China Kings Resources Group Co (SHSE:603505) ROCE % : 14.99% (As of Sep. 2024)

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What is China Kings Resources 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. China Kings Resources Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.99%.

China Kings Resources Group Co ROCE % Historical Data

The historical data trend for China Kings Resources 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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China Kings Resources Group Co ROCE % Chart

China Kings Resources Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.03

24.37

22.31

16.43

18.11

China Kings Resources 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															22.42	16.26	9.42	19.31	14.99

China Kings Resources Group Co ROCE % Calculation

China Kings Resources 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 )
	=	490.44	/	( ( (3058.532 - 857.688)	+	(5013.506 - 1796.913) )	/ 2 )
	=	490.44	/	( (2200.844	+	3216.593)	/ 2 )
	=	490.44	/	2708.7185
	=	18.11 %

China Kings Resources 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 )
	=	494.56	/	( ( (6293.374 - 3047.501)	+	(6531.758 - 3177.077) )	/ 2 )
	=	494.56	/	( ( 3245.873	+	3354.681 )	/ 2 )
	=	494.56	/	3300.277
	=	14.99 %

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

China Kings Resources Group Co (SHSE:603505) 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.

China Kings Resources Group Co ROCE % Related Terms

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China Kings Resources Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Kings Resources Group Co Ltd (SHSE:603505) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8 Qiushi Road, Room 2301, South Building, Gongyuan Building, Anno Domini Mansion, Zhejiang Province, Hangzhou, CHN, 310013

Website

http://www.chinesekings.com

China Kings Resources Group Co Ltd is a Chinese company involved in the production and trade of fluorite products. It offers acid grade fluorite fine powder, metallurgical grade fluorite fine powder, high-grade fluorite lump ore and common fluorite ore.

Executives

Su Bao Gang	senior management
Cheng Hui Fang	Director
Wang Jin Hua	Director
Ying Li Ming	Director
Dai Shui Jun	senior management
Zhao Jian Ping	Director
Xu Chun Bo	senior management
Yang Jin	senior management
Wang Zhong Yan	Supervisors
Wu Ling Yi	senior management
Song Ying	Director
Wang Cheng Liang	Director
Hu Xiang Ming	senior management
Wang Fu Liang	Director
Shen Le Ping	Director

China Kings Resources Group Co Headlines

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