Chengdu Fusen Noble-House Industrial Co (SZSE:002818) ROCE % : 14.38% (As of Mar. 2024)

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What is Chengdu Fusen Noble-House Industrial 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. Chengdu Fusen Noble-House Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.38%.

Chengdu Fusen Noble-House Industrial Co ROCE % Historical Data

The historical data trend for Chengdu Fusen Noble-House Industrial 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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Chengdu Fusen Noble-House Industrial Co ROCE % Chart

Chengdu Fusen Noble-House Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.17

17.16

18.32

15.25

15.74

Chengdu Fusen Noble-House Industrial 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															17.38	15.53	15.13	14.97	14.38

Chengdu Fusen Noble-House Industrial Co ROCE % Calculation

Chengdu Fusen Noble-House Industrial 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 )
	=	968.173	/	( ( (7067.544 - 926.795)	+	(7065.301 - 904.652) )	/ 2 )
	=	968.173	/	( (6140.749	+	6160.649)	/ 2 )
	=	968.173	/	6150.699
	=	15.74 %

Chengdu Fusen Noble-House Industrial 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 )
	=	899.872	/	( ( (7065.301 - 904.652)	+	(7464.118 - 1110.383) )	/ 2 )
	=	899.872	/	( ( 6160.649	+	6353.735 )	/ 2 )
	=	899.872	/	6257.192
	=	14.38 %

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

Chengdu Fusen Noble-House Industrial Co (SZSE:002818) 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.

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Chengdu Fusen Noble-House Industrial Co (SZSE:002818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Chengdu Fusen Noble-House Industrial Co Ltd (SZSE:002818) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 68, Jiangjun Road, Rongdu Avenue, Sichuan Province, Chengdu, CHN

Website

http://www.fsmjj.cn

Chengdu Fusen Noble-House Industrial Co Ltd is specializing in the planning, investment, construction and operation of large-scale building materials and home commercial stores.

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