Shanghai Kindly Enterprise Development Group Co (SHSE:603987) ROCE % : 10.49% (As of Sep. 2024)

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What is Shanghai Kindly Enterprise Development 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. Shanghai Kindly Enterprise Development Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.49%.

Shanghai Kindly Enterprise Development Group Co ROCE % Historical Data

The historical data trend for Shanghai Kindly Enterprise Development 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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Shanghai Kindly Enterprise Development Group Co ROCE % Chart

Shanghai Kindly Enterprise Development Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.41

13.76

15.33

13.73

11.68

Shanghai Kindly Enterprise Development 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															10.81	8.57	10.71	7.58	10.49

Shanghai Kindly Enterprise Development Group Co ROCE % Calculation

Shanghai Kindly Enterprise Development 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 )
	=	326.966	/	( ( (4137.985 - 1450.516)	+	(4218.667 - 1307.281) )	/ 2 )
	=	326.966	/	( (2687.469	+	2911.386)	/ 2 )
	=	326.966	/	2799.4275
	=	11.68 %

Shanghai Kindly Enterprise Development 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 )
	=	311.136	/	( ( (4074.393 - 1122.704)	+	(4077.555 - 1094.526) )	/ 2 )
	=	311.136	/	( ( 2951.689	+	2983.029 )	/ 2 )
	=	311.136	/	2967.359
	=	10.49 %

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

Shanghai Kindly Enterprise Development Group Co (SHSE:603987) 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.

Shanghai Kindly Enterprise Development Group Co ROCE % Related Terms

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Shanghai Kindly Enterprise Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Kindly Enterprise Development Group Co Ltd (SHSE:603987) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gaochao Road, 2 Floor, Building 1, No. 658, Jiading District, Shanghai, CHN, 201803

Website

http://www.kdlchina.cn

Shanghai Kindly Enterprise Development Group Co Ltd is the manufacturer of medical polymer products in China. The principal business activities include research and development, production and sales of medical puncture devices. Its product portfolio comprises infusion sets, transfusion sets, medical tubes, medical package material, needle and cannula, medical bags and medical kits.

Executives

Xiang Jian Yong	Directors, senior managers
Gu Jia Jun	Directors, senior managers
Zhang Zeng Hua	Director
Chen Hong Qin	Director
Shen Xiao Ru	senior management
Zhang Wei Xin	Directors, senior managers
Zhang Yong	senior management
Wang Cai Liang	Director

Shanghai Kindly Enterprise Development Group Co Headlines

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