Shenzhen Kinwong Electronic Co (SHSE:603228) ROCE % : 11.76% (As of Mar. 2024)

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What is Shenzhen Kinwong Electronic 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. Shenzhen Kinwong Electronic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.76%.

Shenzhen Kinwong Electronic Co ROCE % Historical Data

The historical data trend for Shenzhen Kinwong Electronic 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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Shenzhen Kinwong Electronic Co ROCE % Chart

Shenzhen Kinwong Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.54

14.82

11.76

12.36

9.36

Shenzhen Kinwong Electronic Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.05	8.09	11.02	8.42	11.76

Shenzhen Kinwong Electronic Co ROCE % Calculation

Shenzhen Kinwong Electronic 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 )
	=	1086.253	/	( ( (15491.567 - 4691.337)	+	(17230.732 - 4832.078) )	/ 2 )
	=	1086.253	/	( (10800.23	+	12398.654)	/ 2 )
	=	1086.253	/	11599.442
	=	9.36 %

Shenzhen Kinwong Electronic 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 )
	=	1478.212	/	( ( (17230.732 - 4832.078)	+	(17456.623 - 4722.26) )	/ 2 )
	=	1478.212	/	( ( 12398.654	+	12734.363 )	/ 2 )
	=	1478.212	/	12566.5085
	=	11.76 %

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

Shenzhen Kinwong Electronic Co (SHSE:603228) 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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Shenzhen Kinwong Electronic Co (SHSE:603228) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Kinwong Electronic Co Ltd (SHSE:603228) » Definitions » ROCE %

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Address

No.166, Shuiku Road, Tiegang Village, Xixiang Town, Baoan District, Shenzhen, CHN, 518102

Website

http://www.kinwong.com

Shenzhen Kinwong Electronic Co Ltd is engaged in manufacturing and sale of Printed Circuit Boards (PCB). The group offers multi-layer PCB and flexible PCB. The products of the company are applied in consumer electronics, automotive, controller and equipment, network telecommunication and IT & PC peripheral. The firm has built a strategic partnership with global top brands such as Microsoft, Hitachi, Sanyo, Foxconn, Emerson, Honeywell, Logitech, and so on. Geographically operates through the Chinese market.

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