Jiangsu Kuangshun Photosensitivity New-Material Stock Co (SZSE:300537) ROCE % : 4.98% (As of Sep. 2024)

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What is Jiangsu Kuangshun Photosensitivity New-Material Stock 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. Jiangsu Kuangshun Photosensitivity New-Material Stock Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.98%.

Jiangsu Kuangshun Photosensitivity New-Material Stock Co ROCE % Historical Data

The historical data trend for Jiangsu Kuangshun Photosensitivity New-Material Stock 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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Jiangsu Kuangshun Photosensitivity New-Material Stock Co ROCE % Chart

Jiangsu Kuangshun Photosensitivity New-Material Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.47

-16.30

-44.96

-4.86

2.21

Jiangsu Kuangshun Photosensitivity New-Material Stock 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															11.67	-15.90	10.36	7.78	4.98

Jiangsu Kuangshun Photosensitivity New-Material Stock Co ROCE % Calculation

Jiangsu Kuangshun Photosensitivity New-Material Stock 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 )
	=	16.758	/	( ( (1243.492 - 518.462)	+	(1264.441 - 470.295) )	/ 2 )
	=	16.758	/	( (725.03	+	794.146)	/ 2 )
	=	16.758	/	759.588
	=	2.21 %

Jiangsu Kuangshun Photosensitivity New-Material Stock 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 )
	=	41.308	/	( ( (1162.07 - 340.605)	+	(1170.115 - 333.938) )	/ 2 )
	=	41.308	/	( ( 821.465	+	836.177 )	/ 2 )
	=	41.308	/	828.821
	=	4.98 %

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

Jiangsu Kuangshun Photosensitivity New-Material Stock Co (SZSE:300537) 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.

Jiangsu Kuangshun Photosensitivity New-Material Stock Co ROCE % Related Terms

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Jiangsu Kuangshun Photosensitivity New-Material Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Kuangshun Photosensitivity New-Material Stock Co Ltd (SZSE:300537) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huacheng Road No.18, Qinyang Town Industrial Concentration Area, Jiangsu, Jiangyin, CHN, 214401

Website

http://www.kuangshun.com

Jiangsu Kuangshun Photosensitivity New-Material Stock Co Ltd is engaged in the development and production of photosensitive new materials in China. Its products portfolio includes Liquid photoimageable solder mask, UV curable solder mask, and UV curable marking ink.

Executives

Tan Cai Yun	Supervisors
Mao Jin Qiao	Director
Zhang Qi Bin	Directors, Directors, and Executives
Li You Ming	Directors, executives
Chen Chao Lan	Director
Zhu Min	Director
Liu Bin	Executives
Zhou Ya Song	Executives
Ceng Yan Yun	Director

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