ANTA Sports Products (ANTA Sports Products) ROCE % : 24.27% (As of Dec. 2023)

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What is ANTA Sports Products 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. ANTA Sports Products's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.27%.

ANTA Sports Products ROCE % Historical Data

The historical data trend for ANTA Sports Products'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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ANTA Sports Products ROCE % Chart

ANTA Sports Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.07

25.36

27.22

25.21

27.94

ANTA Sports Products 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															25.15	26.13	28.17	27.49	24.27

ANTA Sports Products ROCE % Calculation

ANTA Sports Products'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 )
	=	2263.382	/	( ( (9925.126 - 3759.054)	+	(12916.725 - 2883.813) )	/ 2 )
	=	2263.382	/	( (6166.072	+	10032.912)	/ 2 )
	=	2263.382	/	8099.492
	=	27.94 %

ANTA Sports Products'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 )
	=	2368.842	/	( ( (11685.704 - 2199.43)	+	(12916.725 - 2883.813) )	/ 2 )
	=	2368.842	/	( ( 9486.274	+	10032.912 )	/ 2 )
	=	2368.842	/	9759.593
	=	24.27 %

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

ANTA Sports Products (OTCPK:ANPDF) 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.

ANTA Sports Products ROCE % Related Terms

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ANTA Sports Products (ANTA Sports Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ANTA Sports Products Ltd (OTCPK:ANPDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ANPDY:USA ANTA:Mexico 02020:Hong Kong AS7:Germany

Address

Anta Headquarters Building, Dongshan Industrial Zone, Chidian Town, Fujian Province, Jinjiang, CHN, 362212

Website

https://www.anta.com

Anta Sports is the largest Chinese sportswear company, engaging in the design, manufacturing, and marketing of sportswear. Brands under Anta's management include the Anta core brand, Fila, Descente, Sprandi, Kolon, and KingKow. As of the end of 2020, the company had 12,260 stores, of which 9,922 were Anta stores and 2,006 were Fila stores.