Anhui Korrun Co (SZSE:300577) ROCE % : 15.90% (As of Mar. 2024)

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What is Anhui Korrun 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 Korrun Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.90%.

Anhui Korrun Co ROCE % Historical Data

The historical data trend for Anhui Korrun 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 Korrun Co ROCE % Chart

Anhui Korrun Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.69

7.48

11.06

5.51

8.75

Anhui Korrun 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															9.07	10.50	10.51	3.94	15.90

Anhui Korrun Co ROCE % Calculation

Anhui Korrun 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 )
	=	195.338	/	( ( (3516.391 - 1433.481)	+	(3587.961 - 1205.938) )	/ 2 )
	=	195.338	/	( (2082.91	+	2382.023)	/ 2 )
	=	195.338	/	2232.4665
	=	8.75 %

Anhui Korrun 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 )
	=	391.752	/	( ( (3587.961 - 1205.938)	+	(3689.437 - 1144.951) )	/ 2 )
	=	391.752	/	( ( 2382.023	+	2544.486 )	/ 2 )
	=	391.752	/	2463.2545
	=	15.90 %

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

Anhui Korrun Co (SZSE:300577) 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 Korrun Co ROCE % Related Terms

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Anhui Korrun Co (SZSE:300577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Anhui Korrun Co Ltd (SZSE:300577) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1555, Tongle East Road, Anhui Province, Nanxun District, Chenzhou, CHN, 239000

Website

http://www.korrun.com

Anhui Korrun Co Ltd is engaged in design, development and sales of luggage and lifestyle accessories. Its products include backpacks, briefcases, templates of smartphones and PADs, luggage, and outdoor and sports products.

Executives

Gao Xiao Min	Directors, executives
Fan Jin Song	Directors, executives
Zhong Zhi Guo	Directors, executives
Ding Li Jun	Executives
Cai Gang	Supervisors
Fan Li Juan	Supervisors

Anhui Korrun Co (SZSE:300577) Headlines

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