Cofco Sugar Holding Co (SHSE:600737) ROCE % : 18.38% (As of Mar. 2024)

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What is Cofco Sugar Holding 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. Cofco Sugar Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.38%.

Cofco Sugar Holding Co ROCE % Historical Data

The historical data trend for Cofco Sugar Holding 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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Cofco Sugar Holding Co ROCE % Chart

Cofco Sugar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.03

10.30

8.34

9.99

22.92

Cofco Sugar Holding 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															14.53	25.36	29.05	27.11	18.38

Cofco Sugar Holding Co ROCE % Calculation

Cofco Sugar Holding 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 )
	=	2669.307	/	( ( (20072.538 - 8925.362)	+	(21478.748 - 9336.431) )	/ 2 )
	=	2669.307	/	( (11147.176	+	12142.317)	/ 2 )
	=	2669.307	/	11644.7465
	=	22.92 %

Cofco Sugar Holding 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 )
	=	2235.9	/	( ( (21478.748 - 9336.431)	+	(24282.502 - 12101.163) )	/ 2 )
	=	2235.9	/	( ( 12142.317	+	12181.339 )	/ 2 )
	=	2235.9	/	12161.828
	=	18.38 %

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

Cofco Sugar Holding Co (SHSE:600737) 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.

Cofco Sugar Holding Co ROCE % Related Terms

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Cofco Sugar Holding Co (SHSE:600737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cofco Sugar Holding Co Ltd (SHSE:600737) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Xinjiang Uygur Autonomous Region, W101, 1st Floor, Building 54, Yutang Village, Daxiqu Town District, Changji Prefecture, Changji, CHN, 830000

Website

http://www.cofcotunhe.com

Cofco Sugar Holding Co Ltd is engaged in sugar business and tomato processing business. The company also takes care of sugar imports, port sugar refining, and sugar storage and logistics. Some of the company's products are raw sugar, white sugar, organic white granulated sugar, refined sugar, brown sugar, molasses, beet ordinary granules, and plus honey granules.

Cofco Sugar Holding Co (SHSE:600737) Headlines

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