Changzhou Kaidi Electrical (SHSE:605288) ROCE % : 3.34% (As of Sep. 2024)

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What is Changzhou Kaidi Electrical 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. Changzhou Kaidi Electrical's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.34%.

Changzhou Kaidi Electrical ROCE % Historical Data

The historical data trend for Changzhou Kaidi Electrical'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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Changzhou Kaidi Electrical ROCE % Chart

Changzhou Kaidi Electrical Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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41.14

15.15

6.53

2.81

6.00

Changzhou Kaidi Electrical 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															8.23	4.27	4.15	6.91	3.34

Changzhou Kaidi Electrical ROCE % Calculation

Changzhou Kaidi Electrical'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 )
	=	130.62	/	( ( (2497.961 - 367.828)	+	(2680.282 - 453.573) )	/ 2 )
	=	130.62	/	( (2130.133	+	2226.709)	/ 2 )
	=	130.62	/	2178.421
	=	6.00 %

Changzhou Kaidi Electrical'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 )
	=	75.412	/	( ( (2763.18 - 518.034)	+	(2776.431 - 512.62) )	/ 2 )
	=	75.412	/	( ( 2245.146	+	2263.811 )	/ 2 )
	=	75.412	/	2254.4785
	=	3.34 %

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

Changzhou Kaidi Electrical (SHSE:605288) 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.

Changzhou Kaidi Electrical ROCE % Related Terms

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Changzhou Kaidi Electrical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Kaidi Electrical Inc (SHSE:605288) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2, Hengcui Road, Jiangcun Village, Henglin Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213101

Website

http://www.czkaidi.cn

Changzhou Kaidi Electrical Inc is engaged in production and sales of linear drive system products. The company develops linear drive systems, product development, manufacturing, and domestic and international marketing. It provides linear drive system products in the fields of medical care, auto parts, among others.

Executives

Yao Bu Tang	senior management
Lu Xiao Bo	Directors, senior managers
Zhou Rong Qing	Directors, senior managers
Yan Guo Hong	senior management
Zhou Lin Yu	Director
Zhou Shu Cheng	Directors, senior managers
Chen Xu Pei	senior management
Zhou Yan Qin	senior management

Changzhou Kaidi Electrical Headlines

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