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Jiangsu Hongdou Industry Co (SHSE:600400) ROCE % : -3.53% (As of Sep. 2024)


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What is Jiangsu Hongdou Industry 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. Jiangsu Hongdou Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.53%.


Jiangsu Hongdou Industry Co ROCE % Historical Data

The historical data trend for Jiangsu Hongdou Industry 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.

Jiangsu Hongdou Industry Co ROCE % Chart

Jiangsu Hongdou Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.49 5.51 3.40 1.55 2.50

Jiangsu Hongdou Industry Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 -0.72 6.91 3.01 -3.53

Jiangsu Hongdou Industry Co ROCE % Calculation

Jiangsu Hongdou Industry 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 )
=83.585/( ( (4736.952 - 1464.042) + (5267.394 - 1864.73) )/ 2 )
=83.585/( (3272.91+3402.664)/ 2 )
=83.585/3337.787
=2.50 %

Jiangsu Hongdou Industry 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: 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 )
=-118.616/( ( (4886.549 - 1340.279) + (4621.623 - 1445.281) )/ 2 )
=-118.616/( ( 3546.27 + 3176.342 )/ 2 )
=-118.616/3361.306
=-3.53 %

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

* 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.


Jiangsu Hongdou Industry Co  (SHSE:600400) 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.


Jiangsu Hongdou Industry Co ROCE % Related Terms

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Jiangsu Hongdou Industry Co Business Description

Traded in Other Exchanges
N/A
Address
Donggang Town, Xishan District, Jiangsu Province, Wuxi, CHN, 214199
Jiangsu Hongdou Industry Co Ltd produces and sells clothing, knitwear and nylon yarn. It is also involved in design, development, and sales of smart wearable devices; shoes, hats, and leather goods , Luggage, eyewear; sales of sanitary ware, daily necessities, cosmetics, hygiene products, stationery, sporting goods, arts and crafts, food, household appliances, electronics, furniture, props, lamps, audio equipment; and books and periodicals.
Executives
Yang Qi Sheng senior management
Ren Lang Ning Director
Wang Chang Hui Directors, senior managers
Meng Xiao Ping senior management
Gu Jin Long Directors, senior managers
Dai Min Jun Director
Tan Xiao Xia senior management
He Xu Li Supervisors
Ye Wei Supervisors
Xu Jian Feng Supervisors
Gu Yan Chun Director
Min Jie Director
Zhou Hong Jiang Director
Xi Feng Supervisors
Liu Lian Hong Director

Jiangsu Hongdou Industry Co Headlines

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