Bros Eastern Co (SHSE:601339) ROCE % : 8.35% (As of Sep. 2024)

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What is Bros Eastern 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. Bros Eastern Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.35%.

Bros Eastern Co ROCE % Historical Data

The historical data trend for Bros Eastern 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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Bros Eastern Co ROCE % Chart

Bros Eastern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.81

6.26

16.84

17.36

6.73

Bros Eastern 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															11.50	1.16	5.56	7.15	8.35

Bros Eastern Co ROCE % Calculation

Bros Eastern 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 )
	=	776.25	/	( ( (16206.454 - 4405.195)	+	(16084.452 - 4805.135) )	/ 2 )
	=	776.25	/	( (11801.259	+	11279.317)	/ 2 )
	=	776.25	/	11540.288
	=	6.73 %

Bros Eastern 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 )
	=	917.108	/	( ( (14942.567 - 4046.429)	+	(14746.53 - 3672.911) )	/ 2 )
	=	917.108	/	( ( 10896.138	+	11073.619 )	/ 2 )
	=	917.108	/	10984.8785
	=	8.35 %

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

Bros Eastern Co (SHSE:601339) 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.

Bros Eastern Co ROCE % Related Terms

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Bros Eastern Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bros Eastern Co Ltd (SHSE:601339) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1 Nan'er East Road, LuoTuo Town ZhenHai District, Ningbo, CHN, 315200

Website

http://www.broseastern.com

Bros Eastern Co Ltd operates in the textile industry. The company is specialized in research and development, manufacturing and marketing of top-dyed melange yarn. Its products are categories into classical series, neo yarn series, and trend colors.

Executives

Zhang Kui	Director
Yang Yong	Director
Dong Qi Han	senior management
Zhou Li Wen	senior management
Mai Jia Liang	Director
Zhong Zheng Yuan	Supervisors
Qian Ya Bin	Director
Yang Wei Guo	Director
Yang Wei Xin	Director

Bros Eastern Co Headlines

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