Jiumaojiu International Holdings (HKSE:09922) ROCE % : 14.24% (As of Dec. 2023)

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What is Jiumaojiu 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. Jiumaojiu International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.24%.

Jiumaojiu International Holdings ROCE % Historical Data

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

Jiumaojiu International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.89

10.02

14.08

3.81

15.09

Jiumaojiu International Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									12.26	6.20	1.85	15.38	14.24

Jiumaojiu International Holdings ROCE % Calculation

Jiumaojiu International Holdings'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 )
	=	797.64	/	( ( (6038.157 - 1066.416)	+	(7132.4 - 1534.108) )	/ 2 )
	=	797.64	/	( (4971.741	+	5598.292)	/ 2 )
	=	797.64	/	5285.0165
	=	15.09 %

Jiumaojiu International Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	790.172	/	( ( (6655.26 - 1156.238)	+	(7132.4 - 1534.108) )	/ 2 )
	=	790.172	/	( ( 5499.022	+	5598.292 )	/ 2 )
	=	790.172	/	5548.657
	=	14.24 %

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

Jiumaojiu International Holdings (HKSE:09922) 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.

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Jiumaojiu International Holdings (HKSE:09922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Jiumaojiu International Holdings Ltd (HKSE:09922) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3YU:Germany

Address

1 Mingzhuyi Street, Room 404-A197, Hengli Town, Nansha District, Guangzhou, CHN

Website

http://www.jiumaojiu.com

Jiumaojiu International is a Chinese multibrand restaurant operator. The firm generates most of its revenue from Tai Er, a restaurant chain that is known for its sauerkraut fish (steamed fish smothered in pickled cabbage). Established in 2015, Tai Er is immensely popular, with over 400 outlets in China, and is frequented particularly by the post-1990s generation.Other key concepts include the namesake concept Jiu Mao Jiu (nearly 80 units) and a newly created restaurant concept Song Hot Pot (almost 30 outlets), but the company's portfolio also includes other brands such as Uncle Chef (Cantonese cuisine) and Lai Mei Li (Chinese grilled fish). All of Jiumaojiu's restaurants are company-owned, as the firm is focusing more on the quality of its restaurants over quantity.

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