Hangzhou Kaierda Welding Robot Co (SHSE:688255) ROCE % : 4.88% (As of Mar. 2024)

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What is Hangzhou Kaierda Welding Robot 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. Hangzhou Kaierda Welding Robot Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.88%.

Hangzhou Kaierda Welding Robot Co ROCE % Historical Data

The historical data trend for Hangzhou Kaierda Welding Robot 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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Hangzhou Kaierda Welding Robot Co ROCE % Chart

Hangzhou Kaierda Welding Robot Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.37

41.34

10.03

3.50

0.95

Hangzhou Kaierda Welding Robot Co Quarterly Data
	Dec17	Dec18	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															2.03	-0.73	0.02	2.44	4.88

Hangzhou Kaierda Welding Robot Co ROCE % Calculation

Hangzhou Kaierda Welding Robot 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 )
	=	10.348	/	( ( (1210.407 - 93.608)	+	(1219.684 - 154.133) )	/ 2 )
	=	10.348	/	( (1116.799	+	1065.551)	/ 2 )
	=	10.348	/	1091.175
	=	0.95 %

Hangzhou Kaierda Welding Robot 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 )
	=	51.012	/	( ( (1219.684 - 154.133)	+	(1207.633 - 182.485) )	/ 2 )
	=	51.012	/	( ( 1065.551	+	1025.148 )	/ 2 )
	=	51.012	/	1045.3495
	=	4.88 %

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

Hangzhou Kaierda Welding Robot Co (SHSE:688255) 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.

Hangzhou Kaierda Welding Robot Co ROCE % Related Terms

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Hangzhou Kaierda Welding Robot Co (SHSE:688255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Kaierda Welding Robot Co Ltd (SHSE:688255) » Definitions » ROCE %

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Address

No.778, Changming Road, Xiaoshan Economic and Technological Development Zone, Xiaoshan District, Zhejiang Provinc, Hangzhou, CHN, 311232

Website

http://www.kaierda.cn

Hangzhou Kaierda Welding Robot Co Ltd is engaged in providing welding robots and industrial welding equipment. The company's products are widely used in automobiles, motorcycles, engineering machinery, metal furniture, hardware products, medical equipment, fitness equipment and other industries.

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