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Suzhou K-Hiragawa Electronic Technology Co (SHSE:603052) ROCE % : 8.04% (As of Sep. 2024)


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What is Suzhou K-Hiragawa Electronic Technology 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. Suzhou K-Hiragawa Electronic Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.04%.


Suzhou K-Hiragawa Electronic Technology Co ROCE % Historical Data

The historical data trend for Suzhou K-Hiragawa Electronic Technology 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.

Suzhou K-Hiragawa Electronic Technology Co ROCE % Chart

Suzhou K-Hiragawa Electronic Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 29.09 26.57 30.42 23.97 9.49

Suzhou K-Hiragawa Electronic Technology Co Quarterly Data
Dec16 Dec17 Dec18 Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.70 7.36 7.82 5.00 8.04

Suzhou K-Hiragawa Electronic Technology Co ROCE % Calculation

Suzhou K-Hiragawa Electronic Technology 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 )
=106.354/( ( (1492.768 - 401.956) + (1582.995 - 432.217) )/ 2 )
=106.354/( (1090.812+1150.778)/ 2 )
=106.354/1120.795
=9.49 %

Suzhou K-Hiragawa Electronic Technology 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 )
=88.328/( ( (1509.143 - 420.91) + (1560.283 - 452.574) )/ 2 )
=88.328/( ( 1088.233 + 1107.709 )/ 2 )
=88.328/1097.971
=8.04 %

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

* 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.


Suzhou K-Hiragawa Electronic Technology Co  (SHSE:603052) 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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Suzhou K-Hiragawa Electronic Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Zhipu Road, Room 5, Qiandeng Town, Jiangsu Province, Kunshan, CHN, 215300
Suzhou K-Hiragawa Electronic Technology Co Ltd is engaged in the research and development, design, processing and sales of functional electronic devices, optical thin-film devices and automotive power battery insulation products, specializing in consumer electronics brands such as notebook computers and mobile phones, large optoelectronic technology companies and automotive battery manufacturers.
Executives
Zhu Chun Hua Directors, senior managers
Shi Hui Qing Directors, senior managers
Bei Zheng Xin Director

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