Xtep International Holdings (HKSE:01368) ROCE % : 11.35% (As of Dec. 2023)

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What is Xtep International 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. Xtep International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.35%.

Xtep International Holdings ROCE % Historical Data

The historical data trend for Xtep International 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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Xtep International Holdings ROCE % Chart

Xtep International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.11

10.12

14.11

13.85

15.12

Xtep International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.94	17.02	10.37	19.12	11.35

Xtep International Holdings ROCE % Calculation

Xtep International 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 )
	=	1780.827	/	( ( (18418.553 - 7420.328)	+	(18950.233 - 6399.309) )	/ 2 )
	=	1780.827	/	( (10998.225	+	12550.924)	/ 2 )
	=	1780.827	/	11774.5745
	=	15.12 %

Xtep International 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 )
	=	1381.594	/	( ( (18182.081 - 6379.489)	+	(18950.233 - 6399.309) )	/ 2 )
	=	1381.594	/	( ( 11802.592	+	12550.924 )	/ 2 )
	=	1381.594	/	12176.758
	=	11.35 %

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

Xtep International Holdings (HKSE:01368) 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.

Xtep International Holdings ROCE % Related Terms

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Xtep International Holdings (HKSE:01368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Xtep International Holdings Ltd (HKSE:01368) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XTEPY:USA 4QI:Germany

Address

No. 89 Jiayi Road, Xiamen Xtep Tower, Guanyinshan Siming District, Fujian Province, Xiamen, CHN, 361008

Website

https://www.xtep.com.hk

Xtep International Holdings Ltd owns the Chinese sportswear brand XTEP. The company markets its brand as a stylish professional sports brand with a focus on running gear. Footwear accounts for more than half of the company's revenue. The remaining revenue comes from apparel sales. The company has thousands of XTEP retail stores in China that are primarily operated by the company's distributors or authorized retailers. It also sells online through its website and third-party e-commerce platforms. In addition to China, Xtep has distributors in the Middle East, Europe, and Southeast Asia.

Xtep International Holdings (HKSE:01368) Headlines

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