Guangdong Kingstrong Technology Co (SZSE:300629) ROCE % : 11.51% (As of Mar. 2024)

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What is Guangdong Kingstrong 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. Guangdong Kingstrong Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.51%.

Guangdong Kingstrong Technology Co ROCE % Historical Data

The historical data trend for Guangdong Kingstrong 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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Guangdong Kingstrong Technology Co ROCE % Chart

Guangdong Kingstrong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.08

6.88

10.67

12.46

11.37

Guangdong Kingstrong Technology 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															12.93	14.35	11.46	10.36	11.51

Guangdong Kingstrong Technology Co ROCE % Calculation

Guangdong Kingstrong 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 )
	=	176.033	/	( ( (1471.999 - 163.288)	+	(1962.396 - 175.212) )	/ 2 )
	=	176.033	/	( (1308.711	+	1787.184)	/ 2 )
	=	176.033	/	1547.9475
	=	11.37 %

Guangdong Kingstrong 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 )
	=	207.648	/	( ( (1962.396 - 175.212)	+	(1986.566 - 165.175) )	/ 2 )
	=	207.648	/	( ( 1787.184	+	1821.391 )	/ 2 )
	=	207.648	/	1804.2875
	=	11.51 %

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

Guangdong Kingstrong Technology Co (SZSE:300629) 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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Guangdong Kingstrong Technology Co (SZSE:300629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Kingstrong Technology Co Ltd (SZSE:300629) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Bo Jin Road, Wujin Industirial Zone, Danzao town, Office Building and Workshop, Nanhai district, Guangdong, Foshan, CHN, 528216

Website

http://www.king-strong.com

King-Strong New Material Technology Co Ltd is a Chinese company engaged in offering superhard material products, electromagnetism, powder-metallurgy material and carbides coated composite products. The products have applications in the industry of ceramics, mine, construction, building materials, metallurgy, electricity, refractory material and military industry. The organization sells its products in China, and also exports it to the other countries. The product portfolio of the company includes diamond roller, diamond roller integrated, cylindrical wheel, and soft polishing resin sheet, among others.

Executives

Wang Gang	Directors, executives
Wen Jun	Director
Zhang Tian Rong	Directors, executives
Dong Xue You	Directors, executives
Peng Bo	Director
Luo Hai Yan	Executives
Wang Zhen Ming	Directors, executives
Kuang Tong Chun	Independent director
Hu Qun Mei	Supervisors

Guangdong Kingstrong Technology Co (SZSE:300629) Headlines

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