Nanjing OLO Home Furnishing Co (SHSE:603326) ROCE % : 6.74% (As of Mar. 2024)

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What is Nanjing OLO 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. Nanjing OLO Home Furnishing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.74%.

Nanjing OLO Home Furnishing Co ROCE % Historical Data

The historical data trend for Nanjing OLO 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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Nanjing OLO Home Furnishing Co ROCE % Chart

Nanjing OLO Home Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.10

23.10

-16.52

13.36

12.41

Nanjing OLO 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															3.47	19.47	31.10	-3.55	6.74

Nanjing OLO Home Furnishing Co ROCE % Calculation

Nanjing OLO 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 )
	=	186.142	/	( ( (2216.033 - 755.425)	+	(2442.888 - 904.777) )	/ 2 )
	=	186.142	/	( (1460.608	+	1538.111)	/ 2 )
	=	186.142	/	1499.3595
	=	12.41 %

Nanjing OLO 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 )
	=	103.652	/	( ( (2442.888 - 904.777)	+	(2366.445 - 828.722) )	/ 2 )
	=	103.652	/	( ( 1538.111	+	1537.723 )	/ 2 )
	=	103.652	/	1537.917
	=	6.74 %

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

Nanjing OLO Home Furnishing Co (SHSE:603326) 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.

Nanjing OLO Home Furnishing Co ROCE % Related Terms

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Nanjing OLO Home Furnishing Co (SHSE:603326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nanjing OLO Home Furnishing Co Ltd (SHSE:603326) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 218, Qingshuiting West Road, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211102

Website

http://www.olokitchen.com

Nanjing OLO Home Furnishing Co Ltd operates in the home furnishings and fixtures industry. It is principally engaged in the design, research and development, manufacturing and sales of custom furniture products as well as the provision of related services. The company's main products include the integrated kitchen cabinets, custom wardrobes and the full house.

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