TPSRF (Topsports International Holdings) ROCE % : 21.08% (As of Aug. 2024)

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What is Topsports International Holdings 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. Topsports International Holdings's annualized ROCE % for the quarter that ended in Aug. 2024 was 21.08%.

Topsports International Holdings ROCE % Historical Data

The historical data trend for Topsports International Holdings'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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Topsports International Holdings ROCE % Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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37.98

33.84

28.37

19.88

24.89

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
ROCE %	Get a 7-Day Free Trial										25.08	15.35	30.10	19.85	21.08

Topsports International Holdings ROCE % Calculation

Topsports International Holdings's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	404.045	/	( ( (2459.886 - 770.445)	+	(2021.825 - 465.212) )	/ 2 )
	=	404.045	/	( (1689.441	+	1556.613)	/ 2 )
	=	404.045	/	1623.027
	=	24.89 %

Topsports International Holdings's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	326.744	/	( ( (2021.825 - 465.212)	+	(2086.828 - 543.589) )	/ 2 )
	=	326.744	/	( ( 1556.613	+	1543.239 )	/ 2 )
	=	326.744	/	1549.926
	=	21.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2024) EBIT data.

Topsports International Holdings (OTCPK:TPSRF) 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.

Topsports International Holdings ROCE % Related Terms

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Topsports International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (OTCPK:TPSRF) » Definitions » ROCE %

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06110:Hong Kong

Address

30-34 Kwai Wing Road, M1, 6th Floor, The Edge, Kwai Chung, Kowloon, New Territories, Hong Kong, HKG

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.