Shanghai Maling Aquarius Co (SHSE:600073) ROCE % : 6.67% (As of Mar. 2024)

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What is Shanghai Maling Aquarius 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. Shanghai Maling Aquarius Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.67%.

Shanghai Maling Aquarius Co ROCE % Historical Data

The historical data trend for Shanghai Maling Aquarius 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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Shanghai Maling Aquarius Co ROCE % Chart

Shanghai Maling Aquarius Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.58

13.28

2.85

14.65

0.71

Shanghai Maling Aquarius 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															13.92	8.48	-3.55	-17.25	6.67

Shanghai Maling Aquarius Co ROCE % Calculation

Shanghai Maling Aquarius 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 )
	=	55.758	/	( ( (15377.593 - 6996.488)	+	(15320.35 - 7924.584) )	/ 2 )
	=	55.758	/	( (8381.105	+	7395.766)	/ 2 )
	=	55.758	/	7888.4355
	=	0.71 %

Shanghai Maling Aquarius 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 )
	=	489.616	/	( ( (15320.35 - 7924.584)	+	(15059.513 - 7780.125) )	/ 2 )
	=	489.616	/	( ( 7395.766	+	7279.388 )	/ 2 )
	=	489.616	/	7337.577
	=	6.67 %

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

Shanghai Maling Aquarius Co (SHSE:600073) 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.

Shanghai Maling Aquarius Co ROCE % Related Terms

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Shanghai Maling Aquarius Co (SHSE:600073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Maling Aquarius Co Ltd (SHSE:600073) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 400 Tongbei Road, Shanghai, Shanghai, CHN, 200082

Website

http://www.shanghaimaling.com

Shanghai Maling Aquarius Co Ltd engages in the manufacturing of food products primarily in China. It offers meat and meat products, canned products, snack foods, seasonings, aquatic products, fruits and vegetables, and cooked food. It also offers drinking water and beverages. The company offers its products under the Guanshengyuan, White Rabbit, Merlin, Bergamot, Hua Tuo, Masanori, SF, Eisen, and 96858 brand names.

Executives

Wang De Qing	Director
Wu Xiao Hong	Supervisors

Shanghai Maling Aquarius Co (SHSE:600073) Headlines

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