Dencare (Chongqing) Oral Care Co (SZSE:001328) ROCE % : 11.72% (As of Mar. 2024)

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What is Dencare (Chongqing) Oral Care 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. Dencare (Chongqing) Oral Care Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.72%.

Dencare (Chongqing) Oral Care Co ROCE % Historical Data

The historical data trend for Dencare (Chongqing) Oral Care 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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Dencare (Chongqing) Oral Care Co ROCE % Chart

Dencare (Chongqing) Oral Care Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

12.41

18.11

22.11

23.85

15.42

Dencare (Chongqing) Oral Care Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							14.37	10.48	14.24	9.69	11.72

Dencare (Chongqing) Oral Care Co ROCE % Calculation

Dencare (Chongqing) Oral Care 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 )
	=	162.238	/	( ( (1017.942 - 387.406)	+	(1868.847 - 395.315) )	/ 2 )
	=	162.238	/	( (630.536	+	1473.532)	/ 2 )
	=	162.238	/	1052.034
	=	15.42 %

Dencare (Chongqing) Oral Care 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 )
	=	174.672	/	( ( (1868.847 - 395.315)	+	(1950.21 - 443.449) )	/ 2 )
	=	174.672	/	( ( 1473.532	+	1506.761 )	/ 2 )
	=	174.672	/	1490.1465
	=	11.72 %

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

Dencare (Chongqing) Oral Care Co (SZSE:001328) 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.

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Dencare (Chongqing) Oral Care Co (SZSE:001328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dencare (Chongqing) Oral Care Co Ltd (SZSE:001328) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 389, Haier Road, Jiangbei District, Chongqing, CHN, 400025

Website

https://www.dencare.com.cn

Dencare (Chongqing) Oral Care Co Ltd is engaged in the research and development, production and sales of oral care products. The main products cover oral hygiene care products such as toothpaste, toothbrush, mouthwash, electric toothbrush, dental flosser and others.

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