Chongqing Hongjiu Fruit Co (HKSE:06689) ROCE % : 28.46% (As of Jun. 2023)

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What is Chongqing Hongjiu Fruit 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. Chongqing Hongjiu Fruit Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 28.46%.

Chongqing Hongjiu Fruit Co ROCE % Historical Data

The historical data trend for Chongqing Hongjiu Fruit 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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Chongqing Hongjiu Fruit Co ROCE % Chart

Chongqing Hongjiu Fruit Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

3,210.70

481.16

23.54

31.60

Chongqing Hongjiu Fruit Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			509.35	18.38	42.78	24.10	28.46

Chongqing Hongjiu Fruit Co ROCE % Calculation

Chongqing Hongjiu Fruit Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1996.246	/	( ( (7048.176 - 1605.82)	+	(10902.259 - 3711.77) )	/ 2 )
	=	1996.246	/	( (5442.356	+	7190.489)	/ 2 )
	=	1996.246	/	6316.4225
	=	31.60 %

Chongqing Hongjiu Fruit Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	2196.72	/	( ( (10902.259 - 3711.77)	+	(12347.241 - 4098.027) )	/ 2 )
	=	2196.72	/	( ( 7190.489	+	8249.214 )	/ 2 )
	=	2196.72	/	7719.8515
	=	28.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Chongqing Hongjiu Fruit Co (HKSE:06689) 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.

Chongqing Hongjiu Fruit Co ROCE % Related Terms

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Chongqing Hongjiu Fruit Co (HKSE:06689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Chongqing Hongjiu Fruit Co Ltd (HKSE:06689) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Donghu South Road, 22nd Floor, Block B, Zhongtiefenghui, Yubei District, Chongqing, CHN

Website

https://www.hjfruit.com

Chongqing Hongjiu Fruit Co Ltd is a fast-growing and multi-brand fruit company in China with an end-to-end supply chain. It focuses on managing the entire supply chain for quality fruits primarily grown in China, Thailand and Vietnam.

Executives

Jiang Zongying
Su Zhou Jun Yi Gu Quan Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Su Zhou Zhi Lan Gu Quan Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Hua Ren Wen Hua Er Qi Shang Hai Gu Quan Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Hua Ren Wen Hua Shang Hai Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Hua Ren Wen Hua Chan Ye Gu Quan Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
A Li Ba Ba Zhong Guo Wang Luo Ji Shu You Xian Gong Si
Tao Bao Zhong Guo Ruan Jian You Xian Gong Si
Zhe Jiang Tian Mao Ji Shu You Xian Gong Si
Li Ruigang	2201 Interest of corporation controlled by you
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Deng Hongjiu
Chong Qing Yi Bai Nian Xian Dai Nong Ye Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo

Chongqing Hongjiu Fruit Co (HKSE:06689) Headlines

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