Nongfu Spring Co (HKSE:09633) ROCE % : 63.27% (As of Dec. 2023)

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What is Nongfu Spring 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. Nongfu Spring Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 63.27%.

Nongfu Spring Co ROCE % Historical Data

The historical data trend for Nongfu Spring 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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Nongfu Spring Co ROCE % Chart

Nongfu Spring Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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51.19

54.87

51.08

46.34

58.01

Nongfu Spring Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							41.41	56.76	43.45	62.99	63.27

Nongfu Spring Co ROCE % Calculation

Nongfu Spring 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 )
	=	17268.512	/	( ( (43836.459 - 16305.631)	+	(53745.155 - 21740.559) )	/ 2 )
	=	17268.512	/	( (27530.828	+	32004.596)	/ 2 )
	=	17268.512	/	29767.712
	=	58.01 %

Nongfu Spring Co'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 )
	=	18012.27	/	( ( (53704.392 - 28767.024)	+	(53745.155 - 21740.559) )	/ 2 )
	=	18012.27	/	( ( 24937.368	+	32004.596 )	/ 2 )
	=	18012.27	/	28470.982
	=	63.27 %

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

Nongfu Spring Co (HKSE:09633) 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.

Nongfu Spring Co ROCE % Related Terms

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Nongfu Spring Co (HKSE:09633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Nongfu Spring Co Ltd (HKSE:09633) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NNFSF:USA 7NF:Germany

Address

No. 181, Geyazhuang, Xihu District, Hangzhou, CHN, 310024

Website

https://www.nongfuspring.com

Founded in 1996, Nongfu Spring is a leading manufacturer of bottled water, ready-to-drink tea, juice and functional beverages in China. It holds the number-one share in the bottled water market; this segment contributed approximately 55% of the firm's revenue and EBIT in 2022.

Nongfu Spring Co (HKSE:09633) Headlines

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