Kasen International Holdings (HKSE:00496) ROCE % : 4.94% (As of Dec. 2023)

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What is Kasen International Holdings 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. Kasen International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.94%.

Kasen International Holdings ROCE % Historical Data

The historical data trend for Kasen International Holdings'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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Kasen International Holdings ROCE % Chart

Kasen International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.80

5.56

9.55

3.11

3.53

Kasen International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.27	1.87	4.46	2.16	4.94

Kasen International Holdings ROCE % Calculation

Kasen International Holdings'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 )
	=	167.717	/	( ( (6501.185 - 1684.79)	+	(6543.836 - 1860.823) )	/ 2 )
	=	167.717	/	( (4816.395	+	4683.013)	/ 2 )
	=	167.717	/	4749.704
	=	3.53 %

Kasen International Holdings'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	232.444	/	( ( (6283.295 - 1558.307)	+	(6543.836 - 1860.823) )	/ 2 )
	=	232.444	/	( ( 4724.988	+	4683.013 )	/ 2 )
	=	232.444	/	4704.0005
	=	4.94 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Kasen International Holdings (HKSE:00496) 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.

Kasen International Holdings ROCE % Related Terms

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Kasen International Holdings (HKSE:00496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kasen International Holdings Ltd (HKSE:00496) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 236, Haizhou Road West, Building 1, Zhejiang Province, Haining, CHN, 314400

Website

https://www.kasen.com.cn

Kasen International Holdings Ltd is an investment holding company. It has three segments namely Manufacturing and trading of Upholstered Furniture, Property Development, and Others. It generates maximum revenue from the Property Development segment. Geographically, it derives maximum revenue from China including Hong Kong, and also has a presence in the United States, Europe, and Other countries.

Executives

Team Ease Limited	2101 Beneficial owner
Xu Helin	2201 Interest of corporation controlled by you
Joyview Enterprises Limited
Prosperity And Wealth Limited
Chen Dianer	2201 Interest of corporation controlled by you
Zhu Zhangjin

Kasen International Holdings (HKSE:00496) Headlines

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