Top Score Fashion Co (SHSE:603608) ROCE % : -4.77% (As of Sep. 2024)

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What is Top Score Fashion 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. Top Score Fashion Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.77%.

Top Score Fashion Co ROCE % Historical Data

The historical data trend for Top Score Fashion 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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Top Score Fashion Co ROCE % Chart

Top Score Fashion Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.04

-19.39

-3.20

-7.16

0.50

Top Score Fashion Co 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															2.94	0.33	0.53	0.67	-4.77

Top Score Fashion Co ROCE % Calculation

Top Score Fashion 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 )
	=	9.533	/	( ( (2143.811 - 235.409)	+	(2124.012 - 232.984) )	/ 2 )
	=	9.533	/	( (1908.402	+	1891.028)	/ 2 )
	=	9.533	/	1899.715
	=	0.50 %

Top Score Fashion Co'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 )
	=	-76.844	/	( ( (1982.608 - 190.875)	+	(1741.797 - 312.907) )	/ 2 )
	=	-76.844	/	( ( 1791.733	+	1428.89 )	/ 2 )
	=	-76.844	/	1610.3115
	=	-4.77 %

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

Top Score Fashion Co (SHSE:603608) 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.

Top Score Fashion Co ROCE % Related Terms

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Top Score Fashion Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Top Score Fashion Co Ltd (SHSE:603608) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 31, Yinsha Street, Dongyong Town, Nansha District, Guangdon, Guangzhou, CHN

Website

http://www.topscore.com.cn

Top Score Fashion Co Ltd provides women's footwear products primarily in China. It offers leather, fur, and feather footwear products under the KISSCAT, Kiss Kitty, ZSAZSAZSU, tigrisso, and Patricia brands.

Executives

Liang Yao Hua	Director
Li Lin	Director
He Zuo Jun	Director
Wang Hai Tao	Director
Yang Lu	Director
Lian Xia	Director
Wang Xiang Yang	Director
Ni Jian Ming	Director
Shi Zheng Jiu	senior management

Top Score Fashion Co Headlines

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