Grand Ocean Retail Group (TPE:5907) ROCE % : 0.27% (As of Sep. 2024)

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What is Grand Ocean Retail Group 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. Grand Ocean Retail Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.27%.

Grand Ocean Retail Group ROCE % Historical Data

The historical data trend for Grand Ocean Retail Group'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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Grand Ocean Retail Group ROCE % Chart

Grand Ocean Retail Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.70

2.19

3.04

0.43

-6.14

Grand Ocean Retail Group 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															-0.82	-25.49	1.38	2.69	0.27

Grand Ocean Retail Group ROCE % Calculation

Grand Ocean Retail Group'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 )
	=	-1172.917	/	( ( (25381.147 - 5202.977)	+	(24236.402 - 6194.473) )	/ 2 )
	=	-1172.917	/	( (20178.17	+	18041.929)	/ 2 )
	=	-1172.917	/	19110.0495
	=	-6.14 %

Grand Ocean Retail Group'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 )
	=	49.772	/	( ( (24381.264 - 6233.039)	+	(24469.792 - 5963.098) )	/ 2 )
	=	49.772	/	( ( 18148.225	+	18506.694 )	/ 2 )
	=	49.772	/	18327.4595
	=	0.27 %

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

Grand Ocean Retail Group (TPE:5907) 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.

Grand Ocean Retail Group ROCE % Related Terms

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Grand Ocean Retail Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Grand Ocean Retail Group Ltd (TPE:5907) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 237, Fuxing South Road, 14th Floor, Section 2, Da\'an District, Taipei, TWN, 106

Website

http://www.grandocean.com.tw

Grand Ocean Retail Group Ltd operates department stores in China. The company is engaged in the operation and management of department stores in Nanjing, Wuhan, Chongqing, Fuzhou, Suzhou, Quanzhou, Xiangtan, Hengyang, Yichang, and Hefei cities. It generates revenue from Commission and Commodity Sales. The main revenues of the group come from the department store retail business. It has fourteen department stores have been officially put into operation in nine cities including Shiyan (including Fuzhou Jiarui Xing's underground shopping mall business.

Grand Ocean Retail Group Headlines

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