Shenzhen Textile Holding Co (SZSE:000045) ROCE % : 3.70% (As of Mar. 2024)

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What is Shenzhen Textile Holding 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 Textile Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.70%.

Shenzhen Textile Holding Co ROCE % Historical Data

The historical data trend for Shenzhen Textile Holding 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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Shenzhen Textile Holding Co ROCE % Chart

Shenzhen Textile Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.36

1.23

1.98

1.57

3.63

Shenzhen Textile Holding 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															2.49	3.50	4.75	3.78	3.70

Shenzhen Textile Holding Co ROCE % Calculation

Shenzhen Textile Holding 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 )
	=	173.884	/	( ( (5617.137 - 804.256)	+	(5649.822 - 883.976) )	/ 2 )
	=	173.884	/	( (4812.881	+	4765.846)	/ 2 )
	=	173.884	/	4789.3635
	=	3.63 %

Shenzhen Textile Holding 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 )
	=	176.176	/	( ( (5649.822 - 883.976)	+	(5668.402 - 898.398) )	/ 2 )
	=	176.176	/	( ( 4765.846	+	4770.004 )	/ 2 )
	=	176.176	/	4767.925
	=	3.70 %

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

Shenzhen Textile Holding Co (SZSE:000045) 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 Textile Holding Co ROCE % Related Terms

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Shenzhen Textile Holding Co (SZSE:000045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhen Textile Holding Co (SZSE:000045) » Definitions » ROCE %

Traded in Other Exchanges

200045:China

Address

No.3 Huaqiang North Road, 6th Floor, Shenfang Building, Futian District, Guangdong, Shenzhen, CHN, 518031

Website

http://www.chinasthc.com

Shenzhen Textile Holding Co engaged in manufacturing and sale of textile, garment, polarizers and its relevant products, as well as property leasing, warehousing, real estate development, hotel, photoelectron materials manufacturing. Its business consists of production and marketing of polarizer's for liquid crystal display and knitted garment, management operations which include leasing of commercial spaces, factories, office buildings, warehouses, and others. The company business activities include clothing, upholstery fabrics, belts, trademark bands, handicrafts, and others.

Shenzhen Textile Holding Co (SZSE:000045) Headlines

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