Toread Holdings Group Co (SZSE:300005) ROCE % : 3.05% (As of Sep. 2024)

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What is Toread Holdings Group 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. Toread Holdings Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.05%.

Toread Holdings Group Co ROCE % Historical Data

The historical data trend for Toread Holdings Group 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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Toread Holdings Group Co ROCE % Chart

Toread Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.77

-13.87

3.42

2.85

2.46

Toread Holdings Group 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															5.01	2.18	14.54	2.32	3.05

Toread Holdings Group Co ROCE % Calculation

Toread Holdings Group 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 )
	=	53.42	/	( ( (2635.313 - 432.445)	+	(2636.22 - 499.049) )	/ 2 )
	=	53.42	/	( (2202.868	+	2137.171)	/ 2 )
	=	53.42	/	2170.0195
	=	2.46 %

Toread Holdings Group 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 )
	=	66.552	/	( ( (2536.535 - 353.216)	+	(2697.572 - 519.311) )	/ 2 )
	=	66.552	/	( ( 2183.319	+	2178.261 )	/ 2 )
	=	66.552	/	2180.79
	=	3.05 %

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

Toread Holdings Group Co (SZSE:300005) 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.

Toread Holdings Group Co ROCE % Related Terms

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Toread Holdings Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Toread Holdings Group Co Ltd (SZSE:300005) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

609, Yong'an Road, Science and Technology Park, Changping District, Beijing, CHN, 100088

Website

http://www.toread.com.cn

Toread Holdings Group Co Ltd is engaged in the research and development, design, production and retail of outdoor products. It offers skin suits, children's outdoor equipment, and outdoor sports shoes, as well as equipment supplies.

Executives

Yang Lei	Supervisors
Xue Liang Feng	Executives
Sun Guo Liang	Executives
Zhang Zhi Fei	Directors, executives
He Hua Jie	Directors, executives
Chen Xu	Executives
Zhang Cheng	Directors, Directors, and Executives
Sheng Fa Qiang	Director
Zhen Hao	Executives
Peng Xin	Directors, executives
Zhang Tao	Executives
Tao Xu	Securities Affairs Representative
Jiang Zhong Fu	Directors, executives
Wang Jing	Director
Li Xiao Yu	Supervisors

Toread Holdings Group Co Headlines

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