Orient International Enterprise (SHSE:600278) ROCE % : 5.16% (As of Sep. 2024)

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What is Orient International Enterprise 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. Orient International Enterprise's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.16%.

Orient International Enterprise ROCE % Historical Data

The historical data trend for Orient International Enterprise'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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Orient International Enterprise ROCE % Chart

Orient International Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.64

6.57

7.89

8.39

6.70

Orient International Enterprise Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.56	5.28	5.28	6.05	5.16

Orient International Enterprise ROCE % Calculation

Orient International Enterprise'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 )
	=	536.936	/	( ( (18993.605 - 11091.016)	+	(17143.324 - 9020.557) )	/ 2 )
	=	536.936	/	( (7902.589	+	8122.767)	/ 2 )
	=	536.936	/	8012.678
	=	6.70 %

Orient International Enterprise'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	426.228	/	( ( (17041.627 - 9020.596)	+	(17885.304 - 9394.943) )	/ 2 )
	=	426.228	/	( ( 8021.031	+	8490.361 )	/ 2 )
	=	426.228	/	8255.696
	=	5.16 %

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

Orient International Enterprise (SHSE:600278) 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.

Orient International Enterprise ROCE % Related Terms

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Orient International Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Orient International Enterprise Ltd (SHSE:600278) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

85 Loushanguan Road, Block A, Dongfang International Building, Shanghai, CHN

Website

http://www.oie.com.cn

Orient International Enterprise Ltd is primarily engaged in the import and export of garments and textiles from domestic and foreign orders. It covers all kind of clothing textile products, such as all kinds of cotton gauze fabrics, blended fabrics, various household textile products, cotton knitwear garments, shirts and T-shirts, suit jackets and others. Further, it is also involved in the logistics business.

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