Hangzhou Kaida Metal Catalyst And Compounds Co (BJSE:830974) ROCE % : 7.40% (As of Mar. 2024)

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What is Hangzhou Kaida Metal Catalyst And Compounds 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. Hangzhou Kaida Metal Catalyst And Compounds Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.40%.

Hangzhou Kaida Metal Catalyst And Compounds Co ROCE % Historical Data

The historical data trend for Hangzhou Kaida Metal Catalyst And Compounds 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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Hangzhou Kaida Metal Catalyst And Compounds Co ROCE % Chart

Hangzhou Kaida Metal Catalyst And Compounds Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.36

30.88

17.00

14.71

0.87

Hangzhou Kaida Metal Catalyst And Compounds Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.53	-17.17	8.84	11.12	7.40

Hangzhou Kaida Metal Catalyst And Compounds Co ROCE % Calculation

Hangzhou Kaida Metal Catalyst And Compounds 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 )
	=	5.334	/	( ( (748.263 - 177.119)	+	(956.413 - 305.082) )	/ 2 )
	=	5.334	/	( (571.144	+	651.331)	/ 2 )
	=	5.334	/	611.2375
	=	0.87 %

Hangzhou Kaida Metal Catalyst And Compounds 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 )
	=	48.376	/	( ( (956.413 - 305.082)	+	(885.146 - 228.886) )	/ 2 )
	=	48.376	/	( ( 651.331	+	656.26 )	/ 2 )
	=	48.376	/	653.7955
	=	7.40 %

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

Hangzhou Kaida Metal Catalyst And Compounds Co (BJSE:830974) 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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Hangzhou Kaida Metal Catalyst And Compounds Co (BJSE:830974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hangzhou Kaida Metal Catalyst And Compounds Co Ltd (BJSE:830974) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 7 Kangqiao Road, Room 101, Gongshu District, Zhejiang Province, Hangzhou City, CHN, 310015

Website

https://www.katal.com.cn

Hangzhou Kaida Metal Catalyst And Compounds Co Ltd engages in research and development, production, and sales of precious metal catalytic materials, and also provides services of precious metal processing and recovery of spent precious metal catalytic materials.

Hangzhou Kaida Metal Catalyst And Compounds Co (BJSE:830974) Headlines

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