Yifeng Pharmacy Chain Co (SHSE:603939) ROCE % : 18.26% (As of Mar. 2024)

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What is Yifeng Pharmacy Chain 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. Yifeng Pharmacy Chain Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.26%.

Yifeng Pharmacy Chain Co ROCE % Historical Data

The historical data trend for Yifeng Pharmacy Chain 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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Yifeng Pharmacy Chain Co ROCE % Chart

Yifeng Pharmacy Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.51

16.18

15.25

18.84

18.13

Yifeng Pharmacy Chain 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															18.69	19.20	15.77	19.37	18.26

Yifeng Pharmacy Chain Co ROCE % Calculation

Yifeng Pharmacy Chain 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 )
	=	2198.123	/	( ( (21036.024 - 9659.275)	+	(24136.539 - 11269.471) )	/ 2 )
	=	2198.123	/	( (11376.749	+	12867.068)	/ 2 )
	=	2198.123	/	12121.9085
	=	18.13 %

Yifeng Pharmacy Chain 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 )
	=	2550.392	/	( ( (24136.539 - 11269.471)	+	(26161.824 - 11088.642) )	/ 2 )
	=	2550.392	/	( ( 12867.068	+	15073.182 )	/ 2 )
	=	2550.392	/	13970.125
	=	18.26 %

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

Yifeng Pharmacy Chain Co (SHSE:603939) 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.

Yifeng Pharmacy Chain Co ROCE % Related Terms

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Yifeng Pharmacy Chain Co (SHSE:603939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Yifeng Pharmacy Chain Co Ltd (SHSE:603939) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 68 Yifeng Medicine Park, Hunan Lugu High-tech Zone, Jinzhou Road, Changsha, CHN, 410000

Website

https://www.yfdyf.cn

Yifeng Pharmacy Chain Co Ltd operates as a chain of retail stores that specialize in pharmaceutical and over-the-counter remedies and personal care products in China. Its products include pharmaceuticals, medical equipment, health products, health food, personal care products also maternal and child products. Its stores offer various drugs; gynecological medicines; pediatric medicines: male medicines; contact lenses; Chinese products; nutrition and instruments; and personal care products.

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