China Anchu Energy Storage Group (HKSE:02399) ROCE % : 29.21% (As of Dec. 2023)

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What is China Anchu Energy Storage Group 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. China Anchu Energy Storage Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.21%.

China Anchu Energy Storage Group ROCE % Historical Data

The historical data trend for China Anchu Energy Storage Group'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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China Anchu Energy Storage Group ROCE % Chart

China Anchu Energy Storage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.90

-62.52

-21.20

-13.82

7.75

China Anchu Energy Storage Group 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															-23.20	10.33	-36.75	-14.90	29.21

China Anchu Energy Storage Group ROCE % Calculation

China Anchu Energy Storage Group'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 )
	=	55.49	/	( ( (1489.309 - 878.541)	+	(1887.311 - 1065.483) )	/ 2 )
	=	55.49	/	( (610.768	+	821.828)	/ 2 )
	=	55.49	/	716.298
	=	7.75 %

China Anchu Energy Storage Group'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 )
	=	194.408	/	( ( (1695.376 - 1186.273)	+	(1887.311 - 1065.483) )	/ 2 )
	=	194.408	/	( ( 509.103	+	821.828 )	/ 2 )
	=	194.408	/	665.4655
	=	29.21 %

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

China Anchu Energy Storage Group (HKSE:02399) 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.

China Anchu Energy Storage Group ROCE % Related Terms

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China Anchu Energy Storage Group (HKSE:02399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN

Website

https://www.fordoo.cn

China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.

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