Joy Kie (SZSE:300994) ROCE % : 9.37% (As of Mar. 2024)

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What is Joy Kie 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. Joy Kie's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.37%.

Joy Kie ROCE % Historical Data

The historical data trend for Joy Kie'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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Joy Kie ROCE % Chart

Joy Kie Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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53.21

47.75

32.91

19.09

10.71

Joy Kie Quarterly Data
	Dec18	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															7.89	13.85	17.17	4.76	9.37

Joy Kie ROCE % Calculation

Joy Kie'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 )
	=	126.933	/	( ( (1738.685 - 555.887)	+	(1760.505 - 573.406) )	/ 2 )
	=	126.933	/	( (1182.798	+	1187.099)	/ 2 )
	=	126.933	/	1184.9485
	=	10.71 %

Joy Kie'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 )
	=	112.384	/	( ( (1760.505 - 573.406)	+	(1754.402 - 541.981) )	/ 2 )
	=	112.384	/	( ( 1187.099	+	1212.421 )	/ 2 )
	=	112.384	/	1199.76
	=	9.37 %

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

Joy Kie (SZSE:300994) 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.

Joy Kie ROCE % Related Terms

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Joy Kie (SZSE:300994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Joy Kie Corp Ltd (SZSE:300994) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.509 Qingtai Street, 8th Floor, Fuchun Building, Shangcheng District, hejiang Province, Hangzhou, CHN, 310002

Website

https://www.joykie.com

Joy Kie Corp Ltd is engaged in the design, research and development, production and sales of complete bicycles and their parts and related derivative products.

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