Shanghai Chicmax Cosmetic Co (HKSE:02145) ROCE % : 45.33% (As of Dec. 2023)

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What is Shanghai Chicmax Cosmetic 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. Shanghai Chicmax Cosmetic Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 45.33%.

Shanghai Chicmax Cosmetic Co ROCE % Historical Data

The historical data trend for Shanghai Chicmax Cosmetic 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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Shanghai Chicmax Cosmetic Co ROCE % Chart

Shanghai Chicmax Cosmetic Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

136.00

67.58

42.87

11.20

29.15

Shanghai Chicmax Cosmetic Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			36.07	15.89	12.05	14.83	45.33

Shanghai Chicmax Cosmetic Co ROCE % Calculation

Shanghai Chicmax Cosmetic 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 )
	=	629.404	/	( ( (3512.813 - 1467.062)	+	(3422.245 - 1150.006) )	/ 2 )
	=	629.404	/	( (2045.751	+	2272.239)	/ 2 )
	=	629.404	/	2158.995
	=	29.15 %

Shanghai Chicmax Cosmetic Co'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 )
	=	961.128	/	( ( (3086.799 - 1118.705)	+	(3422.245 - 1150.006) )	/ 2 )
	=	961.128	/	( ( 1968.094	+	2272.239 )	/ 2 )
	=	961.128	/	2120.1665
	=	45.33 %

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

Shanghai Chicmax Cosmetic Co (HKSE:02145) 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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Shanghai Chicmax Cosmetic Co (HKSE:02145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Chicmax Cosmetic Co Ltd (HKSE:02145) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3300 Zhongshan North Road, 25 Floor, Building B, Putuo District, Shanghai, CHN

Website

http://www.chicmaxgroup.com

Shanghai Chicmax Cosmetic Co Ltd is a China-based multi-brand cosmetics company mainly engaged in the research, development, production, and sales of skincare and maternity and childcare products. It offers a wide range of cosmetics products under various brands, primarily including KANS, One Leaf, and Baby Elephant. The company's products include skin care products, maternal and childcare products, toiletries, and others. The company also operates brands such as BIO-G, KYOCA, ARMIYO, TAZU, and others.

Executives

Lyu Yixiong	2201 Interest of corporation controlled by you
Shanghai Hongyin Investment Co., Ltd.	2101 Beneficial owner
Shanghai Nanyin Investment Co., Ltd.	2101 Beneficial owner
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
China International Capital Corporation (international) Limited	2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited	2105 Underwriter

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