Zhe Jiang Li Zi Yuan Food Co (SHSE:605337) ROCE % : 12.87% (As of Mar. 2024)

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What is Zhe Jiang Li Zi Yuan Food 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. Zhe Jiang Li Zi Yuan Food Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.87%.

Zhe Jiang Li Zi Yuan Food Co ROCE % Historical Data

The historical data trend for Zhe Jiang Li Zi Yuan Food 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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Zhe Jiang Li Zi Yuan Food Co ROCE % Chart

Zhe Jiang Li Zi Yuan Food Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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44.99

41.61

27.36

16.21

15.24

Zhe Jiang Li Zi Yuan Food 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															16.62	18.07	12.17	11.16	12.87

Zhe Jiang Li Zi Yuan Food Co ROCE % Calculation

Zhe Jiang Li Zi Yuan Food 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 )
	=	317.512	/	( ( (2376.892 - 566.137)	+	(3058.576 - 703.318) )	/ 2 )
	=	317.512	/	( (1810.755	+	2355.258)	/ 2 )
	=	317.512	/	2083.0065
	=	15.24 %

Zhe Jiang Li Zi Yuan Food 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 )
	=	307.02	/	( ( (3058.576 - 703.318)	+	(2929.283 - 512.9) )	/ 2 )
	=	307.02	/	( ( 2355.258	+	2416.383 )	/ 2 )
	=	307.02	/	2385.8205
	=	12.87 %

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

Zhe Jiang Li Zi Yuan Food Co (SHSE:605337) 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.

Zhe Jiang Li Zi Yuan Food Co ROCE % Related Terms

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Zhe Jiang Li Zi Yuan Food Co (SHSE:605337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhe Jiang Li Zi Yuan Food Co Ltd (SHSE:605337) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Liziyuan Industrial Park, Caozhai Town, Jindong District, Zhejiang Province, Jinhua, CHN, 321031

Website

http://www.liziyuan.com

Zhe Jiang Li Zi Yuan Food Co Ltd is engaged in research and development, production and sales of milk-containing beverages and other beverages such as sweet milk and milk beverage series. Its products include dairy products, vegetable protein beverages, compound protein beverages, fruit juice beverages, and cereal beverages.

Executives

Fang Jian Hua	senior management
Li Guo Ping	Director
Xu Fu Sheng	senior management
Su Zhong Jun	Director
Wang Xu Bin	Director
Cui Hong Wei	Supervisors
Sun Xu Fen	senior management
Zhu Wen Xiu	Director
Cheng Wei Zhong	senior management
Wang Shun Yu	Director
Zheng Song You	Supervisors

Zhe Jiang Li Zi Yuan Food Co (SHSE:605337) Headlines

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