QuMei Home Furnishings Group Co (SHSE:603818) ROCE % : -1.76% (As of Mar. 2024)

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What is QuMei Home Furnishings 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. QuMei Home Furnishings Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.76%.

QuMei Home Furnishings Group Co ROCE % Historical Data

The historical data trend for QuMei Home Furnishings 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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QuMei Home Furnishings Group Co ROCE % Chart

QuMei Home Furnishings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.93

7.47

4.47

6.44

-0.49

QuMei Home Furnishings 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															-2.40	-0.83	1.42	-0.19	-1.76

QuMei Home Furnishings Group Co ROCE % Calculation

QuMei Home Furnishings 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 )
	=	-23.685	/	( ( (7625.832 - 3573.86)	+	(6956.573 - 1340.056) )	/ 2 )
	=	-23.685	/	( (4051.972	+	5616.517)	/ 2 )
	=	-23.685	/	4834.2445
	=	-0.49 %

QuMei Home Furnishings 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 )
	=	-98.744	/	( ( (6956.573 - 1340.056)	+	(6995.271 - 1383.952) )	/ 2 )
	=	-98.744	/	( ( 5616.517	+	5611.319 )	/ 2 )
	=	-98.744	/	5613.918
	=	-1.76 %

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

QuMei Home Furnishings Group Co (SHSE:603818) 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.

QuMei Home Furnishings Group Co ROCE % Related Terms

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QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » QuMei Home Furnishings Group Co Ltd (SHSE:603818) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102

Website

http://www.qumei.com

QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.

Executives

Zhao Rui Hai	Director
Zhao Rui Bin	Director
Wu Na Ni	Director
Xie Wen Bin	Director
Zhao Rui Jie	Director
Sun Hai Feng	Director
Rao Shui Yuan	Director
Wang Li Ping	Supervisors
Xu Guo Jun	Supervisors

QuMei Home Furnishings Group Co (SHSE:603818) Headlines

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