Zhejiang Supor Co (SZSE:002032) ROCE % : 43.77% (As of Sep. 2024)

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What is Zhejiang Supor 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. Zhejiang Supor Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 43.77%.

Zhejiang Supor Co ROCE % Historical Data

The historical data trend for Zhejiang Supor 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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Zhejiang Supor Co ROCE % Chart

Zhejiang Supor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.55

30.82

31.45

33.90

39.01

Zhejiang Supor 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															43.00	64.37	34.48	38.10	43.77

Zhejiang Supor Co ROCE % Calculation

Zhejiang Supor 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 )
	=	2695.245	/	( ( (12952.656 - 5715.104)	+	(13106.704 - 6524.495) )	/ 2 )
	=	2695.245	/	( (7237.552	+	6582.209)	/ 2 )
	=	2695.245	/	6909.8805
	=	39.01 %

Zhejiang Supor 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 )
	=	2453.512	/	( ( (11102.81 - 5765.582)	+	(11981.343 - 6106.722) )	/ 2 )
	=	2453.512	/	( ( 5337.228	+	5874.621 )	/ 2 )
	=	2453.512	/	5605.9245
	=	43.77 %

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

Zhejiang Supor Co (SZSE:002032) 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 Supor Co ROCE % Related Terms

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Zhejiang Supor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Supor Co Ltd (SZSE:002032) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15th Floor, Supor Building, No. 1772 Jianghui Road, Hangzhou High-tech Industrial Zone, Zhejiang Province, Hangzhou, CHN, 310051

Website

https://www.supor.com.cn

Supor is one of the largest kitchen electric appliance, cookware, and utensil manufacturers in China, with a business footprint in most Chinese provinces through online and offline channels. In 2007, France-based kitchen appliance producer Groupe SEB acquired 53% of Supor's shares and became its controlling shareholder. Groupe SEB held 82% of Supor's equity interest as of June 2024. Aside from domestic presence, Supor generates about 30% of revenue from North American, Latin American, European, and Asian markets, mainly through Groupe SEB's distribution network.

Executives

Xu Bo	Executives
Su Xian Ze	Director
Ye Ji De	Directors, executives
Su Ming Rui	Executives
Lu Lan Hua	Supervisors
Yan Jue Ming	Supervisors
Wang Feng He	Executives
Zhang Dong Li	Director

Zhejiang Supor Co Headlines

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