Elegant Home-tech Co (SHSE:603221) ROCE % : 8.86% (As of Mar. 2024)

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What is Elegant Home-tech 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. Elegant Home-tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.86%.

Elegant Home-tech Co ROCE % Historical Data

The historical data trend for Elegant Home-tech 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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Elegant Home-tech Co ROCE % Chart

Elegant Home-tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.68

9.25

0.05

-3.44

4.67

Elegant Home-tech 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															-4.82	3.27	8.76	11.13	8.86

Elegant Home-tech Co ROCE % Calculation

Elegant Home-tech 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 )
	=	77.202	/	( ( (2005.378 - 410.02)	+	(2223.403 - 510.53) )	/ 2 )
	=	77.202	/	( (1595.358	+	1712.873)	/ 2 )
	=	77.202	/	1654.1155
	=	4.67 %

Elegant Home-tech 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 )
	=	154.092	/	( ( (2223.403 - 510.53)	+	(2325.507 - 558.776) )	/ 2 )
	=	154.092	/	( ( 1712.873	+	1766.731 )	/ 2 )
	=	154.092	/	1739.802
	=	8.86 %

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

Elegant Home-tech Co (SHSE:603221) 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.

Elegant Home-tech Co ROCE % Related Terms

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Elegant Home-tech Co (SHSE:603221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elegant Home-tech Co Ltd (SHSE:603221) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hexing Street,Jinfeng Town, Jiangsu, Zhangjiagang, CHN, 215616

Website

http://www.eletile.com

Elegant Home-tech Co Ltd formerly known as Zhangjiagang Elegant Home-Tech Co Ltd is a manufacturer of Vinyl Floor Tiles in China. The company has both residential and commercial collections with more than 1,000 patterns for customer characterized by the look and feel of natural wood, stone, ceramic & carpet. Its products range includes Vinyl planks in wooden designs, Vinyl planks In-registered, Vinyl tiles in stone, marble, granite designs, Vinyl tiles in Carpet design, and Anti slip & Solid color Vinyl tiles.

Executives

Yang Wen Hai

Supervisors

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