Kengic Intelligent Technology Co (SHSE:688455) ROCE % : -16.81% (As of Mar. 2024)

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What is Kengic Intelligent Technology 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. Kengic Intelligent Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.81%.

Kengic Intelligent Technology Co ROCE % Historical Data

The historical data trend for Kengic Intelligent Technology 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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Kengic Intelligent Technology Co ROCE % Chart

Kengic Intelligent Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.53

44.58

32.70

12.02

-7.63

Kengic Intelligent Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-14.86	0.06	-7.74	-7.98	-16.81

Kengic Intelligent Technology Co ROCE % Calculation

Kengic Intelligent Technology 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 )
	=	-98.138	/	( ( (2525.125 - 1182.145)	+	(2639.279 - 1410.492) )	/ 2 )
	=	-98.138	/	( (1342.98	+	1228.787)	/ 2 )
	=	-98.138	/	1285.8835
	=	-7.63 %

Kengic Intelligent Technology 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 )
	=	-202.124	/	( ( (2639.279 - 1410.492)	+	(2669.977 - 1493.327) )	/ 2 )
	=	-202.124	/	( ( 1228.787	+	1176.65 )	/ 2 )
	=	-202.124	/	1202.7185
	=	-16.81 %

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

Kengic Intelligent Technology Co (SHSE:688455) 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.

Kengic Intelligent Technology Co ROCE % Related Terms

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Kengic Intelligent Technology Co (SHSE:688455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kengic Intelligent Technology Co Ltd (SHSE:688455) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Jinye Road, High-tech Zone, Shandong Province, Qingdao, CHN, 266111

Website

https://www.kengic.com

Kengic Intelligent Technology Co Ltd is a provider of intelligent logistics and intelligent manufacturing solutions with its own core technologies and products. The company's business covers digital system consulting, program planning, integrated design, equipment development, software research and development, on-site implementation and continuous after-sales service and other one-stop high-end services for the entire industry chain.

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