Fujian Dongbai (Group) Co (SHSE:600693) ROCE % : 6.73% (As of Mar. 2024)

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What is Fujian Dongbai (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. Fujian Dongbai (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.73%.

Fujian Dongbai (Group) Co ROCE % Historical Data

The historical data trend for Fujian Dongbai (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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Fujian Dongbai (Group) Co ROCE % Chart

Fujian Dongbai (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.83

6.34

4.95

4.69

6.61

Fujian Dongbai (Group) 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															6.09	8.22	5.11	6.92	6.73

Fujian Dongbai (Group) Co ROCE % Calculation

Fujian Dongbai (Group) 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 )
	=	589.476	/	( ( (14497.444 - 5576.793)	+	(14542.537 - 5633.884) )	/ 2 )
	=	589.476	/	( (8920.651	+	8908.653)	/ 2 )
	=	589.476	/	8914.652
	=	6.61 %

Fujian Dongbai (Group) 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 )
	=	599.408	/	( ( (14542.537 - 5633.884)	+	(14473.651 - 5568.862) )	/ 2 )
	=	599.408	/	( ( 8908.653	+	8904.789 )	/ 2 )
	=	599.408	/	8906.721
	=	6.73 %

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

Fujian Dongbai (Group) Co (SHSE:600693) 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.

Fujian Dongbai (Group) Co ROCE % Related Terms

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Fujian Dongbai (Group) Co (SHSE:600693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fujian Dongbai (Group) Co Ltd (SHSE:600693) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 84 Bayiqi North Road, Fuzhou, Fujian, CHN, 350001

Website

http://www.dongbai.com

Fujian Dongbai (Group) Co Ltd operates in the retail business. The company operates a department store chain that deals with fashion brands, jewelry, men and female clothing, shoes, and other categories. Geographically the activities are carried out through China.

Executives

Shi Xia	Director
Liu Yi	Director
Wang Xiang Hong	Supervisors
Wei Li Ping	Director
Li Peng	senior management
Song Ke Jun	Director
Xue Jian	senior management
Bi De Cai	Director
Yu Yi Hong	Director
Shi Min Xiu	Supervisors
Wang Jin Rong	Supervisors

Fujian Dongbai (Group) Co (SHSE:600693) Headlines

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