Henglin Home Furnishings Co (SHSE:603661) ROCE % : 6.54% (As of Sep. 2024)

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What is Henglin Home Furnishings 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. Henglin Home Furnishings Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.54%.

Henglin Home Furnishings Co ROCE % Historical Data

The historical data trend for Henglin Home Furnishings 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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Henglin Home Furnishings Co ROCE % Chart

Henglin Home Furnishings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.23

14.45

11.62

10.91

9.23

Henglin Home Furnishings 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															8.52	-2.59	11.05	12.36	6.54

Henglin Home Furnishings Co ROCE % Calculation

Henglin Home Furnishings 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 )
	=	444.868	/	( ( (8801.607 - 4346.305)	+	(9583.013 - 4399.795) )	/ 2 )
	=	444.868	/	( (4455.302	+	5183.218)	/ 2 )
	=	444.868	/	4819.26
	=	9.23 %

Henglin Home Furnishings 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 )
	=	368.356	/	( ( (10454.024 - 5017.788)	+	(10917.587 - 5087.211) )	/ 2 )
	=	368.356	/	( ( 5436.236	+	5830.376 )	/ 2 )
	=	368.356	/	5633.306
	=	6.54 %

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

Henglin Home Furnishings Co (SHSE:603661) 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.

Henglin Home Furnishings Co ROCE % Related Terms

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Henglin Home Furnishings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Henglin Home Furnishings Co Ltd (SHSE:603661) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 378-380, Jiaxi Road, Dipu Street, Dipu Town, Anji County, Huzhou, CHN, 313300

Website

http://w.henglin.com

Henglin Home Furnishings Co Ltd manufactures and markets office furniture. The company integrates research and development, manufacturing and selling a health range product like office chairs, sofas, and massage chairs. It has several retailers in Europe, the United States, Japan, and other overseas markets.

Executives

Ceng Wei

Director

Henglin Home Furnishings Co Headlines

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