Zhejiang Kangsheng Co (SZSE:002418) ROCE % : 2.60% (As of Mar. 2024)

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What is Zhejiang Kangsheng 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. Zhejiang Kangsheng Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.60%.

Zhejiang Kangsheng Co ROCE % Historical Data

The historical data trend for Zhejiang Kangsheng 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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Zhejiang Kangsheng Co ROCE % Chart

Zhejiang Kangsheng Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-30.36

7.43

5.10

4.00

3.47

Zhejiang Kangsheng 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															5.12	6.35	4.77	-2.58	2.60

Zhejiang Kangsheng Co ROCE % Calculation

Zhejiang Kangsheng 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 )
	=	57.909	/	( ( (3180.085 - 1522.286)	+	(2648.528 - 968.606) )	/ 2 )
	=	57.909	/	( (1657.799	+	1679.922)	/ 2 )
	=	57.909	/	1668.8605
	=	3.47 %

Zhejiang Kangsheng 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 )
	=	43.788	/	( ( (2648.528 - 968.606)	+	(2563.865 - 881.59) )	/ 2 )
	=	43.788	/	( ( 1679.922	+	1682.275 )	/ 2 )
	=	43.788	/	1681.0985
	=	2.60 %

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

Zhejiang Kangsheng Co (SZSE:002418) 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.

Zhejiang Kangsheng Co ROCE % Related Terms

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Zhejiang Kangsheng Co (SZSE:002418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Kangsheng Co Ltd (SZSE:002418) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.268 Kangsheng Road, Qiandaohu Town, Chun'an County, Zhejiang Province, Hangzhou, CHN, 311700

Website

http://www.kasun.cn

Zhejiang Kangsheng Co Ltd is a manufacturer of appliance refrigeration system piping. The company manufactures and sells internally threaded steel pipes, precision copper pipes, steel pipes, aluminum pipes, cold-rolled steel strips, copper strips, refrigerators, freezers, air-conditioning metal pipes and their accessories.

Executives

Chen Han Kang	Secretary, Director
Zhou Jing Chun	Directors, executives
Wang Li Na	Securities Affairs Representative
Huo Du Fang	Independent director
Chen Wei Zhi	Director
Fang Guang You	Supervisors

Zhejiang Kangsheng Co (SZSE:002418) Headlines

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