Huafu Fashion Co (SZSE:002042) ROCE % : 2.55% (As of Sep. 2024)

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What is Huafu Fashion 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. Huafu Fashion Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.55%.

Huafu Fashion Co ROCE % Historical Data

The historical data trend for Huafu Fashion 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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Huafu Fashion Co ROCE % Chart

Huafu Fashion Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.14

-3.09

12.14

-1.02

5.36

Huafu Fashion 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															4.92	7.27	3.94	4.02	2.55

Huafu Fashion Co ROCE % Calculation

Huafu Fashion 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 )
	=	416.27	/	( ( (18144.769 - 10089.71)	+	(17041.273 - 9556.76) )	/ 2 )
	=	416.27	/	( (8055.059	+	7484.513)	/ 2 )
	=	416.27	/	7769.786
	=	5.36 %

Huafu Fashion 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 )
	=	190.548	/	( ( (17577.527 - 10080.219)	+	(17383.706 - 9914.579) )	/ 2 )
	=	190.548	/	( ( 7497.308	+	7469.127 )	/ 2 )
	=	190.548	/	7483.2175
	=	2.55 %

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

Huafu Fashion Co (SZSE:002042) 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.

Huafu Fashion Co ROCE % Related Terms

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Huafu Fashion Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Huafu Fashion Co Ltd (SZSE:002042) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.6, Shishan Road, Leishan District, Anhui Province, Huaibei, CHN, 518033

Website

http://www.e-huafu.com

Huafu Fashion Co Ltd is a China-based supplier and manufacturer of melange yarn. It also offers raw-white yarn, dyed yarn, semi-worsted yarn and open-end spinning yarn. The company provides added-value services such as fashion trend, certification of ingredients and products, and technical consultancy. The products of the company are sold in China and other international countries.

Executives

Zhu Cui Yun	Executives
Chen Shou Rong	Supervisors
Sun Xiao Ting	Directors, executives
Sun Wei Ting	Director
Chen Liang	Executives
Song Jiang	Executives
Chen Jie Neng	Supervisors
Ding Min	Securities Affairs Representative
Gu Zhen Hua	Supervisors
Sheng Yong Yue	Supervisors

Huafu Fashion Co Headlines

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