Shanghai Kelai Mechatronics Engineering Co (SHSE:603960) ROCE % : 3.87% (As of Sep. 2024)

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What is Shanghai Kelai Mechatronics Engineering 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. Shanghai Kelai Mechatronics Engineering Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.87%.

Shanghai Kelai Mechatronics Engineering Co ROCE % Historical Data

The historical data trend for Shanghai Kelai Mechatronics Engineering 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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Shanghai Kelai Mechatronics Engineering Co ROCE % Chart

Shanghai Kelai Mechatronics Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.19

17.22

5.36

7.20

9.87

Shanghai Kelai Mechatronics Engineering 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															6.00	20.79	5.05	5.70	3.87

Shanghai Kelai Mechatronics Engineering Co ROCE % Calculation

Shanghai Kelai Mechatronics Engineering 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 )
	=	103.174	/	( ( (1289.228 - 285.775)	+	(1257.41 - 169.411) )	/ 2 )
	=	103.174	/	( (1003.453	+	1087.999)	/ 2 )
	=	103.174	/	1045.726
	=	9.87 %

Shanghai Kelai Mechatronics Engineering 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 )
	=	42.084	/	( ( (1245.406 - 159.215)	+	(1257.86 - 168.415) )	/ 2 )
	=	42.084	/	( ( 1086.191	+	1089.445 )	/ 2 )
	=	42.084	/	1087.818
	=	3.87 %

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

Shanghai Kelai Mechatronics Engineering Co (SHSE:603960) 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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Shanghai Kelai Mechatronics Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Kelai Mechatronics Engineering Co Ltd (SHSE:603960) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

1555 Luo Dong Road, Baoshan District, Shanghai, CHN, 200949

Website

http://www.sh-kelai.com

Shanghai Kelai Mechatronics Engineering Co Ltd is a provider of automation equipment and industrial robot system application in China. The company is engaged in the research, development and manufacture of non-standard intelligent equipment and industrial robot system integration. Its products are widely used in automobiles, 3C electronics, food, Tobacco, medical machinery and other industries.

Executives

Su Jian Liang	Directors, senior managers
Zhang Hai Hong	Supervisors
Xiao Yi	senior management
Wang Yang Ming	Director
Feng Shou Jia	Director
Wang Zhi Hao	Director
Chen Jiu Kang	Director
Wang Wei Feng	senior management
Shen Jun Jie	senior management
Li Jie	Supervisors
Li Nan	senior management
Tan Shi Li	Director

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