Kingclean Electric Co (SHSE:603355) ROCE % : 23.66% (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Kingclean Electric 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. Kingclean Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.66%.

Kingclean Electric Co ROCE % Historical Data

The historical data trend for Kingclean Electric 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.

* Premium members only.

Kingclean Electric Co ROCE % Chart

Kingclean Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

19.11

10.48

14.31

23.30

22.79

Kingclean Electric 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															17.31	30.33	19.45	29.05	23.66

Kingclean Electric Co ROCE % Calculation

Kingclean Electric 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 )
	=	1369.587	/	( ( (11421.709 - 5192.067)	+	(12562.36 - 6772.153) )	/ 2 )
	=	1369.587	/	( (6229.642	+	5790.207)	/ 2 )
	=	1369.587	/	6009.9245
	=	22.79 %

Kingclean Electric 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 )
	=	1425.572	/	( ( (12562.36 - 6772.153)	+	(13729.406 - 7467.422) )	/ 2 )
	=	1425.572	/	( ( 5790.207	+	6261.984 )	/ 2 )
	=	1425.572	/	6026.0955
	=	23.66 %

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

Kingclean Electric Co (SHSE:603355) 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.

Kingclean Electric Co ROCE % Related Terms

Thank you for viewing the detailed overview of Kingclean Electric Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kingclean Electric Co (SHSE:603355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Kingclean Electric Co Ltd (SHSE:603355) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Number 1 Xiangyang Road, Suzhou New District, Jiangsu Province, Suzhou, CHN, 215009

Website

http://www.kingclean.com

Kingclean Electric Co Ltd is a China-based company engaged in manufacturing and selling of vacuum cleaners. It also offers garden tools, car motor, hard floor polisher, carpet washer and small home appliances like food cooking machine, juicer, and soymilk maker. The company operates three categories of its core business, High-speed motor and automobile motor, Cleaning appliance and kitchen appliance, and Garden tool products.

Kingclean Electric Co (SHSE:603355) Headlines

No Headlines