China Dongxiang (Group) Co (HKSE:03818) ROCE % : 3.52% (As of Sep. 2024)

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What is China Dongxiang (Group) 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. China Dongxiang (Group) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.52%.

China Dongxiang (Group) Co ROCE % Historical Data

The historical data trend for China Dongxiang (Group) 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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China Dongxiang (Group) Co ROCE % Chart

China Dongxiang (Group) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.62

18.55

-16.85

1.79

-7.67

China Dongxiang (Group) Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-6.52	10.58	-8.67	-6.75	3.52

China Dongxiang (Group) Co ROCE % Calculation

China Dongxiang (Group) Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-822.625	/	( ( (12046.95 - 646.759)	+	(10581.188 - 540.988) )	/ 2 )
	=	-822.625	/	( (11400.191	+	10040.2)	/ 2 )
	=	-822.625	/	10720.1955
	=	-7.67 %

China Dongxiang (Group) Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	357.188	/	( ( (10581.188 - 540.988)	+	(10984.348 - 746.674) )	/ 2 )
	=	357.188	/	( ( 10040.2	+	10237.674 )	/ 2 )
	=	357.188	/	10138.937
	=	3.52 %

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

China Dongxiang (Group) Co (HKSE:03818) 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.

China Dongxiang (Group) Co ROCE % Related Terms

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China Dongxiang (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Dongxiang (Group) Co Ltd (HKSE:03818) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CDGXY:USA CDGXF:USA 4C1:Germany

Address

Building 21, No. 2 Jingyuanbei Street, Beijing Economic-Technological Development Area, Beijing, CHN, 100176

Website

http://www.dxsport.com

China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through company-operated retail stores and outlets in China and through its e-commerce channel. It has two segments China Apparel and Investment. The China Apparel segment engages in distribution and retail sales of sport apparel under Kappa brand and Phenix brand, as well as the franchise fee income from such trademarks for certain products. Sales in China account for the majority of the total company's revenue.

Executives

Harvest Luck Development Limited	2201 Interest of corporation controlled by you
Poseidon Sports Limited	2201 Interest of corporation controlled by you
Chen Yihong	2201 Interest of corporation controlled by you
Chen Chen	2201 Interest of corporation controlled by you
Bountiful Talent Limited	2101 Beneficial owner
China Dongxiang (group) Co. Ltd.	2201 Interest of corporation controlled by you
Gaea Sports Limited	2106 Person having a security interest in shares
Billion Giant Development Limited	2201 Interest of corporation controlled by you

China Dongxiang (Group) Co Headlines

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