361 Degrees International (361 Degrees International) ROCE % : 7.88% (As of Dec. 2023)

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What is 361 Degrees International 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. 361 Degrees International's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.88%.

361 Degrees International ROCE % Historical Data

The historical data trend for 361 Degrees International'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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361 Degrees International ROCE % Chart

361 Degrees International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.16

8.83

13.22

11.36

14.02

361 Degrees International 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															8.90	16.95	6.32	20.17	7.88

361 Degrees International ROCE % Calculation

361 Degrees International'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 )
	=	193.769	/	( ( (1783.768 - 416.758)	+	(1829.816 - 432.487) )	/ 2 )
	=	193.769	/	( (1367.01	+	1397.329)	/ 2 )
	=	193.769	/	1382.1695
	=	14.02 %

361 Degrees International'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 )
	=	109.456	/	( ( (1801.024 - 419.295)	+	(1829.816 - 432.487) )	/ 2 )
	=	109.456	/	( ( 1381.729	+	1397.329 )	/ 2 )
	=	109.456	/	1389.529
	=	7.88 %

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

361 Degrees International (OTCPK:TSIOF) 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.

361 Degrees International ROCE % Related Terms

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361 Degrees International (361 Degrees International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » 361 Degrees International Ltd (OTCPK:TSIOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

01361:Hong Kong 36L:Germany

Address

361 Building, Huli High-technology Park, Huli District, Xiamen, Fujian Province, CHN, 361009

Website

http://www.361sport.com

361 Degrees International Ltd is a Chinese manufacturer of sporting goods. The company produces sporting goods. Its segments include adults and kids. 361 Degrees International reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. Adults-this segment derives revenue from manufacturing and trading of adult sporting goods. Kids- this segment derives revenue from the trading of kid's sporting goods. The company derives the majority of its revenue domestically.