Jiangsu Hongdou Industry Co (SHSE:600400) ROCE % : 6.91% (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Jiangsu Hongdou Industry 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. Jiangsu Hongdou Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.91%.

Jiangsu Hongdou Industry Co ROCE % Historical Data

The historical data trend for Jiangsu Hongdou Industry 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.

Jiangsu Hongdou Industry Co ROCE % Chart

Jiangsu Hongdou Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.49

5.51

3.40

1.55

2.50

Jiangsu Hongdou Industry 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															5.66	4.67	0.40	-0.72	6.91

Jiangsu Hongdou Industry Co ROCE % Calculation

Jiangsu Hongdou Industry 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 )
	=	83.585	/	( ( (4736.952 - 1464.042)	+	(5267.394 - 1864.73) )	/ 2 )
	=	83.585	/	( (3272.91	+	3402.664)	/ 2 )
	=	83.585	/	3337.787
	=	2.50 %

Jiangsu Hongdou Industry 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 )
	=	237.132	/	( ( (5267.394 - 1864.73)	+	(5094.647 - 1636.881) )	/ 2 )
	=	237.132	/	( ( 3402.664	+	3457.766 )	/ 2 )
	=	237.132	/	3430.215
	=	6.91 %

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

Jiangsu Hongdou Industry Co (SHSE:600400) 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.

Jiangsu Hongdou Industry Co ROCE % Related Terms

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

Jiangsu Hongdou Industry Co (SHSE:600400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiangsu Hongdou Industry Co Ltd (SHSE:600400) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Donggang Town, Xishan District, Jiangsu Province, Wuxi, CHN, 214199

Website

http://www.hongdou.com.cn

Jiangsu Hongdou Industry Co Ltd produces and sells clothing, knitwear and nylon yarn. It is also involved in design, development, and sales of smart wearable devices; shoes, hats, and leather goods , Luggage, eyewear; sales of sanitary ware, daily necessities, cosmetics, hygiene products, stationery, sporting goods, arts and crafts, food, household appliances, electronics, furniture, props, lamps, audio equipment; and books and periodicals.

Jiangsu Hongdou Industry Co (SHSE:600400) Headlines

No Headlines