Anhui Deli Household Glass Co (SZSE:002571) ROCE % : 2.73% (As of Mar. 2024)

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What is Anhui Deli Household Glass 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. Anhui Deli Household Glass Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.73%.

Anhui Deli Household Glass Co ROCE % Historical Data

The historical data trend for Anhui Deli Household Glass 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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Anhui Deli Household Glass Co ROCE % Chart

Anhui Deli Household Glass Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.83

0.87

1.86

-4.89

-3.92

Anhui Deli Household Glass 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															-11.74	1.10	0.76	-6.14	2.73

Anhui Deli Household Glass Co ROCE % Calculation

Anhui Deli Household Glass 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 )
	=	-65.307	/	( ( (2795.915 - 1236.626)	+	(3073.219 - 1297.097) )	/ 2 )
	=	-65.307	/	( (1559.289	+	1776.122)	/ 2 )
	=	-65.307	/	1667.7055
	=	-3.92 %

Anhui Deli Household Glass 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 )
	=	47.932	/	( ( (3073.219 - 1297.097)	+	(3168.007 - 1431.785) )	/ 2 )
	=	47.932	/	( ( 1776.122	+	1736.222 )	/ 2 )
	=	47.932	/	1756.172
	=	2.73 %

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

Anhui Deli Household Glass Co (SZSE:002571) 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.

Anhui Deli Household Glass Co ROCE % Related Terms

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Anhui Deli Household Glass Co (SZSE:002571) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Anhui Deli Household Glass Co Ltd (SZSE:002571) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fengyang County Industrial Park, Anhui, Cangzhou, CHN, 233121

Website

http://www.deliglass.com

Anhui Deli Household Glass Co Ltd operates in glassware industry. The company is engaged in the manufacture and production of glassware products.

Executives

Peng Yu Xi	Executives
Wei Shu Yun	Supervisors
Yu Le	Directors, Directors, and Executives
Shi Wei Dong	Directors, executives
Peng Yi	Director
Zhou Wei Zhong	Executives
Huang Xiao Zu	Supervisors
Yu Zhi Chun	Directors, executives
Zhang Da	Directors, executives
Zhang Bo Ping	Director
Xiao Hu	Director

Anhui Deli Household Glass Co (SZSE:002571) Headlines

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