Liaoning Shidai Waheng Co (SHSE:600241) ROCE % : 1.37% (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Liaoning Shidai Waheng 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. Liaoning Shidai Waheng Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.37%.

Liaoning Shidai Waheng Co ROCE % Historical Data

The historical data trend for Liaoning Shidai Waheng 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.

* Premium members only.

Liaoning Shidai Waheng Co ROCE % Chart

Liaoning Shidai Waheng Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-33.52

-2.60

1.29

8.63

6.92

Liaoning Shidai Waheng Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.89	6.01	9.01	6.93	1.37

Liaoning Shidai Waheng Co ROCE % Calculation

Liaoning Shidai Waheng 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 )
	=	71.791	/	( ( (1458.64 - 463.551)	+	(1245.75 - 164.654) )	/ 2 )
	=	71.791	/	( (995.089	+	1081.096)	/ 2 )
	=	71.791	/	1038.0925
	=	6.92 %

Liaoning Shidai Waheng Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	14.844	/	( ( (1245.75 - 164.654)	+	(1235.954 - 151.319) )	/ 2 )
	=	14.844	/	( ( 1081.096	+	1084.635 )	/ 2 )
	=	14.844	/	1082.8655
	=	1.37 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Liaoning Shidai Waheng Co (SHSE:600241) 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.

Liaoning Shidai Waheng Co ROCE % Related Terms

Thank you for viewing the detailed overview of Liaoning Shidai Waheng Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Liaoning Shidai Waheng Co (SHSE:600241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Liaoning Shidai Waheng Co Ltd (SHSE:600241) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Gangwan Street, Zhongshan District, Liaoning, Dalian, CHN, 116001

Website

http://www.shidaiwanheng.com

Liaoning Shidai Waheng Co Ltd is a China based company engaged in the apparel business. It is also involved in the provision of garment processing, fabric printing and dyeing, and freight forwarding services. Further, the group is also engaged in the development and sale of real estate properties; and financial equity investment activities.

Executives

Deng Qing Zhu	Director
Mou Yun Long	senior management
Luo Wei Ming	Director
Wei Gang	Director
Yin Yao	senior management

Liaoning Shidai Waheng Co (SHSE:600241) Headlines

No Headlines