Xingye Leather Technology Co (SZSE:002674) ROCE % : 12.15% (As of Sep. 2024)

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What is Xingye Leather Technology 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. Xingye Leather Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.15%.

Xingye Leather Technology Co ROCE % Historical Data

The historical data trend for Xingye Leather Technology 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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Xingye Leather Technology Co ROCE % Chart

Xingye Leather Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.35

6.72

9.58

8.27

10.39

Xingye Leather Technology 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															17.75	3.97	7.58	6.10	12.15

Xingye Leather Technology Co ROCE % Calculation

Xingye Leather Technology 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 )
	=	296.446	/	( ( (3787.05 - 1179.595)	+	(4112.131 - 1010.522) )	/ 2 )
	=	296.446	/	( (2607.455	+	3101.609)	/ 2 )
	=	296.446	/	2854.532
	=	10.39 %

Xingye Leather Technology 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 )
	=	372.24	/	( ( (4277.228 - 1234.014)	+	(4326.479 - 1243.379) )	/ 2 )
	=	372.24	/	( ( 3043.214	+	3083.1 )	/ 2 )
	=	372.24	/	3063.157
	=	12.15 %

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

Xingye Leather Technology Co (SZSE:002674) 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.

Xingye Leather Technology Co ROCE % Related Terms

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Xingye Leather Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Xingye Leather Technology Co Ltd (SZSE:002674) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1, Xingye Road, Anhai Second Industrial Zone, Fujian Province, Jinjiang, CHN, 362261

Website

http://www.xingyeleather.com

Xingye Leather Technology Co Ltd is engaged as a supplier of shoe leather materials. The products of the company include Napa series, natural wrestling series, and special effect leather series.

Executives

Sun Hui Yong	Directors, executives
Cai Yi Lei	Executives
Cai Jian She	Directors, executives
Wu Hua Chun	Director
Li Guang Qing	Executives
Su Jian Zhong	Supervisors
Zhang Liang	Securities Affairs Representative
Ran Chong Yuan	Directors, executives
Wu Mei Li	Directors, executives

Xingye Leather Technology Co Headlines

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