Belle International Holdings (Belle International Holdings) ROCE % : 11.56% (As of Feb. 2017)

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What is Belle 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. Belle International Holdings's annualized ROCE % for the quarter that ended in Feb. 2017 was 11.56%.

Belle International Holdings ROCE % Historical Data

The historical data trend for Belle 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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Belle International Holdings ROCE % Chart

Belle International Holdings Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Feb14

Feb15

Feb16

Feb17

ROCE %

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25.16

23.13

25.20

17.63

15.03

Belle International Holdings Semi-Annual Data
	Dec06	Dec07	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
ROCE %	Get a 7-Day Free Trial														28.17	23.42	11.96	18.56	11.56

Belle International Holdings ROCE % Calculation

Belle International Holdings's annualized ROCE % for the fiscal year that ended in Feb. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2017 )		(A: Feb. 2016 )		(A: Feb. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2017 )		(A: Feb. 2016 )		(A: Feb. 2017 )
	=	584.185	/	( ( (4741.118 - 854.247)	+	(4621.306 - 733.295) )	/ 2 )
	=	584.185	/	( (3886.871	+	3888.011)	/ 2 )
	=	584.185	/	3887.441
	=	15.03 %

Belle International Holdings's ROCE % of for the quarter that ended in Feb. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2017 )		(Q: Aug. 2016 )		(Q: Feb. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2017 )		(Q: Aug. 2016 )		(Q: Feb. 2017 )
	=	457.536	/	( ( (4737.67 - 707.174)	+	(4621.306 - 733.295) )	/ 2 )
	=	457.536	/	( ( 4030.496	+	3888.011 )	/ 2 )
	=	457.536	/	3959.2535
	=	11.56 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2017) EBIT data.

Belle International Holdings (OTCPK:BELLY) 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.

Belle International Holdings ROCE % Related Terms

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Belle International Holdings (Belle International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Belle International Holdings Ltd (OTCPK:BELLY) » Definitions » ROCE %

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Address

Website

http://www.belleintl.com

Belle International is China's largest women's footwear retailer. Founded in 1992, and headquartered in Hong Kong, Belle owns six of China's top 10 women's footwear brands, commanding as much as 25% market share in fiscal 2013. In addition to the manufacturing and distribution of female footwear, Belle also distributes major sportswear products, including Nike and Adidas.

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