Kaixin Holdings (STU:K640) ROCE % : -231.29% (As of Dec. 2023)

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What is Kaixin Holdings 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. Kaixin Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -231.29%.

Kaixin Holdings ROCE % Historical Data

The historical data trend for Kaixin Holdings'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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Kaixin Holdings ROCE % Chart

Kaixin Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.10

-3.37

-777.84

-214.70

-119.16

Kaixin Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									-257.13	-438.10	-93.00	-23.28	-231.29

Kaixin Holdings ROCE % Calculation

Kaixin Holdings'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 )
	=	-48.837	/	( ( (52.564 - 18.755)	+	(62.019 - 13.86) )	/ 2 )
	=	-48.837	/	( (33.809	+	48.159)	/ 2 )
	=	-48.837	/	40.984
	=	-119.16 %

Kaixin Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-90.304	/	( ( (49.963 - 20.036)	+	(62.019 - 13.86) )	/ 2 )
	=	-90.304	/	( ( 29.927	+	48.159 )	/ 2 )
	=	-90.304	/	39.043
	=	-231.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Kaixin Holdings (STU:K640) 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.

Kaixin Holdings ROCE % Related Terms

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Kaixin Holdings (STU:K640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kaixin Holdings (STU:K640) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KXIN:USA

Address

Huagong Road, 9th Floor, Tower A, Dongjin International Center, Chaoyang District, Beijing, CHN, 100015

Website

https://ir.kaixin.com

Kaixin Auto Holdings is an auto retail platform for luxury used cars and imported new cars. The company is actively engaged in the research and development, design, manufacturing, and sales of electric vehicles and promotes the innovation of next-generation autonomous driving and artificial intelligence technologies. The company primarily generates revenues from sales of used cars, as well as fees obtained from its role as a channel partner for third-party auto financing and other value-added service providers.

Kaixin Holdings (STU:K640) Headlines

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