Anhui Heryi Pharmaceutical Co (BJSE:430478) ROCE % : 10.83% (As of Mar. 2024)

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What is Anhui Heryi Pharmaceutical 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 Heryi Pharmaceutical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.83%.

Anhui Heryi Pharmaceutical Co ROCE % Historical Data

The historical data trend for Anhui Heryi Pharmaceutical 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 Heryi Pharmaceutical Co ROCE % Chart

Anhui Heryi Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.29

23.77

12.04

19.83

12.93

Anhui Heryi Pharmaceutical Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.56	21.98	2.63	7.21	10.83

Anhui Heryi Pharmaceutical Co ROCE % Calculation

Anhui Heryi Pharmaceutical 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 )
	=	51.603	/	( ( (380.863 - 53.282)	+	(533.395 - 62.855) )	/ 2 )
	=	51.603	/	( (327.581	+	470.54)	/ 2 )
	=	51.603	/	399.0605
	=	12.93 %

Anhui Heryi Pharmaceutical 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 )
	=	51.568	/	( ( (533.395 - 62.855)	+	(532.147 - 50.233) )	/ 2 )
	=	51.568	/	( ( 470.54	+	481.914 )	/ 2 )
	=	51.568	/	476.227
	=	10.83 %

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

Anhui Heryi Pharmaceutical Co (BJSE:430478) 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.

Anhui Heryi Pharmaceutical Co ROCE % Related Terms

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Anhui Heryi Pharmaceutical Co (BJSE:430478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Anhui Heryi Pharmaceutical Co Ltd (BJSE:430478) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yangcun Industrial Zone, Anhui Province, Tianchang City, CHN, 239304

Website

http://www.heryipharma.com

Anhui Heryi Pharmaceutical Co Ltd engages in research and development, production, and sales of advanced pharmaceutical intermediates, raw materials, and related products. The main product categories include anti-allergy, anti-thrombosis, anti-oxidation, gastric ulcer, anti-virus, antipyretic and analgesic, and ultraviolet absorbent.

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