Zhengzhou Qianweiyangchu Food Co (SZSE:001215) ROCE % : 10.87% (As of Mar. 2024)

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What is Zhengzhou Qianweiyangchu 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. Zhengzhou Qianweiyangchu Food Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.87%.

Zhengzhou Qianweiyangchu Food Co ROCE % Historical Data

The historical data trend for Zhengzhou Qianweiyangchu 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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Zhengzhou Qianweiyangchu Food Co ROCE % Chart

Zhengzhou Qianweiyangchu Food Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.93

17.94

14.44

12.13

13.72

Zhengzhou Qianweiyangchu Food Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														13.86	10.60	15.47	15.51	10.87

Zhengzhou Qianweiyangchu Food Co ROCE % Calculation

Zhengzhou Qianweiyangchu 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 )
	=	183.094	/	( ( (1586.997 - 350.201)	+	(1808.846 - 375.768) )	/ 2 )
	=	183.094	/	( (1236.796	+	1433.078)	/ 2 )
	=	183.094	/	1334.937
	=	13.72 %

Zhengzhou Qianweiyangchu 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 )
	=	181.632	/	( ( (1808.846 - 375.768)	+	(2142.734 - 235.22) )	/ 2 )
	=	181.632	/	( ( 1433.078	+	1907.514 )	/ 2 )
	=	181.632	/	1670.296
	=	10.87 %

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

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) 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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Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengzhou Qianweiyangchu Food Co Ltd (SZSE:001215) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Zhengzhou High-tech Zone, No. 2, Hongfengli, Henan Province, Zhengzhou, CHN, 450001

Website

https://www.qianweiyangchu.com

Zhengzhou Qianwei Central Kitchen Food Co Ltd is engaged in production and sales of quick-frozen noodle products for catering companies.

Executives

Xu Zhen Jiang	Secretary Dong
Wang Zhi Bin	Director
Sun Jian	Director
Bai Rui	Director
Shi Qiu Mei	Supervisors
Wang Shan Shan	Director

Zhengzhou Qianweiyangchu Food Co (SZSE:001215) Headlines

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