Hebei Keli Automobile Equipment Co (SZSE:301552) ROCE % : 18.34% (As of Sep. 2024)

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What is Hebei Keli Automobile Equipment 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. Hebei Keli Automobile Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.34%.

Hebei Keli Automobile Equipment Co ROCE % Historical Data

The historical data trend for Hebei Keli Automobile Equipment 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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Hebei Keli Automobile Equipment Co ROCE % Chart

Hebei Keli Automobile Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

20.66

24.39

27.12

38.39

33.98

Hebei Keli Automobile Equipment Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									27.65	40.85	28.65	35.31	18.34

Hebei Keli Automobile Equipment Co ROCE % Calculation

Hebei Keli Automobile Equipment 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 )
	=	165.192	/	( ( (470.631 - 53.062)	+	(626.321 - 71.671) )	/ 2 )
	=	165.192	/	( (417.569	+	554.65)	/ 2 )
	=	165.192	/	486.1095
	=	33.98 %

Hebei Keli Automobile Equipment 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 )
	=	161.764	/	( ( (732.607 - 95.096)	+	(1293.077 - 166.833) )	/ 2 )
	=	161.764	/	( ( 637.511	+	1126.244 )	/ 2 )
	=	161.764	/	881.8775
	=	18.34 %

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

Hebei Keli Automobile Equipment Co (SZSE:301552) 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.

Hebei Keli Automobile Equipment Co ROCE % Related Terms

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Hebei Keli Automobile Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hebei Keli Automobile Equipment Co Ltd (SZSE:301552) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tianmahu Road, No. 12, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066000

Website

http://www.klear.com.cn

Hebei Keli Automobile Equipment Co Ltd is engaged in research and development, production and sales of automotive glass assembly components. Its product include Windshield Glass Installation Components, Side Window Glass Lifter Components, Quarter Window Glass Assembly Components and Other Components. The company products are widely used in BMW, Mercedes-Benz, Audi, GM, Volkswagen, TOYOTA, HONDA, NISSAN, Mitsubishi Motors, Ford, Chrysler, Volvo, Hongqi, Geely, GWM, BYD, GAC, CHANGAN, Chery, Hyundai, Kia, Peugeot, Citroen and other traditional automotive brands, also in new energy vehicle brands like Tesla, NIO, Li Auto, XPENG, NETA, WELTMEISTER, LEAPMOTOR, etc.

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