Jiangmen Kanhoo Industry Co (SZSE:300340) ROCE % : -28.51% (As of Sep. 2024)

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What is Jiangmen Kanhoo 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. Jiangmen Kanhoo Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -28.51%.

Jiangmen Kanhoo Industry Co ROCE % Historical Data

The historical data trend for Jiangmen Kanhoo 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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Jiangmen Kanhoo Industry Co ROCE % Chart

Jiangmen Kanhoo Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.64

-62.55

7.21

-53.16

-58.67

Jiangmen Kanhoo 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															-54.66	-217.49	0.77	-21.78	-28.51

Jiangmen Kanhoo Industry Co ROCE % Calculation

Jiangmen Kanhoo 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 )
	=	-340.607	/	( ( (4241.348 - 3733.642)	+	(3905.006 - 3251.696) )	/ 2 )
	=	-340.607	/	( (507.706	+	653.31)	/ 2 )
	=	-340.607	/	580.508
	=	-58.67 %

Jiangmen Kanhoo 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 )
	=	-138.076	/	( ( (3130.634 - 2539.693)	+	(2786.792 - 2409.007) )	/ 2 )
	=	-138.076	/	( ( 590.941	+	377.785 )	/ 2 )
	=	-138.076	/	484.363
	=	-28.51 %

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

Jiangmen Kanhoo Industry Co (SZSE:300340) 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.

Jiangmen Kanhoo Industry Co ROCE % Related Terms

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Jiangmen Kanhoo Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangmen Kanhoo Industry Co Ltd (SZSE:300340) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, Jiaoxing South Road, Jiaotou Industrial Zone, Jianghai District, Guangdong Province, Jiangmen, CHN, 529040

Website

https://www.keheng.com.cn

Jiangmen Kanhoo Industry Co Ltd is engaged in the manufacturing and distribution of rare earth luminescent materials. It offers lithium cathode materials, color phosphor products, LED phosphor products, catalytic materials, and agricultural conversion films.

Executives

Fan Jiang	Directors, executives
Xu Yu Xiang	Directors, Directors, and Executives
Tang Xiu Lei	Secretary, Director
Wu Juan	Director
Wan Guo Jiang	Directors, executives
Cheng Jian Jun	Director
Yang Chi Bing	Securities Affairs Representative
Wu Jian Hua	Executives
Li Zi Ming	Supervisors
Tang Wei	Directors, executives
Ye Wei Qing	Securities Affairs Representative
Zhu Yong Kang	Director
Hu Xue Fang	Director
Feng Bao Ai	Director
Chen Bo	Director

Jiangmen Kanhoo Industry Co Headlines

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