Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) ROCE % : 7.76% (As of Mar. 2024)

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What is Jiangsu Kangliyuan Sports Tech 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 Kangliyuan Sports Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.76%.

Jiangsu Kangliyuan Sports Tech Co ROCE % Historical Data

The historical data trend for Jiangsu Kangliyuan Sports Tech 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 Kangliyuan Sports Tech Co ROCE % Chart

Jiangsu Kangliyuan Sports Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.97

57.08

33.57

22.68

14.21

Jiangsu Kangliyuan Sports Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										19.75	30.87	4.71	4.96	7.76

Jiangsu Kangliyuan Sports Tech Co ROCE % Calculation

Jiangsu Kangliyuan Sports Tech 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 )
	=	115.751	/	( ( (707.578 - 213.411)	+	(1418.345 - 282.853) )	/ 2 )
	=	115.751	/	( (494.167	+	1135.492)	/ 2 )
	=	115.751	/	814.8295
	=	14.21 %

Jiangsu Kangliyuan Sports Tech Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	88.872	/	( ( (1418.345 - 282.853)	+	(1441.753 - 288.098) )	/ 2 )
	=	88.872	/	( ( 1135.492	+	1153.655 )	/ 2 )
	=	88.872	/	1144.5735
	=	7.76 %

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

Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) 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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Jiangsu Kangliyuan Sports Tech Co (SZSE:301287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Kangliyuan Sports Tech Co Ltd (SZSE:301287) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North side of Binhu Avenue, High-tech Industrial Park, Paoche Sub-district Office, Jiangsu, Pizhou, CHN, 221327

Website

http://www.junxia.net

Jiangsu Kangliyuan Sports Tech Co Ltd is engaged in research & development, manufacturing, and sales of Multi-series, differentiated and customized fitness equipment. The company's main products cover seven series, including treadmills, fitness bikes, strength trainers, free weight trainer, outdoor paths and group activity equipment. Its products reach more than 100 kinds.

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