Zhejiang Natural Outdoor Goods (SHSE:605080) ROCE % : 13.65% (As of Sep. 2024)

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What is Zhejiang Natural Outdoor Goods 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. Zhejiang Natural Outdoor Goods's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.65%.

Zhejiang Natural Outdoor Goods ROCE % Historical Data

The historical data trend for Zhejiang Natural Outdoor Goods'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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Zhejiang Natural Outdoor Goods ROCE % Chart

Zhejiang Natural Outdoor Goods Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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32.79

30.38

21.87

14.32

8.01

Zhejiang Natural Outdoor Goods 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															2.96	-0.50	9.67	15.08	13.65

Zhejiang Natural Outdoor Goods ROCE % Calculation

Zhejiang Natural Outdoor Goods'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 )
	=	149.236	/	( ( (1990.366 - 183.953)	+	(2156.033 - 234.167) )	/ 2 )
	=	149.236	/	( (1806.413	+	1921.866)	/ 2 )
	=	149.236	/	1864.1395
	=	8.01 %

Zhejiang Natural Outdoor Goods'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 )
	=	276.44	/	( ( (2337.695 - 327.847)	+	(2399.579 - 359.134) )	/ 2 )
	=	276.44	/	( ( 2009.848	+	2040.445 )	/ 2 )
	=	276.44	/	2025.1465
	=	13.65 %

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

Zhejiang Natural Outdoor Goods (SHSE:605080) 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.

Zhejiang Natural Outdoor Goods ROCE % Related Terms

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Zhejiang Natural Outdoor Goods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Zhejiang Natural Outdoor Goods Inc (SHSE:605080) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Xiacao Village, Pingqiao Town, Tiantai County, Zhejiang Province, Taizhou, CHN, 317203

Website

http://www.zjnature.com

Zhejiang Natural Outdoor Goods Inc is engaged in the research and development, design, production and sales of outdoor sports products such as inflatable mattresses, outdoor luggage, headrest cushions and others.

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