Fujian Kuncai Material Technology Co (SHSE:603826) ROCE % : 5.78% (As of Mar. 2024)

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What is Fujian Kuncai Material 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. Fujian Kuncai Material Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.78%.

Fujian Kuncai Material Technology Co ROCE % Historical Data

The historical data trend for Fujian Kuncai Material 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.

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Fujian Kuncai Material Technology Co ROCE % Chart

Fujian Kuncai Material Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.32

11.39

9.19

5.13

5.70

Fujian Kuncai Material Technology 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															4.01	5.89	6.73	5.34	5.78

Fujian Kuncai Material Technology Co ROCE % Calculation

Fujian Kuncai Material 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 )
	=	155.928	/	( ( (3573.008 - 827.724)	+	(4344.726 - 1621.715) )	/ 2 )
	=	155.928	/	( (2745.284	+	2723.011)	/ 2 )
	=	155.928	/	2734.1475
	=	5.70 %

Fujian Kuncai Material Technology 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 )
	=	160.216	/	( ( (4344.726 - 1621.715)	+	(4553.452 - 1731.082) )	/ 2 )
	=	160.216	/	( ( 2723.011	+	2822.37 )	/ 2 )
	=	160.216	/	2772.6905
	=	5.78 %

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

Fujian Kuncai Material Technology Co (SHSE:603826) 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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Fujian Kuncai Material Technology Co (SHSE:603826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Kuncai Material Technology Co Ltd (SHSE:603826) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuanhong Investment Zone, Fujian Province, Fuzhou, CHN, 350314

Website

http://www.fjkuncai.com

Fujian Kuncai Material Technology Co Ltd is a Chinese developer and manufacturer of pearlescent pigments. It manufactures various colors for use in automotive, plastics, cosmetics, ink, fluorocarbon coatings, wallpapers, 3C coatings and industrial coatings. The products offered by the company includes Peacock Series, Diamond Dragon Series, Silla Maya Series, Crystal Dragon Series, and FC Series Pearlescent Materials, among others. Its products have application in the industries of automotive coatings, cosmetics, plastics, inks, printing, industrial coatings, building materials, architectural decoration, and seed coating, among others. The entity sells its products in China, and also exports it to the various other countries.

Executives

Xie Chao	Director
Xie Bing Kun	Director
Mao Ying	senior management
Ding Jia Guo	Supervisors
Cai Zhi Ming	senior management
Wang Huai Yan	Supervisors
Li Qiu Yun	senior management

Fujian Kuncai Material Technology Co (SHSE:603826) Headlines

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