Greatime International Holdings (HKSE:00844) ROCE % : 6.66% (As of Dec. 2023)

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What is Greatime 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. Greatime International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.66%.

Greatime International Holdings ROCE % Historical Data

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

Greatime International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.85

7.47

-2.12

4.05

1.23

Greatime 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															-7.30	12.29	-4.23	-4.32	6.66

Greatime International Holdings ROCE % Calculation

Greatime 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 )
	=	3.793	/	( ( (565.166 - 261.992)	+	(678.072 - 362.301) )	/ 2 )
	=	3.793	/	( (303.174	+	315.771)	/ 2 )
	=	3.793	/	309.4725
	=	1.23 %

Greatime 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 )
	=	20.85	/	( ( (603.253 - 292.603)	+	(678.072 - 362.301) )	/ 2 )
	=	20.85	/	( ( 310.65	+	315.771 )	/ 2 )
	=	20.85	/	313.2105
	=	6.66 %

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

Greatime International Holdings (HKSE:00844) 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.

Greatime International Holdings ROCE % Related Terms

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Greatime International Holdings (HKSE:00844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Greatime International Holdings Ltd (HKSE:00844) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102 Renmin Dong Road, Shandong Province, Zhucheng, CHN

Website

http://www.greatimeintl.com

Greatime International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of innerwear and fabrics. The company's operating segment includes Innerwear Products segment and Knitted Fabrics segment. Innerwear Products segment is engaged in the manufacturing and sale of and provision of processing services on innerwear and garments. Its products include underwear and underpants for men and women and bibs for infants, among others. Knitted Fabrics segment is engaged in the manufacturing and sale of and provision of processing services on knitted fabrics. The company operates businesses in Japan, the People's Republic of China, United States, Africa, Italy, Myanmar, and Hong Kong.

Executives

Wang Guangxi
Nan Jing Yong Tai Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Yong Tai Ke Ji Tou Zi You Xian Gong Si
Yong Tai Ji Tuan You Xian Gong Si Yong Tai Kong Gu Ji Tuan You Xian Gong Si
Junfun Investment Limited	2101 Beneficial owner
Guo Tianshu
Joint Full International Limited

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