Kingchem (Liaoning) Life Science Co (SZSE:301509) ROCE % : 2.60% (As of Jun. 2024)

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What is Kingchem (Liaoning) Life Science 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. Kingchem (Liaoning) Life Science Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.60%.

Kingchem (Liaoning) Life Science Co ROCE % Historical Data

The historical data trend for Kingchem (Liaoning) Life Science 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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Kingchem (Liaoning) Life Science Co ROCE % Chart

Kingchem (Liaoning) Life Science Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.53

15.92

15.72

23.13

13.11

Kingchem (Liaoning) Life Science Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial										30.94	9.92	6.81	3.66	2.60

Kingchem (Liaoning) Life Science Co ROCE % Calculation

Kingchem (Liaoning) Life Science 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 )
	=	205.609	/	( ( (1209.998 - 264.055)	+	(2310.636 - 120.866) )	/ 2 )
	=	205.609	/	( (945.943	+	2189.77)	/ 2 )
	=	205.609	/	1567.8565
	=	13.11 %

Kingchem (Liaoning) Life Science Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	56.784	/	( ( (2295.076 - 86.479)	+	(2283.809 - 125.973) )	/ 2 )
	=	56.784	/	( ( 2208.597	+	2157.836 )	/ 2 )
	=	56.784	/	2183.2165
	=	2.60 %

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

Kingchem (Liaoning) Life Science Co (SZSE:301509) 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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Kingchem (Liaoning) Life Science Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Kingchem (Liaoning) Life Science Co Ltd (SZSE:301509) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 6, Anren Road, Fluorine Chemical Industry Park, Yimatu Town, Fumeng, Liaoning, Fuxin, CHN, 123000

Website

https://www.kingchemchina.com

Kingchem (Liaoning) Life Science Co Ltd is engaged in Customized research & development and production services for small molecule drug intermediates and a small amount of raw materials. It is a key manufacturer of fluoro-organic compounds in China and is capable of using HF, KF, and highly selective fluorinating agents at a commercial scale.

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