GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Huafang Co Ltd (SHSE:600448) » Definitions » ROCE %

Huafang Co (SHSE:600448) ROCE % : 4.61% (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Huafang 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. Huafang Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.61%.


Huafang Co ROCE % Historical Data

The historical data trend for Huafang 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.

Huafang Co ROCE % Chart

Huafang 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 4.60 5.35 1.34 -0.76 5.83

Huafang 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 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 4.51 4.40 6.76 7.63 4.61

Huafang Co ROCE % Calculation

Huafang 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 )
=85.702/( ( (3738.709 - 2197.139) + (3486.806 - 2086.052) )/ 2 )
=85.702/( (1541.57+1400.754)/ 2 )
=85.702/1471.162
=5.83 %

Huafang 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 )
=65.384/( ( (3486.806 - 2086.052) + (3522.212 - 2084.677) )/ 2 )
=65.384/( ( 1400.754 + 1437.535 )/ 2 )
=65.384/1419.1445
=4.61 %

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


Huafang Co  (SHSE:600448) 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.


Huafang Co ROCE % Related Terms

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


Huafang Co (SHSE:600448) Business Description

Traded in Other Exchanges
N/A
Address
No. 819 Huanghe 2nd Road, Shandong Province, Binzhou, CHN, 256617
Huafang Co Ltd is engaged in the production, distribution and export of fabrics, printed fabrics, textile fabrics, bedding, and dresses. The company provides textile products, fabric series, cloth series, bedding series, clothing line & among others.
Executives
Zhao Yu Zhong Director
Yan Ying Shan Director
Sheng Shou Xiang senior management
Wang Guo Dong Supervisors
Ju Li Yan senior management
Liu Shui Chao Director
Wang Li Min Director
Liu Lian Fei Supervisors
Chen Bao Jun Director
Li Feng Ming senior management
Bao Fang Ming Director
Luo Wei Xin senior management
Qin Hong Zhang Supervisors

Huafang Co (SHSE:600448) Headlines

No Headlines