Fujian Yanjing Huiquan Brewery Co (SHSE:600573) ROCE % : 2.06% (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Fujian Yanjing Huiquan Brewery 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. Fujian Yanjing Huiquan Brewery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.06%.

Fujian Yanjing Huiquan Brewery Co ROCE % Historical Data

The historical data trend for Fujian Yanjing Huiquan Brewery 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.

* Premium members only.

Fujian Yanjing Huiquan Brewery Co ROCE % Chart

Fujian Yanjing Huiquan Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

0.76

1.30

3.18

3.84

4.73

Fujian Yanjing Huiquan Brewery 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															-1.98	10.32	15.40	-4.81	2.06

Fujian Yanjing Huiquan Brewery Co ROCE % Calculation

Fujian Yanjing Huiquan Brewery 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 )
	=	58.712	/	( ( (1409.414 - 186.285)	+	(1493.447 - 234.392) )	/ 2 )
	=	58.712	/	( (1223.129	+	1259.055)	/ 2 )
	=	58.712	/	1241.092
	=	4.73 %

Fujian Yanjing Huiquan Brewery 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 )
	=	25.96	/	( ( (1493.447 - 234.392)	+	(1568.008 - 303.97) )	/ 2 )
	=	25.96	/	( ( 1259.055	+	1264.038 )	/ 2 )
	=	25.96	/	1261.5465
	=	2.06 %

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

Fujian Yanjing Huiquan Brewery Co (SHSE:600573) 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.

Fujian Yanjing Huiquan Brewery Co ROCE % Related Terms

Thank you for viewing the detailed overview of Fujian Yanjing Huiquan Brewery Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Fujian Yanjing Huiquan Brewery Co (SHSE:600573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fujian Yanjing Huiquan Brewery Co Ltd (SHSE:600573) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Fujian 157 Main Street towns, Hui'an County, Quanzhou, Fujian, CHN

Website

http://www.hqbeer.com/

Fujian Yanjing Huiquan Brewery Co Ltd manufactures beer. The company has three facilities for the production of beer. The product portfolio includes - Huiquan Yimai beer, Huiquan small fresh beer, Huiquan pure draft beer, Huiquan European knight beer, and Huiquan bottled canned beer.

Fujian Yanjing Huiquan Brewery Co (SHSE:600573) Headlines

No Headlines