Zoy Home Furnishing Co (SHSE:603709) ROCE % : 5.04% (As of Mar. 2024)

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What is Zoy Home Furnishing 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. Zoy Home Furnishing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.04%.

Zoy Home Furnishing Co ROCE % Historical Data

The historical data trend for Zoy Home Furnishing 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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Zoy Home Furnishing Co ROCE % Chart

Zoy Home Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.71

9.95

-2.46

-4.84

4.20

Zoy Home Furnishing 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															5.55	6.33	5.66	-1.23	5.04

Zoy Home Furnishing Co ROCE % Calculation

Zoy Home Furnishing 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 )
	=	32.85	/	( ( (1109.839 - 338.334)	+	(1359.58 - 565.901) )	/ 2 )
	=	32.85	/	( (771.505	+	793.679)	/ 2 )
	=	32.85	/	782.592
	=	4.20 %

Zoy Home Furnishing 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 )
	=	39.696	/	( ( (1359.58 - 565.901)	+	(1356.028 - 573.927) )	/ 2 )
	=	39.696	/	( ( 793.679	+	782.101 )	/ 2 )
	=	39.696	/	787.89
	=	5.04 %

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

Zoy Home Furnishing Co (SHSE:603709) 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.

Zoy Home Furnishing Co ROCE % Related Terms

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Zoy Home Furnishing Co (SHSE:603709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zoy Home Furnishing Co Ltd (SHSE:603709) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Tangpu Industrial Park, Anji County, Zhejiang Province, Huzhou, CHN, 313300

Website

http://www.zoy-living.com

Zoy Home Furnishing Co Ltd manufactures and markets furniture. The Company designs, produces, and sells ordinary and ergonomic sofas, and other related products. The company's products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs.

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