Anhui Gujing Distillery Co (SZSE:000596) ROCE % : 26.69% (As of Sep. 2023)

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What is Anhui Gujing Distillery 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. Anhui Gujing Distillery Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 26.69%.

Anhui Gujing Distillery Co ROCE % Historical Data

The historical data trend for Anhui Gujing Distillery 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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Anhui Gujing Distillery Co ROCE % Chart

Anhui Gujing Distillery Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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31.34

32.60

24.29

22.31

23.86

Anhui Gujing Distillery Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															20.83	16.73	41.43	31.47	26.69

Anhui Gujing Distillery Co ROCE % Calculation

Anhui Gujing Distillery 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 )
	=	4476.172	/	( ( (25418.086 - 7679.627)	+	(29789.822 - 10008.504) )	/ 2 )
	=	4476.172	/	( (17738.459	+	19781.318)	/ 2 )
	=	4476.172	/	18759.8885
	=	23.86 %

Anhui Gujing Distillery Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	5782.412	/	( ( (34385.118 - 13208.515)	+	(34965.642 - 12806.965) )	/ 2 )
	=	5782.412	/	( ( 21176.603	+	22158.677 )	/ 2 )
	=	5782.412	/	21667.64
	=	26.69 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Anhui Gujing Distillery Co (SZSE:000596) 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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Anhui Gujing Distillery Co (SZSE:000596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anhui Gujing Distillery Co Ltd (SZSE:000596) » Definitions » ROCE %

Traded in Other Exchanges

200596:China

Address

Gujing Town, Anhui Province, Bozhou, CHN, 236820

Website

http://www.gujing.com

Anhui Gujing is one of the eight most famous baijiu brands in China and the largest baijiu distiller in Anhui province by sales in 2022. The company produces rich-flavored baijiu, with a colorful brand story tracing back 1,800 years to the Three Kingdoms period. Gujing is one of the leading players in the midrange to high-end market and enjoys high retail prices and profit margins, with its flagship Gujing Year Puree series contributing 70%-75% of total sales. The State-Owned Assets Supervision and Administration Commission of Bozhou controls 28% of Gujing.

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