Cedar Development Co (SZSE:002485) ROCE % : -3.50% (As of Sep. 2024)

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What is Cedar Development 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. Cedar Development Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.50%.

Cedar Development Co ROCE % Historical Data

The historical data trend for Cedar Development 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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Cedar Development Co ROCE % Chart

Cedar Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.02

1.14

-18.70

-16.93

1.65

Cedar Development 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															-3.89	-9.65	-0.64	-2.23	-3.50

Cedar Development Co ROCE % Calculation

Cedar Development 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 )
	=	23.308	/	( ( (2746.692 - 1311.455)	+	(1961.242 - 579.1) )	/ 2 )
	=	23.308	/	( (1435.237	+	1382.142)	/ 2 )
	=	23.308	/	1408.6895
	=	1.65 %

Cedar Development 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 )
	=	-47.42	/	( ( (1812.217 - 450.181)	+	(1840.881 - 493.424) )	/ 2 )
	=	-47.42	/	( ( 1362.036	+	1347.457 )	/ 2 )
	=	-47.42	/	1354.7465
	=	-3.50 %

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

Cedar Development Co (SZSE:002485) 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.

Cedar Development Co ROCE % Related Terms

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Cedar Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cedar Development Co Ltd (SZSE:002485) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7877, Shunwang Avenue, Shunwang Street, Shandong Province, Zhucheng, CHN, 510700

Website

https://www.cedardevt.com

Cedar Development Co Ltd designs, produces and sells suits, shirts, and apparel products. Its products include men's suits, trousers, shirts, and coats; T-shirts, jackets, and long-sleeved shirts; and women's coats, as well as other clothing products. The company distributes its products in domestic market and to overseas markets.

Executives

Wu Tie Ji	Supervisors
Wang Jin Bin	Executives
Wang Gui Bo	Director
Xu Guang Ning	Director

Cedar Development Co Headlines

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