Ningbo Kangqiang Electronics Co (SZSE:002119) ROCE % : 6.85% (As of Mar. 2024)

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What is Ningbo Kangqiang Electronics 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. Ningbo Kangqiang Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.85%.

Ningbo Kangqiang Electronics Co ROCE % Historical Data

The historical data trend for Ningbo Kangqiang Electronics 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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Ningbo Kangqiang Electronics Co ROCE % Chart

Ningbo Kangqiang Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.36

11.69

19.26

9.99

7.32

Ningbo Kangqiang Electronics 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															7.22	8.94	6.09	6.83	6.85

Ningbo Kangqiang Electronics Co ROCE % Calculation

Ningbo Kangqiang Electronics 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 )
	=	99.745	/	( ( (1907.174 - 542.426)	+	(2318.443 - 958.774) )	/ 2 )
	=	99.745	/	( (1364.748	+	1359.669)	/ 2 )
	=	99.745	/	1362.2085
	=	7.32 %

Ningbo Kangqiang Electronics 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 )
	=	93.692	/	( ( (2318.443 - 958.774)	+	(2342.551 - 966.487) )	/ 2 )
	=	93.692	/	( ( 1359.669	+	1376.064 )	/ 2 )
	=	93.692	/	1367.8665
	=	6.85 %

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

Ningbo Kangqiang Electronics Co (SZSE:002119) 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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Ningbo Kangqiang Electronics Co (SZSE:002119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ningbo Kangqiang Electronics Co Ltd (SZSE:002119) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Kangqiang Road, Panhuo Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315105

Website

http://www.kangqiang.com

Ningbo Kangqiang Electronics Co Ltd is engaged in the manufacture, research and development, and sale of semiconductor packaging materials. The company mainly produces special equipment demanded by various semiconductor encapsulation lead frames, bonding wires, wire electrodes and production framework, and other products.

Executives

Zheng Kang Ding	Director
Yin Xia Rong	Executives
Xiong Xu Qiang	Director
Feng Xiao Long	Executives
Du Jiang Xia	Supervisors
Liu Jun Liang	Director

Ningbo Kangqiang Electronics Co (SZSE:002119) Headlines

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