Jason Furniture (Hangzhou) Co (SHSE:603816) ROCE % : 29.69% (As of Sep. 2023)

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What is Jason Furniture (Hangzhou) 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. Jason Furniture (Hangzhou) Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 29.69%.

Jason Furniture (Hangzhou) Co ROCE % Historical Data

The historical data trend for Jason Furniture (Hangzhou) 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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Jason Furniture (Hangzhou) Co ROCE % Chart

Jason Furniture (Hangzhou) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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25.00

22.50

16.43

25.38

25.91

Jason Furniture (Hangzhou) Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															29.27	21.86	21.63	27.47	29.69

Jason Furniture (Hangzhou) Co ROCE % Calculation

Jason Furniture (Hangzhou) Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2385.84	/	( ( (15939.022 - 7007.771)	+	(16105.634 - 6619.312) )	/ 2 )
	=	2385.84	/	( (8931.251	+	9486.322)	/ 2 )
	=	2385.84	/	9208.7865
	=	25.91 %

Jason Furniture (Hangzhou) Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	3001.284	/	( ( (17339.334 - 7070.204)	+	(17670.292 - 7723.295) )	/ 2 )
	=	3001.284	/	( ( 10269.13	+	9946.997 )	/ 2 )
	=	3001.284	/	10108.0635
	=	29.69 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Jason Furniture (Hangzhou) Co (SHSE:603816) 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.

Jason Furniture (Hangzhou) Co ROCE % Related Terms

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Jason Furniture (Hangzhou) Co (SHSE:603816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jason Furniture (Hangzhou) Co Ltd (SHSE:603816) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN

Website

http://www.kukahome.com

Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the home furnishing industry. The group researches, develops, produces and sales home appliances in the living room and bedroom. The product offered by the group includes leather Sofas, Recliner Chairs, Fabric Sofas, Beds, Mattresses, Dining Chairs, Barstools, and others. Geographically, it operates through china however its products are sold in both Chinese and international market.

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