Shenzhen King Explorer Science And Technology (SZSE:002917) ROCE % : 10.81% (As of Sep. 2024)

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What is Shenzhen King Explorer Science And Technology 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 King Explorer Science And Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.81%.

Shenzhen King Explorer Science And Technology ROCE % Historical Data

The historical data trend for Shenzhen King Explorer Science And Technology'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 King Explorer Science And Technology ROCE % Chart

Shenzhen King Explorer Science And Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.31

10.41

4.81

0.81

7.71

Shenzhen King Explorer Science And Technology 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															10.77	4.71	5.52	16.80	10.81

Shenzhen King Explorer Science And Technology ROCE % Calculation

Shenzhen King Explorer Science And Technology'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 )
	=	144.414	/	( ( (3060.678 - 1166.843)	+	(3167.657 - 1313.944) )	/ 2 )
	=	144.414	/	( (1893.835	+	1853.713)	/ 2 )
	=	144.414	/	1873.774
	=	7.71 %

Shenzhen King Explorer Science And Technology'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 )
	=	211.932	/	( ( (3174.952 - 1208.435)	+	(3059.148 - 1104.055) )	/ 2 )
	=	211.932	/	( ( 1966.517	+	1955.093 )	/ 2 )
	=	211.932	/	1960.805
	=	10.81 %

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

Shenzhen King Explorer Science And Technology (SZSE:002917) 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 King Explorer Science And Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen King Explorer Science And Technology Corp (SZSE:002917) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room No. 3, Building R2-A, Nanshan High-Tech Industrial Park, South Area, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.kingexplorer.com

Shenzhen King Explorer Science And Technology Corp engages in the research, development, design, manufacture, and sale of intelligent equipment systems to civil explosive production companies and blasting service companies in the People's Republic of China and internationally. It offers industrial explosive and detonator production lines, mobile and ground bulk emulsion modules, bulk trucks for emulsion, portable underground charging units, and underground chargers. The products of the company include Industrial Explosives Dynamic Monitoring System, Anti-Explosion Products and Special Equipment for Explosives Production.

Executives

Ming Jing Gu	Director
Li Hui	Supervisors
Zhou Xiao Xi	Executives

Shenzhen King Explorer Science And Technology Headlines

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