Shenzhou International Group Holdings (Shenzhou International Group Holdings) ROCE % : 16.34% (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Shenzhou International Group 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. Shenzhou International Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.34%.

Shenzhou International Group Holdings ROCE % Historical Data

The historical data trend for Shenzhou International Group 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.

* Premium members only.

Shenzhou International Group Holdings ROCE % Chart

Shenzhou International Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

22.95

21.42

14.20

17.01

15.42

Shenzhou International Group 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															9.69	18.93	16.09	14.52	16.34

Shenzhou International Group Holdings ROCE % Calculation

Shenzhou International Group 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 )
	=	748.061	/	( ( (6238.488 - 1471.583)	+	(6808.092 - 1874.525) )	/ 2 )
	=	748.061	/	( (4766.905	+	4933.567)	/ 2 )
	=	748.061	/	4850.236
	=	15.42 %

Shenzhou International Group 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 )
	=	797.352	/	( ( (6470.185 - 1643.652)	+	(6808.092 - 1874.525) )	/ 2 )
	=	797.352	/	( ( 4826.533	+	4933.567 )	/ 2 )
	=	797.352	/	4880.05
	=	16.34 %

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

Shenzhou International Group Holdings (OTCPK:SHZHY) 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.

Shenzhou International Group Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Shenzhou International Group Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhou International Group Holdings (Shenzhou International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhou International Group Holdings Ltd (OTCPK:SHZHY) » Definitions » ROCE %

Traded in Other Exchanges

SZHIF:USA 02313:Hong Kong S6L:Germany

Address

18 Yongjiang Road, Ningbo Economic and Technical Development Zone, Zhejiang Province, Ningbo, CHN

Website

http://www.shenzhouintl.com

Shenzhou is the largest vertically integrated knitwear manufacturer in the world. The group mainly produces sportswear (74% of 2021 revenue), casual wear (20% of 2021 revenue), and lingerie (4% of 2021 revenue) for international clients such as Nike, Adidas, Puma, and Uniqlo. Mainland China is the company's largest market, accounting for 32% of sales in 2021. This is followed by Europe, the U.S. and Japan. Shenzhou currently operates manufacturing plants in China, Cambodia, and Vietnam.

Shenzhou International Group Holdings (Shenzhou International Group Holdings) Headlines

From GuruFocus

Unraveling Shenzhou International Group Holdings Ltd's Dividend Performance and Sustainability

By GuruFocus Research • 09-11-2023