Hangzhou Wensli Silk Culture Co (SZSE:301066) ROCE % : 4.02% (As of Dec. 2024)

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What is Hangzhou Wensli Silk Culture 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. Hangzhou Wensli Silk Culture Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.02%.

Hangzhou Wensli Silk Culture Co ROCE % Historical Data

The historical data trend for Hangzhou Wensli Silk Culture 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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Hangzhou Wensli Silk Culture Co ROCE % Chart

Hangzhou Wensli Silk Culture Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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20.44

8.91

-0.99

5.82

5.23

Hangzhou Wensli Silk Culture Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															7.57	8.60	7.01	1.65	4.02

Hangzhou Wensli Silk Culture Co ROCE % Calculation

Hangzhou Wensli Silk Culture Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	38.163	/	( ( (934.938 - 265.856)	+	(1091.411 - 300.512) )	/ 2 )
	=	38.163	/	( (669.082	+	790.899)	/ 2 )
	=	38.163	/	729.9905
	=	5.23 %

Hangzhou Wensli Silk Culture Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	31.256	/	( ( (1006.092 - 241.335)	+	(1091.411 - 300.512) )	/ 2 )
	=	31.256	/	( ( 764.757	+	790.899 )	/ 2 )
	=	31.256	/	777.828
	=	4.02 %

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

Hangzhou Wensli Silk Culture Co (SZSE:301066) 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.

Hangzhou Wensli Silk Culture Co ROCE % Related Terms

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Hangzhou Wensli Silk Culture Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hangzhou Wensli Silk Culture Co Ltd (SZSE:301066) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 68 Tiancheng Road, Room 501, 5th Floor, Building 2, Wanshili Technology Building, Zhejiang Province, Hangzhou, CHN, 310021

Website

https://www.wensli.cn

Hangzhou Wensli Silk Culture Co Ltd is engaged in the research and development, design, production, and sales of silk related products. It develops high-end silk ornament and silk artworks based on traditional silk fabrics and silk garments. The company's main products can be divided into silk cultural and creative products (own terminal brands) and silk textile products (non-own terminal brands). The silk cultural and creative products with the Wanshili own brand as the core mainly include silk scarves, combination sets, home textiles, branded clothing, scarves, and silk crafts; and the silk textile products provided to women's clothing brands include silk fabrics, OEM clothing, and the digital printing processing services provided to customers by the company.

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