Kinco Automation (Shanghai) Co (SHSE:688160) ROCE % : 4.85% (As of Sep. 2024)

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What is Kinco Automation (Shanghai) 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. Kinco Automation (Shanghai) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.85%.

Kinco Automation (Shanghai) Co ROCE % Historical Data

The historical data trend for Kinco Automation (Shanghai) 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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Kinco Automation (Shanghai) Co ROCE % Chart

Kinco Automation (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.88

19.96

12.82

14.63

8.65

Kinco Automation (Shanghai) 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															6.64	10.02	6.21	6.84	4.85

Kinco Automation (Shanghai) Co ROCE % Calculation

Kinco Automation (Shanghai) 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 )
	=	65.917	/	( ( (897.023 - 150.713)	+	(951.434 - 174.448) )	/ 2 )
	=	65.917	/	( (746.31	+	776.986)	/ 2 )
	=	65.917	/	761.648
	=	8.65 %

Kinco Automation (Shanghai) 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 )
	=	37.708	/	( ( (953.381 - 180.867)	+	(1028.274 - 246.992) )	/ 2 )
	=	37.708	/	( ( 772.514	+	781.282 )	/ 2 )
	=	37.708	/	776.898
	=	4.85 %

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

Kinco Automation (Shanghai) Co (SHSE:688160) 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.

Kinco Automation (Shanghai) Co ROCE % Related Terms

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Kinco Automation (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinco Automation (Shanghai) Co Ltd (SHSE:688160) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shenjiang Road No.5709, Qiuyue Road No.26, Building No.3, Shanghai Pilot Free Trade Zone, Shanghai, CHN, 201210

Website

https://www.kinco.cn

Kinco Automation (Shanghai) Co Ltd is a supplier of Manufacturing Smart Solutions in China. It focuses on the development, production and selling of automation standard products and intelligent hardware products. The company's automation standard products including Human Machine Interface (HMI), Servo System, Stepper System, Programmable Logic Controller (PLC) and Variable Frequency Drive (VFD), among others.

Executives

Chi Jia Wu

Director

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