Shenzhen Kaizhong Precision Technology Co (SZSE:002823) ROCE % : 9.52% (As of Sep. 2024)

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What is Shenzhen Kaizhong Precision Technology 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. Shenzhen Kaizhong Precision Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.52%.

Shenzhen Kaizhong Precision Technology Co ROCE % Historical Data

The historical data trend for Shenzhen Kaizhong Precision Technology 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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Shenzhen Kaizhong Precision Technology Co ROCE % Chart

Shenzhen Kaizhong Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.04

6.62

3.17

3.98

6.93

Shenzhen Kaizhong Precision Technology 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															9.93	9.67	8.66	14.91	9.52

Shenzhen Kaizhong Precision Technology Co ROCE % Calculation

Shenzhen Kaizhong Precision Technology 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 )
	=	151.842	/	( ( (3709.588 - 1355.822)	+	(3828.236 - 1802.202) )	/ 2 )
	=	151.842	/	( (2353.766	+	2026.034)	/ 2 )
	=	151.842	/	2189.9
	=	6.93 %

Shenzhen Kaizhong Precision Technology 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 )
	=	219.724	/	( ( (3702.066 - 1561.762)	+	(3641.054 - 1165.638) )	/ 2 )
	=	219.724	/	( ( 2140.304	+	2475.416 )	/ 2 )
	=	219.724	/	2307.86
	=	9.52 %

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

Shenzhen Kaizhong Precision Technology Co (SZSE:002823) 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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Shenzhen Kaizhong Precision Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Kaizhong Precision Technology Co Ltd (SZSE:002823) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 1, Planning 4th Road, Longtian Street, Pingshan District, Guangdong Province, Shenzhen, CHN, 518118

Website

https://www.kaizhong.com

Shenzhen Kaizhong Precision Technology Co Ltd operates in the Chinese commutator industry. The company is specialized in the research and development and production of various types of quality commutators, slip rings, connectors, battery accessories, lightweight parts, high-strength and elastic parts, multi-layer insulated wires and other core precision parts for motor and electrical control system. Its products are widely applied in automotive, aerospace, household appliances, power tools and medical devices.

Executives

Chen Lei	Executives
Ma Chao Meng	Executives
Wu Qi	Directors, executives
Wu Ying	Director
Deng Gui Bing	Executives
Zhang Hao Yu	Directors, executives
Wu Quan Hong	Executives
Yu Xiao Yun	Director

Shenzhen Kaizhong Precision Technology Co Headlines

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