	(5281.963 - 2455.683) )	/ 2 )
	=	383.631	/	( (2639.648	+	2826.28)	/ 2 )
	=	383.631	/	2732.964
	=	14.04 %

ShiJiaZhuang Kelin Electric Co'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 )
	=	356.308	/	( ( (5281.963 - 2455.683)	+	(5363.366 - 2378.149) )	/ 2 )
	=	356.308	/	( ( 2826.28	+	2985.217 )	/ 2 )
	=	356.308	/	2905.7485
	=	12.26 %

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

ShiJiaZhuang Kelin Electric Co (SHSE:603050) 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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ShiJiaZhuang Kelin Electric Co (SHSE:603050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ShiJiaZhuang Kelin Electric Co Ltd (SHSE:603050) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

South Section of Hongqi Street, Luquan District, Hebei Province, Shijiazhuang, CHN, 050222

Website

http://www.kldcop.com

ShiJiaZhuang Kelin Electric Co Ltd manufactures Intelligent Substation System, Distribution Network Automatic System, Comprehensive Automation and Microcomputer Protection System for Substation, Intelligent Dispatching Automation System, Energy Acquisition System, Smart Meter and Distribution Meter, It also produces Photovoltaic Inverter, HV-LV Prepaid System, HV-LV Breaker and Switchgear, HV Combined Transformer, and Prefabricated Substation.

Executives

Zhang Cheng Suo	Director
Qiu Shi Yong	Supervisors
Wang Yong	senior management
Qu Guo Wang	Director
Dong Cai Hong	Director
Li Yan Ru	Director
Song Jian Ling	senior management
Ren Yue Ji	senior management
Jia Li Xia	Supervisors

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