Konfoong Materials International Co (SZSE:300666) ROCE % : 4.96% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Konfoong Materials International 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. Konfoong Materials International Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.96%.

Konfoong Materials International Co ROCE % Historical Data

The historical data trend for Konfoong Materials International 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.

Konfoong Materials International Co ROCE % Chart

Konfoong Materials International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

11.96

17.52

8.96

11.32

6.83

Konfoong Materials International 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															5.59	8.96	5.05	6.88	4.96

Konfoong Materials International Co ROCE % Calculation

Konfoong Materials International 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 )
	=	317.18	/	( ( (5098.358 - 805.522)	+	(6271.647 - 1277.368) )	/ 2 )
	=	317.18	/	( (4292.836	+	4994.279)	/ 2 )
	=	317.18	/	4643.5575
	=	6.83 %

Konfoong Materials International 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 )
	=	254.688	/	( ( (6271.647 - 1277.368)	+	(6522.12 - 1239.238) )	/ 2 )
	=	254.688	/	( ( 4994.279	+	5282.882 )	/ 2 )
	=	254.688	/	5138.5805
	=	4.96 %

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

Konfoong Materials International Co (SZSE:300666) 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.

Konfoong Materials International Co ROCE % Related Terms

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

Konfoong Materials International Co (SZSE:300666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Konfoong Materials International Co Ltd (SZSE:300666) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 198 Anshan Road, Mingbang Science and Technology Industrial Park, Zhejiang, Yuyao, CHN, 315400

Website

http://www.kfmic.com

Konfoong Materials International Co Ltd develops and manufactures metal materials and sputtering targets for the semiconductor and integrated circuit industries. Its products include semiconductor targets, solar targets, LCD targets, and TF targets. Geographically the business activities are carried out through China, however, its products are sold Chinese and international market such as Europe, North America, and Asia.

Konfoong Materials International Co (SZSE:300666) Headlines

No Headlines