Kingnet Network Co (SZSE:002517) ROCE % : 32.31% (As of Mar. 2024)

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What is Kingnet Network 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. Kingnet Network Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.31%.

Kingnet Network Co ROCE % Historical Data

The historical data trend for Kingnet Network 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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Kingnet Network Co ROCE % Chart

Kingnet Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-43.09

8.28

27.24

33.02

34.52

Kingnet Network 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															32.67	40.21	30.22	33.53	32.31

Kingnet Network Co ROCE % Calculation

Kingnet Network 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 )
	=	1698.601	/	( ( (5780.954 - 1201.155)	+	(6610.37 - 1349.662) )	/ 2 )
	=	1698.601	/	( (4579.799	+	5260.708)	/ 2 )
	=	1698.601	/	4920.2535
	=	34.52 %

Kingnet Network 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 )
	=	1770.552	/	( ( (6610.37 - 1349.662)	+	(7211.733 - 1514.112) )	/ 2 )
	=	1770.552	/	( ( 5260.708	+	5697.621 )	/ 2 )
	=	1770.552	/	5479.1645
	=	32.31 %

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

Kingnet Network Co (SZSE:002517) 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.

Kingnet Network Co ROCE % Related Terms

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Kingnet Network Co (SZSE:002517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kingnet Network Co Ltd (SZSE:002517) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2388, Chenhang Highway, Building 3, Pujiang High-tech Plaza, Minhang District, Shanghai, CHN, 201114

Website

https://www.kingnet.com

Kingnet Network Co Ltd is a Chinese-based online game company. The company's main business covers research and development as well as the operation and publishing of quality entertainment content, including mobile games, web games, and PC games. It also engages in the operation of web game platforms and mobile app distribution platforms.

Executives

Jin Feng	Director
Qian Jun Fa	Directors, executives
Lin Bin	Executives
Tang Yue	Executives
Shen Jun	Directors, executives
Zhao Fan	Directors, executives
Huang Zhen Feng	Executives
Liu Hong Lin	Secretary Dong
Shen Liang	Directors, executives
Chen Yong Cong	Directors, executives
Fan Bo	Executives
Qin Wei	Supervisors
Ning Bing Yang	Executives
Wang Yue	Directors, executives
Feng Xian Chao	Directors, executives

Kingnet Network Co (SZSE:002517) Headlines

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