Doctorglasses Chain Co (SZSE:300622) ROCE % : 14.75% (As of Mar. 2024)

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What is Doctorglasses Chain 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. Doctorglasses Chain Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.75%.

Doctorglasses Chain Co ROCE % Historical Data

The historical data trend for Doctorglasses Chain 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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Doctorglasses Chain Co ROCE % Chart

Doctorglasses Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.57

13.43

17.46

13.11

20.36

Doctorglasses Chain 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															24.38	18.24	19.00	19.91	14.75

Doctorglasses Chain Co ROCE % Calculation

Doctorglasses Chain 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 )
	=	171.812	/	( ( (976.671 - 196.675)	+	(1121.775 - 213.954) )	/ 2 )
	=	171.812	/	( (779.996	+	907.821)	/ 2 )
	=	171.812	/	843.9085
	=	20.36 %

Doctorglasses Chain 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 )
	=	135.8	/	( ( (1121.775 - 213.954)	+	(1202.751 - 269.572) )	/ 2 )
	=	135.8	/	( ( 907.821	+	933.179 )	/ 2 )
	=	135.8	/	920.5
	=	14.75 %

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

Doctorglasses Chain Co (SZSE:300622) 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.

Doctorglasses Chain Co ROCE % Related Terms

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Doctorglasses Chain Co (SZSE:300622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Doctorglasses Chain Co Ltd (SZSE:300622) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4028 Jintian Road, 2nd Floor, Rongchao Economic and Trade Center, Futian District, Shenzhen, CHN, 518038

Website

http://www.doctorglasses.com.cn

Doctorglasses Chain Co Ltd operates as a retail chain company which is engaged in the eyeglasses business in China. The company offers glasses under the President optical and doctor glasses Zele brand name. It offers reading glasses, sunglasses, frames and lenses, contact lenses, contact lens liquid solution and others.

Executives

Liu Zhi Ming	Directors, executives
Zheng Qing Qiu	Executives
He Qing Bai	Executives
	Director
Liu Kai Yue	Directors, executives
Xiong Dan	Securities Affairs Representative

Doctorglasses Chain Co (SZSE:300622) Headlines

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