Shenzhen Kedali Industry Co (SZSE:002850) ROCE % : 14.01% (As of Sep. 2024)

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What is Shenzhen Kedali Industry 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 Kedali Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.01%.

Shenzhen Kedali Industry Co ROCE % Historical Data

The historical data trend for Shenzhen Kedali Industry 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 Kedali Industry Co ROCE % Chart

Shenzhen Kedali Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.31

6.02

13.70

17.80

14.54

Shenzhen Kedali Industry 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															13.59	15.89	12.03	12.98	14.01

Shenzhen Kedali Industry Co ROCE % Calculation

Shenzhen Kedali Industry 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 )
	=	1452.285	/	( ( (14189.124 - 6519.448)	+	(17222.355 - 4921.341) )	/ 2 )
	=	1452.285	/	( (7669.676	+	12301.014)	/ 2 )
	=	1452.285	/	9985.345
	=	14.54 %

Shenzhen Kedali Industry 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 )
	=	1795.092	/	( ( (17269.73 - 4681.314)	+	(18023.261 - 4979.271) )	/ 2 )
	=	1795.092	/	( ( 12588.416	+	13043.99 )	/ 2 )
	=	1795.092	/	12816.203
	=	14.01 %

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

Shenzhen Kedali Industry Co (SZSE:002850) 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.

Shenzhen Kedali Industry Co ROCE % Related Terms

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Shenzhen Kedali Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Kedali Industry Co Ltd (SZSE:002850) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

North of Huaxing Road, Dalang Street, 3rd Floor, the first building of Zhongjian Industrial Zone, Longhua District, Guangdong, Shenzhen, CHN, 518109

Website

http://www.kedali.com.cn

Shenzhen Kedali Industry Co Ltd is engaged in Research & Development and manufacturing of lithium battery precision structural parts and automotive structural parts.

Executives

Li Jian Li	Director
Shi Hui Feng	Directors, executives
Kong Tian Shu	Executives
Luo Li Jiao	Secretary Dong

Shenzhen Kedali Industry Co Headlines

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