Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) ROCE % : 15.38% (As of Mar. 2024)

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What is Shenzhen Fuanna Bedding and Furnishing 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 Fuanna Bedding and Furnishing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.38%.

Shenzhen Fuanna Bedding and Furnishing Co ROCE % Historical Data

The historical data trend for Shenzhen Fuanna Bedding and Furnishing 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 Fuanna Bedding and Furnishing Co ROCE % Chart

Shenzhen Fuanna Bedding and Furnishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.88

16.59

17.96

16.84

17.78

Shenzhen Fuanna Bedding and Furnishing 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															14.64	14.47	17.34	26.91	15.38

Shenzhen Fuanna Bedding and Furnishing Co ROCE % Calculation

Shenzhen Fuanna Bedding and Furnishing 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 )
	=	701.67	/	( ( (4673.565 - 787.108)	+	(4944.864 - 937.159) )	/ 2 )
	=	701.67	/	( (3886.457	+	4007.705)	/ 2 )
	=	701.67	/	3947.081
	=	17.78 %

Shenzhen Fuanna Bedding and Furnishing 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 )
	=	624.832	/	( ( (4944.864 - 937.159)	+	(4899.078 - 783.662) )	/ 2 )
	=	624.832	/	( ( 4007.705	+	4115.416 )	/ 2 )
	=	624.832	/	4061.5605
	=	15.38 %

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

Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) 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 Fuanna Bedding and Furnishing Co ROCE % Related Terms

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Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhen Fuanna Bedding and Furnishing Co Ltd (SZSE:002327) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Entrepreneur Nanyou Avenue West Road, Building 1, Bicycle Processing Factory, Nanshan District, Guangdong, Shenzhen, CHN, 518054

Website

http://www.fuanna.com.cn

Shenzhen Fuanna Bedding and Furnishing Co Ltd is a Chinese company involved in the home textile industry. It operates under four main brands: Fuanna, Bravo, Versai and St Foire.

Executives

Wang Kui	Executives
Lin Guo Fang	Directors, executives
He Xue Qing	Directors, executives
Chen Guo Hong	Directors, executives
Ming Chun	Supervisors
Zhang Mei	Supervisors
Tai Jian Shu	Executives
Xiao Lin Chun	Executives
Hu Zhen Chao	Directors, executives
Wei Yin Rui	Executives
Mei Lian Qing	Directors, executives

Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) Headlines

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