Golden Eagle Retail Group (Golden Eagle Retail Group) ROCE % : 16.05% (As of Jun. 2023)

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What is Golden Eagle Retail Group 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. Golden Eagle Retail Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 16.05%.

Golden Eagle Retail Group ROCE % Historical Data

The historical data trend for Golden Eagle Retail Group'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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Golden Eagle Retail Group ROCE % Chart

Golden Eagle Retail Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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16.45

16.20

19.92

18.11

10.62

Golden Eagle Retail Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															19.90	14.39	11.89	10.62	16.05

Golden Eagle Retail Group ROCE % Calculation

Golden Eagle Retail Group'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 )
	=	249.205	/	( ( (3919.14 - 1363.877)	+	(3679.449 - 1541.841) )	/ 2 )
	=	249.205	/	( (2555.263	+	2137.608)	/ 2 )
	=	249.205	/	2346.4355
	=	10.62 %

Golden Eagle Retail Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	308.508	/	( ( (3679.449 - 1541.841)	+	(3485.879 - 1778.155) )	/ 2 )
	=	308.508	/	( ( 2137.608	+	1707.724 )	/ 2 )
	=	308.508	/	1922.666
	=	16.05 %

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

Golden Eagle Retail Group (OTCPK:GDNEF) 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.

Golden Eagle Retail Group ROCE % Related Terms

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Golden Eagle Retail Group (Golden Eagle Retail Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golden Eagle Retail Group Ltd (OTCPK:GDNEF) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 888 Yingtian Street, 17th Floor, Block A, Golden Eagle World, Jianye District, Nanjing, CHN

Website

http://www.geretail.com

Golden Eagle Retail Group Ltd is principally engaged in the development and operation of department stores in China. Targeting the mid-to-high end market, the company's stores are primarily located in four provinces and one municipality, including Jiangsu, Anhui, Shaanxi, Yunnan, and Shanghai. In addition to the core function as a department store chain, the company's stores also provide other functions and amenities, such as dining, entertainment, beauty, and personal care, cinemas, and preschool education. Specifically, for the company's stores, the majority of the total gross floor area is located in self-owned properties.

Golden Eagle Retail Group (Golden Eagle Retail Group) Headlines

From GuruFocus

Matthews China Comments on Golden Eagle

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