Zhejiang Jinfei Kaida Wheel Co (SZSE:002863) ROCE % : 6.68% (As of Mar. 2024)

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What is Zhejiang Jinfei Kaida Wheel 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 Jinfei Kaida Wheel Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.68%.

Zhejiang Jinfei Kaida Wheel Co ROCE % Historical Data

The historical data trend for Zhejiang Jinfei Kaida Wheel 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 Jinfei Kaida Wheel Co ROCE % Chart

Zhejiang Jinfei Kaida Wheel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.44

10.39

10.95

9.34

6.27

Zhejiang Jinfei Kaida Wheel 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															7.81	6.51	6.33	5.58	6.68

Zhejiang Jinfei Kaida Wheel Co ROCE % Calculation

Zhejiang Jinfei Kaida Wheel 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 )
	=	219.937	/	( ( (6449.775 - 3370.525)	+	(7347.134 - 3406.76) )	/ 2 )
	=	219.937	/	( (3079.25	+	3940.374)	/ 2 )
	=	219.937	/	3509.812
	=	6.27 %

Zhejiang Jinfei Kaida Wheel 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 )
	=	255.696	/	( ( (7347.134 - 3406.76)	+	(7531.918 - 3818.978) )	/ 2 )
	=	255.696	/	( ( 3940.374	+	3712.94 )	/ 2 )
	=	255.696	/	3826.657
	=	6.68 %

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

Zhejiang Jinfei Kaida Wheel Co (SZSE:002863) 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 Jinfei Kaida Wheel Co ROCE % Related Terms

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Zhejiang Jinfei Kaida Wheel Co (SZSE:002863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Jinfei Kaida Wheel Co Ltd (SZSE:002863) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

800 Xianhua South Street, Jinhua Industrial Park, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.jfkd.com.cn

Zhejiang Jinfei Kaida Wheel Co Ltd is a Chinese aluminium alloy auto wheel manufacturer. Its manufactures motorcycle wheels, automobile wheels, bicycle rims, motorcycle rims, and e-motorcycle wheels. The company's products cover varieties of coating wheel, bright sliver wheel, bright black wheel, and vacuum evaporation wheel, electroplating wheel and hardcover wheel. It sells its products in China, and also exports it to various other countries including USA, Japan, UK, Southeast Asia and Middle East.

Executives

Yi Chang Ying	Supervisors
Lou Guo Xing	Executives
Yang Zhi Cheng	Executives

Zhejiang Jinfei Kaida Wheel Co (SZSE:002863) Headlines

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