Shenzhen Kingdom Sci-tech Co (SHSE:600446) ROCE % : -8.84% (As of Mar. 2024)

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What is Shenzhen Kingdom Sci-tech 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. Shenzhen Kingdom Sci-tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.84%.

Shenzhen Kingdom Sci-tech Co ROCE % Historical Data

The historical data trend for Shenzhen Kingdom Sci-tech 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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Shenzhen Kingdom Sci-tech Co ROCE % Chart

Shenzhen Kingdom Sci-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.78

16.02

10.55

8.68

10.00

Shenzhen Kingdom Sci-tech 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															-7.71	14.77	-2.43	36.40	-8.84

Shenzhen Kingdom Sci-tech Co ROCE % Calculation

Shenzhen Kingdom Sci-tech 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 )
	=	400.004	/	( ( (6675.255 - 2747.896)	+	(6726.345 - 2656.838) )	/ 2 )
	=	400.004	/	( (3927.359	+	4069.507)	/ 2 )
	=	400.004	/	3998.433
	=	10.00 %

Shenzhen Kingdom Sci-tech 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 )
	=	-355.524	/	( ( (6726.345 - 2656.838)	+	(6623.852 - 2652.112) )	/ 2 )
	=	-355.524	/	( ( 4069.507	+	3971.74 )	/ 2 )
	=	-355.524	/	4020.6235
	=	-8.84 %

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

Shenzhen Kingdom Sci-tech Co (SHSE:600446) 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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Shenzhen Kingdom Sci-tech Co (SHSE:600446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Kingdom Sci-tech Co Ltd (SHSE:600446) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

the 9th high-South Road, Shenzhen Science and Technology Parks, Nanshan District, Shenzhen, CHN, 518026

Website

http://www.szkingdom.com

Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies.

Executives

Wang Hai Hang	senior management
Zhong Gui Quan	senior management
Zhao Jian	Director
Xu Min Bo	Director
Zhang Hai Long	senior management
Zhou Zhi Chao	senior management
Wang Qing Ruo	senior management
Du Xuan	Director
Li Jie Yi	Director
Liu Ying	Supervisors
Yin Ming	senior management
Li Shi Cong	Supervisors
Liu Xiong Ren	Supervisors
Wu Xiao Lin	senior management
Zhou Yong Hong	senior management

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