Zhongyin Babi Food Co (SHSE:605338) ROCE % : 9.15% (As of Mar. 2024)

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What is Zhongyin Babi 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. Zhongyin Babi Food Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.15%.

Zhongyin Babi Food Co ROCE % Historical Data

The historical data trend for Zhongyin Babi 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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Zhongyin Babi Food Co ROCE % Chart

Zhongyin Babi Food Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.65

19.33

22.66

13.99

12.60

Zhongyin Babi 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															10.23	9.75	17.04	13.31	9.15

Zhongyin Babi Food Co ROCE % Calculation

Zhongyin Babi 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 )
	=	284.979	/	( ( (2671.664 - 486.548)	+	(2781.191 - 441.809) )	/ 2 )
	=	284.979	/	( (2185.116	+	2339.382)	/ 2 )
	=	284.979	/	2262.249
	=	12.60 %

Zhongyin Babi 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 )
	=	215.464	/	( ( (2781.191 - 441.809)	+	(2779.108 - 409.605) )	/ 2 )
	=	215.464	/	( ( 2339.382	+	2369.503 )	/ 2 )
	=	215.464	/	2354.4425
	=	9.15 %

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

Zhongyin Babi Food Co (SHSE:605338) 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.

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Zhongyin Babi Food Co (SHSE:605338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhongyin Babi Food Co Ltd (SHSE:605338) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

785 Rongjiang Road, Chedun Town, Songjiang District, Shanghai, CHN, 201611

Website

http://www.babifood.com

Zhongyin Babi Food Co Ltd is engaged in research and development, production and sales of Chinese-style pastry quick-frozen food. The company's products are divided into pastry series products, filling series products and external procurement series products, including buns, steamed buns, whole grain snacks, fillings and porridge drinks, among others.

Executives

Sun Ai Guo	Directors, senior managers
Jin Wang Ming	Supervisors

Zhongyin Babi Food Co (SHSE:605338) Headlines

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