CoCreation Grass Co (SHSE:605099) ROCE % : 18.46% (As of Sep. 2024)

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What is CoCreation Grass 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. CoCreation Grass Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.46%.

CoCreation Grass Co ROCE % Historical Data

The historical data trend for CoCreation Grass 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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CoCreation Grass Co ROCE % Chart

CoCreation Grass Co Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.67

31.24

19.97

22.23

19.71

CoCreation Grass 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															23.68	14.10	20.64	27.53	18.46

CoCreation Grass Co ROCE % Calculation

CoCreation Grass 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 )
	=	477.841	/	( ( (2830.443 - 509.324)	+	(3120.1 - 592.9) )	/ 2 )
	=	477.841	/	( (2321.119	+	2527.2)	/ 2 )
	=	477.841	/	2424.1595
	=	19.71 %

CoCreation Grass 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 )
	=	482.296	/	( ( (2950.794 - 399.939)	+	(3091.151 - 417.071) )	/ 2 )
	=	482.296	/	( ( 2550.855	+	2674.08 )	/ 2 )
	=	482.296	/	2612.4675
	=	18.46 %

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

CoCreation Grass Co (SHSE:605099) 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.

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CoCreation Grass Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » CoCreation Grass Co Ltd (SHSE:605099) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

66 Guangzhou East Road, Economic Development Zone, Huaian District, Jiangsu Province, Huaian, CHN, 223001

Website

http://www.ccgrass.cn

CoCreation Grass Co Ltd is a manufacturer of artificial grass providing the artificial turf for both athletic and landscape purposes. The company's products include football turf, hockey turf, rugby turf, tennis turf, and multi-sport turf and landscape grass.

Executives

Han Zhi Cheng	senior management
Li Lan Ying	senior management
Xiao Hui Shu	senior management
Chen Guo Qing	senior management
Chen Jin Gui	senior management
Zhao Chun Gui	senior management
Jiang Shi Yi	Directors, senior managers

CoCreation Grass Co Headlines

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