Shenzhen Ellassay Fashion Co (SHSE:603808) ROCE % : -1.29% (As of Sep. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Shenzhen Ellassay Fashion 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. Shenzhen Ellassay Fashion Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.29%.

Shenzhen Ellassay Fashion Co ROCE % Historical Data

The historical data trend for Shenzhen Ellassay Fashion 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.

Shenzhen Ellassay Fashion Co ROCE % Chart

Shenzhen Ellassay Fashion Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

17.24

18.01

12.81

3.36

6.83

Shenzhen Ellassay Fashion 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															5.69	1.66	7.52	6.88	-1.29

Shenzhen Ellassay Fashion Co ROCE % Calculation

Shenzhen Ellassay Fashion 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 )
	=	246.034	/	( ( (4343.456 - 798.732)	+	(4621.99 - 959.275) )	/ 2 )
	=	246.034	/	( (3544.724	+	3662.715)	/ 2 )
	=	246.034	/	3603.7195
	=	6.83 %

Shenzhen Ellassay Fashion 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 )
	=	-45.664	/	( ( (4417.583 - 835.248)	+	(4383.006 - 877.092) )	/ 2 )
	=	-45.664	/	( ( 3582.335	+	3505.914 )	/ 2 )
	=	-45.664	/	3544.1245
	=	-1.29 %

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

Shenzhen Ellassay Fashion Co (SHSE:603808) 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.

Shenzhen Ellassay Fashion Co ROCE % Related Terms

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

Shenzhen Ellassay Fashion Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhen Ellassay Fashion Co Ltd (SHSE:603808) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Tian'an Innovation and Technology Plaza, Building 1901-1905, Chegongmiao, Futian District, ShenZhen, CHN, 518048

Website

http://www.ellassay.com

Shenzhen Ellassay Fashion Co Ltd is engaged in designing, manufacturing, distribution, and retail of women's apparel. It's a China-based firm which has its own brands Ellassay, Laurel, IRO Paris, ED Hardy, Vivienne Tam.

Executives

Ding Tian Peng	Supervisors
Xia Guo Xin	Director

Shenzhen Ellassay Fashion Co Headlines

No Headlines