Zhejiang Kan Specialities Material Co (SZSE:002012) ROCE % : 3.37% (As of Mar. 2024)

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What is Zhejiang Kan Specialities Material 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. Zhejiang Kan Specialities Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.37%.

Zhejiang Kan Specialities Material Co ROCE % Historical Data

The historical data trend for Zhejiang Kan Specialities Material 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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Zhejiang Kan Specialities Material Co ROCE % Chart

Zhejiang Kan Specialities Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.26

15.34

10.60

4.68

3.68

Zhejiang Kan Specialities Material 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															11.70	1.62	2.82	-1.63	3.37

Zhejiang Kan Specialities Material Co ROCE % Calculation

Zhejiang Kan Specialities Material 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 )
	=	64.328	/	( ( (2300.952 - 526.069)	+	(1960.258 - 240.61) )	/ 2 )
	=	64.328	/	( (1774.883	+	1719.648)	/ 2 )
	=	64.328	/	1747.2655
	=	3.68 %

Zhejiang Kan Specialities Material 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 )
	=	58.052	/	( ( (1960.258 - 240.61)	+	(1940.236 - 209.991) )	/ 2 )
	=	58.052	/	( ( 1719.648	+	1730.245 )	/ 2 )
	=	58.052	/	1724.9465
	=	3.37 %

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

Zhejiang Kan Specialities Material Co (SZSE:002012) 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.

Zhejiang Kan Specialities Material Co ROCE % Related Terms

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Zhejiang Kan Specialities Material Co (SZSE:002012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhejiang Kan Specialities Material Co Ltd (SZSE:002012) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1008, Kaien Road, Miaogao Town, Suichang County, Zhejiang Province, Lishui, CHN, 323300

Website

http://www.zjkan.com

Zhejiang Kan Specialities Material Co Ltd operates as a specialty paper company. The products offered by the group include Non-heat sealing type tea, Non-woven wallpaper series, Heat-sealed tea filter paper, Vacuum cleaner bag paper and Electrolytic capacitor paper. Geographically it operates through the region of China.

Executives

Zhou Wan Biao	Executives
Wang Bai Lang	Director
Du Jian Cheng	Director
Wang Lei	Director
Zhang Cheng Wei	Supervisors
Ye Yue Yuan	Director

Zhejiang Kan Specialities Material Co (SZSE:002012) Headlines

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