Vanov Holdings Co (HKSE:02260) ROCE % : 9.45% (As of Jun. 2024)

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What is Vanov Holdings 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. Vanov Holdings Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.45%.

Vanov Holdings Co ROCE % Historical Data

The historical data trend for Vanov Holdings 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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Vanov Holdings Co ROCE % Chart

Vanov Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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39.49

34.48

19.41

12.93

10.78

Vanov Holdings Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial							20.94	10.02	15.17	9.45	14.65

Vanov Holdings Co ROCE % Calculation

Vanov Holdings 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 )
	=	82.153	/	( ( (745.617 - 166.299)	+	(900.242 - 209.258) )	/ 2 )
	=	82.153	/	( (579.318	+	690.984)	/ 2 )
	=	82.153	/	635.151
	=	12.93 %

Vanov Holdings Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	57.918	/	( ( (900.242 - 209.258)	+	(850.121 - 315.381) )	/ 2 )
	=	57.918	/	( ( 690.984	+	534.74 )	/ 2 )
	=	57.918	/	612.862
	=	9.45 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Vanov Holdings Co (HKSE:02260) 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.

Vanov Holdings Co ROCE % Related Terms

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Vanov Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanov Holdings Co Ltd (HKSE:02260) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 519, Section 2, Xinhua Avenue, Chengdu Strait Science and Technology, Industry Development Park, Sichuan Province, Wenjiang District, Chengdu, CHN

Website

http://www.canov.cn

Vanov Holdings Co Ltd is an investment holding company and its subsidiaries are principally engaged in the design, manufacture, and sales of papermaking felts. The company has a variety of products which include Packaging papermaking felts, Specialty papermaking felts, Printing papermaking felts, Printing papermaking felts, and Pulp papermaking felts. The company generates the majority of its revenue from The PRC region.

Executives

Shen Genlian	2307 Founder of a discretionary trust who can infl
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Zhou Jun	2202 Interest of your spouse
Perfect Angle Limited	2101 Beneficial owner
Wonderful Advisor Limited

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