Suzhou Kematek (SZSE:301611) ROCE % : 26.82% (As of Sep. 2024)

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What is Suzhou Kematek 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. Suzhou Kematek's annualized ROCE % for the quarter that ended in Sep. 2024 was 26.82%.

Suzhou Kematek ROCE % Historical Data

The historical data trend for Suzhou Kematek'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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Suzhou Kematek ROCE % Chart

Suzhou Kematek Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

12.11

32.49

20.40

14.92

9.57

Suzhou Kematek Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									-	8.63	20.19	36.58	26.82

Suzhou Kematek ROCE % Calculation

Suzhou Kematek'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 )
	=	85.978	/	( ( (1021.525 - 204.546)	+	(1349.788 - 370.406) )	/ 2 )
	=	85.978	/	( (816.979	+	979.382)	/ 2 )
	=	85.978	/	898.1805
	=	9.57 %

Suzhou Kematek'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 )
	=	398.816	/	( ( (1605.419 - 402.472)	+	(2172.097 - 400.95) )	/ 2 )
	=	398.816	/	( ( 1202.947	+	1771.147 )	/ 2 )
	=	398.816	/	1487.047
	=	26.82 %

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

Suzhou Kematek (SZSE:301611) 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.

Suzhou Kematek ROCE % Related Terms

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Suzhou Kematek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Kematek Inc (SZSE:301611) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

58, Lijiang Road, No. 6, No. 58, Suzhou High-tech Zone, Jiangsu Province, Suzhou, CHN, 215163

Website

https://www.kematek.com

Suzhou Kematek Inc is engaged in research and development, sales, and services of advanced ceramic material components and surface treatment services for semiconductor equipment.

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