Xuchang KETOP Testing Research Institute Co (SZSE:003008) ROCE % : 7.16% (As of Mar. 2024)

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What is Xuchang KETOP Testing Research Institute 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. Xuchang KETOP Testing Research Institute Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.16%.

Xuchang KETOP Testing Research Institute Co ROCE % Historical Data

The historical data trend for Xuchang KETOP Testing Research Institute 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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Xuchang KETOP Testing Research Institute Co ROCE % Chart

Xuchang KETOP Testing Research Institute Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.72

11.53

7.42

7.81

7.98

Xuchang KETOP Testing Research Institute 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															7.51	7.34	7.11	10.04	7.16

Xuchang KETOP Testing Research Institute Co ROCE % Calculation

Xuchang KETOP Testing Research Institute 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 )
	=	84.694	/	( ( (1139.785 - 87.643)	+	(1155.839 - 84.996) )	/ 2 )
	=	84.694	/	( (1052.142	+	1070.843)	/ 2 )
	=	84.694	/	1061.4925
	=	7.98 %

Xuchang KETOP Testing Research Institute 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 )
	=	77.092	/	( ( (1155.839 - 84.996)	+	(1146.72 - 63.039) )	/ 2 )
	=	77.092	/	( ( 1070.843	+	1083.681 )	/ 2 )
	=	77.092	/	1077.262
	=	7.16 %

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

Xuchang KETOP Testing Research Institute Co (SZSE:003008) 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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Xuchang KETOP Testing Research Institute Co (SZSE:003008) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Xuchang KETOP Testing Research Institute Co Ltd (SZSE:003008) » Definitions » ROCE %

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Address

Intersection of Weiwu Avenue and Shangde Road, Henan Province, Xuchang, CHN, 461000

Website

http://www.ketop.cn

Xuchang KETOP Testing Research Institute Co Ltd is engaged in provision of power system secondary equipment testing services, other technical services and testing equipment sales. The company provides measurement technology and test method of power system secondary protection equipment, smart micro-grid devices and Electric Vehicle Charging and Battary Swap System to provide authoritative test scheme and service, guaranteeing the quality of products in power system.

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