Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) ROCE % : 7.69% (As of Mar. 2024)

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What is Shandong Nanshan Fashion Sci-Tech 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. Shandong Nanshan Fashion Sci-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.69%.

Shandong Nanshan Fashion Sci-Tech Co ROCE % Historical Data

The historical data trend for Shandong Nanshan Fashion Sci-Tech 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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Shandong Nanshan Fashion Sci-Tech Co ROCE % Chart

Shandong Nanshan Fashion Sci-Tech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.28

8.38

12.20

13.05

10.74

Shandong Nanshan Fashion Sci-Tech Co Quarterly Data
	Dec18	Jun19	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															9.21	10.25	7.45	14.24	7.69

Shandong Nanshan Fashion Sci-Tech Co ROCE % Calculation

Shandong Nanshan Fashion Sci-Tech 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 )
	=	242.602	/	( ( (3203.901 - 1344.842)	+	(3679.194 - 1022.005) )	/ 2 )
	=	242.602	/	( (1859.059	+	2657.189)	/ 2 )
	=	242.602	/	2258.124
	=	10.74 %

Shandong Nanshan Fashion Sci-Tech 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 )
	=	206.48	/	( ( (3679.194 - 1022.005)	+	(3675.969 - 964.079) )	/ 2 )
	=	206.48	/	( ( 2657.189	+	2711.89 )	/ 2 )
	=	206.48	/	2684.5395
	=	7.69 %

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

Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) 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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Shandong Nanshan Fashion Sci-Tech Co (SZSE:300918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shandong Nanshan Fashion Sci-Tech Co Ltd (SZSE:300918) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Nanshan Industrial Park, Dongjiang Town, Longkou, Shandong Province, Yantai, CHN, 265706

Website

http://www.nanshanchina.com

Shandong Nanshan Fashion Sci-Tech Co Ltd is engaged in the research and development, design, production and sales of worsted woolen cloth, formal wear and protective products. The company has a complete wool textile and apparel industry chain, covering a worsted woolen cloth business system integrating fabric research and development, top processing, dyeing, spinning, weaving, and finishing, as well as integrated clothing research and development, design, manufacturing, and brand operation.

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