Muliang Viagoo Technology (Muliang Viagoo Technology) ROCE % : 29.84% (As of Sep. 2023)

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What is Muliang Viagoo Technology 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. Muliang Viagoo Technology's annualized ROCE % for the quarter that ended in Sep. 2023 was 29.84%.

Muliang Viagoo Technology ROCE % Historical Data

The historical data trend for Muliang Viagoo Technology'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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Muliang Viagoo Technology ROCE % Chart

Muliang Viagoo Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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48.64

26.81

9.86

14.39

22.47

Muliang Viagoo Technology 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															37.10	35.68	9.71	9.09	29.84

Muliang Viagoo Technology ROCE % Calculation

Muliang Viagoo Technology'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 )
	=	3.483	/	( ( (28.9 - 13.77)	+	(25.091 - 9.222) )	/ 2 )
	=	3.483	/	( (15.13	+	15.869)	/ 2 )
	=	3.483	/	15.4995
	=	22.47 %

Muliang Viagoo Technology'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 )
	=	5.104	/	( ( (22.955 - 6.336)	+	(26.454 - 8.861) )	/ 2 )
	=	5.104	/	( ( 16.619	+	17.593 )	/ 2 )
	=	5.104	/	17.106
	=	29.84 %

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

Muliang Viagoo Technology (OTCPK:MULG) 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.

Muliang Viagoo Technology ROCE % Related Terms

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Muliang Viagoo Technology (Muliang Viagoo Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Muliang Viagoo Technology Inc (OTCPK:MULG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2498 Wanfeng Highway, Lane 181, Fengjing Town, Jinshan District, Shanghai, CHN, 201501

Website

http://www.cmuliang.com

Muliang Viagoo Technology Inc is in the business of developing, manufacturing, and selling organic fertilizers and bio-organic fertilizers for use in the agricultural industry in the Peoples Republic of China. The company has a fertilizer plant in Weiha City. It is also engaged in the sales of agricultural products in the Peoples' Republic of China.

Muliang Viagoo Technology (Muliang Viagoo Technology) Headlines

From GuruFocus

Muliang Agritech, Inc. Announces Acquisition of Viagoo Pte Ltd.

By Marketwired Marketwired • 06-26-2020