Jiugui Liquor Co (SZSE:000799) ROCE % : 8.99% (As of Mar. 2024)

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What is Jiugui Liquor 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. Jiugui Liquor Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.99%.

Jiugui Liquor Co ROCE % Historical Data

The historical data trend for Jiugui Liquor 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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Jiugui Liquor Co ROCE % Chart

Jiugui Liquor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.68

21.98

37.18

36.15

17.10

Jiugui Liquor 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															36.89	14.91	14.89	0.79	8.99

Jiugui Liquor Co ROCE % Calculation

Jiugui Liquor 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 )
	=	727.64	/	( ( (5835.69 - 1643.842)	+	(5669.511 - 1352.318) )	/ 2 )
	=	727.64	/	( (4191.848	+	4317.193)	/ 2 )
	=	727.64	/	4254.5205
	=	17.10 %

Jiugui Liquor 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 )
	=	391.504	/	( ( (5669.511 - 1352.318)	+	(5560.03 - 1169.726) )	/ 2 )
	=	391.504	/	( ( 4317.193	+	4390.304 )	/ 2 )
	=	391.504	/	4353.7485
	=	8.99 %

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

Jiugui Liquor Co (SZSE:000799) 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.

Jiugui Liquor Co ROCE % Related Terms

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Jiugui Liquor Co (SZSE:000799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiugui Liquor Co Ltd (SZSE:000799) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Luohe Street, Zhenwuying Village, Hunan province, Jishou, CHN, 410015

Website

http://www.jiuguijiu000799.com

Located in western Hunan province, Jiugui Liquor is a typical "Fuyu" flavor baijiu that is characterized with its special culture in both brewing technique and product packaging. The company's product portfolio ranges from low to subpremium segments, with the key products Neican, Jiugui, and Xiangquan respectively contributing 29%, 56% and 15% of total sales revenue in 2022. China National Cereals, Oils and Foodstuffs Corporation, commonly known as Cofco, is the controlling shareholder, with a 15.5% equity stake as of December 2022.

Jiugui Liquor Co (SZSE:000799) Headlines

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