Kent Industrial Co (TPE:6606) ROCE % : 8.61% (As of Dec. 2023)

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What is Kent Industrial 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. Kent Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.61%.

Kent Industrial Co ROCE % Historical Data

The historical data trend for Kent Industrial 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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Kent Industrial Co ROCE % Chart

Kent Industrial Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.55

35.58

13.44

12.19

10.11

Kent Industrial Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												12.57	9.34	11.05	10.55	8.61

Kent Industrial Co ROCE % Calculation

Kent Industrial 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 )
	=	181.443	/	( ( (2150.297 - 414.667)	+	(2167.45 - 315.188) )	/ 2 )
	=	181.443	/	( (1735.63	+	1852.262)	/ 2 )
	=	181.443	/	1793.946
	=	10.11 %

Kent Industrial Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	159.796	/	( ( (2192.092 - 331.484)	+	(2167.45 - 315.188) )	/ 2 )
	=	159.796	/	( ( 1860.608	+	1852.262 )	/ 2 )
	=	159.796	/	1856.435
	=	8.61 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Kent Industrial Co (TPE:6606) 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.

Kent Industrial Co ROCE % Related Terms

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Kent Industrial Co (TPE:6606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kent Industrial Co Ltd (TPE:6606) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13/F, No. 27, Lane 61, Sec. 1, Guangfu Rd., San Chong, TWN

Website

https://www.kentind.com

Kent Industrial Co Ltd is engaged in the design, manufacture, and sale of various precision mechanical work machines, tool steel dies, etc. The products of the company include different surface grinders and machines. The company generates maximum revenue from Mainland China.

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